interestrates
Political uncertainties continued to weigh on market sentiment in Europe, with most regional stock markets heading for a negative close this week. On the other side of the Atlantic, Wall Street extended its upward momentum amid a rally in tech stocks. Meanwhile, equities across Asia are mixed due to varying economic dynamics. EuropeMost European benchmarks are lower in their weekly performance, with the Euro Stoxx 600 down 1.07%, the CAC 40 down 1.28%, and the FTSE 100 falling 0.70%. The DAX is the only index in positive territory, up 0.23% over the past five trading days. Equities in France a...
Euronews (English)
Bank of America predicts that the European Central Bank (ECB) might accelerate its interest rate cuts if the French elections lead to increased market risks. "The main risk from here is whether French developments end up leading to a persistent tightening of financial conditions and a sustained uncertainty shock," Bank of America economist Ruben Segura-Cayuela wrote in a recent note. Bank of America cautions that larger shocks from the French elections could lead to weaker Euro area growth, faster disinflation, and a more rapid ECB rate-cutting cycle. Bank of America’s euro area outlookWhile t...
Euronews (English)
Alineándose con las expectativas, el Banco de México decidió mantener su tasa de interés de referencia en un 11.00% en junio de 2024, marcando el segundo período consecutivo sin cambios. Se prevé que la economía global continuará expandiéndose en el segundo trimestre del año, aunque a un ritmo más lento, mientras que la inflación generalmente está en descenso en las economías avanzadas. Volatilidad en los mercados financieros de MéxicoEn junio, los mercados mexicanos experimentaron una notable inestabilidad en medio de una situación global complicada. La incertidumbre y la presión económica en...
Invezz - ES
Average salaries in the United Kindom fell back 0.1% to £38,765 (€45,736) from April to May, the first decline since last October, according to Adzuna's latest jobs report. Although it is a small decline, a slow down in wage growth could allay fears about future rises in inflation and increase the chances of a rate cut by the Bank of England (BoE). The Bank held rates at 5.25% again last week but economic indicators suggest a rate cut is in the offing. Inflation fell back to the Bank's 2% target for the first time in three years last week, paving the way for a rate cut as soon as August. Job v...
Euronews (English)
The International Monetary Fund (IMF) has released its 2024 Concluding Statements on Common Policies for member countries, highlighting both the progress and the persistent challenges facing the euro area economy. Following the disruptions caused by the pandemic, Russia’s gas supply halt, and the ongoing war in Ukraine, the region is gradually recovering. Inflation rates are moving towards target levels, and banks have demonstrated resilience amid rising interest rates. Weekly Recap: European markets stabilise as French election approachesNonetheless, significant challenges persist, such as re...
Euronews (English)
The Swiss National Bank announced on Thursday morning that it would be cutting interest rates to 1.25%, a further decrease of 25 basis points. This is mainly due to the central bank anticipating that although inflation did increase slightly in April, coming up to 1.4% in May, it is now expected to come down to about 1.3% for the rest of the year, as inflationary pressures reduce. Furthermore, if interest rates remain constant at 1.25%, the central bank also conditionally expects inflation in 2025 to touch 1.1% and in 2026 to come down once more to 1%. Regarding their interest rate decision tod...
Euronews (English)
The Bank of England decided to keep the Bank Rate unchanged at 5.25% for the seventh straight meeting during its June meeting, as widely predicted by market participants. Seven members of the Monetary Policy Committee voted to keep rates unchanged, while Swati Dhingra and Dave Ramsden favoured a 0.25 percentage point reduction, bringing the rate to 5%. In its statement, policymakers noted that the restrictive monetary policy is weighing on real economic activity, leading to a looser labour market and curbing inflationary pressures. Despite the labour market easing, the Bank of England highligh...
Euronews (English)
Norway's central bank has held its base rate at 4.5%, keeping borrowing costs at their highest level since 2008. The committee cited concerns about robust wage growth, which could continue to put upward pressure on inflation. "Since the last report, price inflation has been slightly lower than forecast, while unemployment has increased as expected," said the bank in a statement. "On the other hand, the companies in our regional network are reporting better prospects, and wage growth looks set to be higher than we previously envisioned. This may indicate that price growth will be higher in the ...
Euronews (English)
Despite a rate reduction by the European Central Bank, the Bank of England (BoE) is widely expected to keep the policy rate at 5.25% on Thursday, although inflation in the UK eased to the 2% target level in May. The bank is likely to maintain a cautious tone on the rate trajectory and signal that a rate cut may be on the horizon later this year, possibly in August, according to Reuter's consensus. The economic trajectory may encourage an August cutRecent economic data showed that the UK's economy has slightly improved, with first-quarter GDP growth rising to 0.6% from a 0.3% contraction in the...
Euronews (English)
This marks the lowest annual change in the consumer price index since July 2021, aligning with analysts' forecasts. On a monthly basis, inflation increased by 0.3% in May 2024, consistent with April 2024 but slightly below economist expectations. The UK's CPI inflation rate was lower than France (2.6%), Germany (2.8%), and the EU average (2.7%), and matched the US (2.0%) in the 12 months to May 2024. The decline in annual inflation rates in May 2024 was driven by reductions in food and non-alcoholic beverages, recreation and culture, and furniture and household goods. However, transport and co...
Euronews (English)
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