interestrates
Some significant events and economic data are poised to dominate market movements this week. Firstly, the outcome of the EU Elections is expected to shape equity market trends across the eurozone and impact the single currency. Additionally, the Fed is scheduled to decide on the interest rate, a pivotal event for global markets, following the European Central Bank’s rate cut last week. EuropeAfter the European stock market reached a record high last week, the outcome of the EU Parliamentary elections can be considered a pivotal factor impacting businesses in the euro area. This, in turn, will ...
Euronews (English)
The most recent inflationary crisis began in 2022, following Russia's full-scale invasion of Ukraine, with the EU's harmonized consumer price index peaking at 10.6% in October 2022. In response, the European Central Bank (ECB) began raising interest rates, putting households and businesses under pressure due to the high value of their bank payments. Two years later, inflation in the euro zone has fallen to 2.6% - close to the 2% considered the ideal rate -, which is why the ECB made an announcement that should bring relief. The reduction in interest rates by 25 basis points was explained by it...
Euronews (English)
Eurostat also reported on Friday that the EU saw a 0.3% increase in its gross domestic product (GDP) quarter-on-quarter. Meanwhile, compared with the same quarter in 2023, seasonally adjusted GDP increased by 0.4% in the euro area and by 0.5% in the EU. GDP growth by member stateMalta (+1.3%) recorded the highest increase of GDP compared to the previous quarter, followed by Cyprus (+1.2%) and Croatia (+1.0%). Decreases were observed in Denmark (-1.8%), Estonia (-0.5%) and the Netherlands (‑0.1%). Components and contributions to growthAccording to Eurostat, GDP components evolved in the first q...
Euronews (English)
Stock markets on both sides of the Atlantic reached all-time highs as risk-on sentiment dominated. In Europe, the Euro Stoxx 600 hit a record high after the European Central Bank reduced its policy rate for the first time since 2019 on Thursday. On Wall Street, the Nvidia legend once again fuelled the AI frenzy, sending the S&P 500 and Nasdaq to fresh highs on Wednesday. Meanwhile, the Bank of Canada also cut the interest rate, adding pressure on the US Federal Reserve to consider a similar move next week. This could spark concerns about a new round of currency wars if the rate cut race intens...
Euronews (English)
ValueWalk
The European Central Bank is expected to cut interest rates at its June 6 meeting, as widely signalled in recent weeks by its policymakers. The interest rate on the main refinancing operations, the marginal lending facility, and the deposit facility are anticipated to drop by 25 basis points to 4.25%, 4.50%, and 3.75%, respectively. This will mark the first cut since March 2016 for both the main refinancing operations rate and the marginal lending rate while, for the deposit rate, it will be the first reduction since September 2019. Why is the ECB cutting interest rates?The overall increase of...
Euronews (English)
It will be a pivotal week for European markets as the ECB may cut interest rates for the first time in eight years. The EU elections on 6 June will also shape the regional political landscape. Additionally, the US will release its May employment data, a crucial indicator for the Federal Reserve’s upcoming rate decision. EuropeThe ECB is widely expected to initiate a quarter-percentage-point rate cut, bringing the main refinancing rate to 4.25% on Friday. Inflation in the euro area has followed a sustained disinflationary trend. May's headline CPI is anticipated to reach 2.6%, marking the eight...
Euronews (English)
ValueWalk
Eurozone inflation surged in May, surpassing economists' expectations just days before the European Central Bank (ECB) is set to convene to announce the first interest rate cut in four years. According to preliminary data from Eurostat, the harmonised index of consumer prices (HICP) in the eurozone rose by 2.6% year-on-year in May, up from 2.4% in April and exceeding the forecast of 2.5%. This marks the first increase in the annual inflation rate since December 2023. On a monthly basis, the HICP climbed by 0.2%, a slowdown from April’s 0.6%. Notably, energy inflation turned positive at 0.3% ye...
Euronews (English)
Equity markets across the globe were in retreat as inflation signaled a possible resurgence, sparking concerns about likely “higher-for-longer” interest rates. Profit-taking could also be the cause of such a pullback amid an uptick in global government bond yields after major indices hit all-time highs on both sides of the Atlantic. The retracement is primarily seen in the mining sector in Europe due to a sharp decline in copper prices. The US technology stocks also added to the market losses after a 20% plunge in Salesforce’s shares following a disappointing earnings report on Thursday. Europ...
Euronews (English)
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