interestrates
ValueWalk
Credit Agricole (CA) announced a 55% year-on-year increase in first-quarter net profits on Friday. Earnings came in at €1.9 billion, outperforming the €1.48 billion average predicted by analysts. In the previous quarter, CA's sales climbed 11% to €6.81 billion, also beating analysts' expectation of €6.47 billion. The cost of risk, meaning capital set aside to cover potential losses from loans, was €400 million, €105 million less than expected. The lender said it now plans to meet its 2025 financial targets a year early, boosted by strong performances in its corporate and investment banking div...
Euronews (English)
ValueWalk
The Federal Reserve, as the authoritative body, has announced that interest rates will remain unchanged due to a “lack of progress” in bringing inflation down. The government body published a statement on behalf of the Board of Governors for the Federal Reserve System showing that the target of 2% or lower hasn’t been reached. Interest rates bob and weave above 3%, which isn’t good for the average American business, as most would have hoped for a cut after today’s announcement. “Interest rates remain unchanged,” says FedThe Fed has been keen on bringing inflation down since the COVID-19 pandem...
Due
The average asking price for a home in Britain has risen by 1.1% in April, according to property firm Rightmove. This brings the approximate cost of a property to £372,324 (€432,619), only £570 (€662) less than the record set in May 2023. Compared with the same period last year, asking prices are up +1.7%, the highest annual growth rate seen in 12 months. That said, the monthly pace of price rises is cooling slightly, down from March's reading of +1.5%. The trend is predominantly "driven by an increase in the average asking price of 'top-of-the-ladder' homes, which are typically the highest-pr...
Euronews (English)
Reflecting Wall Street’s trajectory, European stock markets declined for the third consecutive week amid prevailing risk-off sentiment. The ongoing conflict in the Middle East and a hawkish stance from the Federal Reserve (Fed) continued to weigh on equity markets, prompting investors to seek haven assets such as gold. This week, soured sentiment may continue dominating the market as leading tech companies from Europe and the US prepare to report quarterly earnings. On the economic front, major global economies will unveil their flash manufacturing and services PMIs for April, providing insigh...
Euronews (English)
The UK year-on-year inflation report for March 2024 came out on Wednesday morning, clocking in at 3.2%, according to the Office for National Statistics (ONS), marking a decline from February’s 3.4%. However, it was still above analyst estimates of 3.1%, although the lowest number since September 2021. Food inflation slowing down was one of the biggest contributors to the decline, coming down to 4% from 5% in the previous month. Here's why Germany's economy remains the most distressed in Europe Regarding food and non-alcoholic beverages prices, the ONS said: “Prices have been relatively high bu...
Euronews (English)
European companies have been facing an increasingly difficult business environment, due to soaring inflation, as well as higher borrowing costs, as interest rates continue to remain uncomfortably high. As such, several companies across industries have had to halt or postpone projects, due to the cost of debt rapidly becoming unaffordable. This has also impacted capital investments and hiring. On the consumer side, increasing inflation has caused price rises across a variety of necessities and services. Surging interest rates have also bumped up the cost of mortgages, leaving consumers with les...
Euronews (English)
Goldman Sachs has surprised analysts its report of a double-digit rise in revenues and profits for the first three months of this year. Net revenues for the American multinational investment bank and financial services group reached $14.21 billion (€13.36 billion), 16% higher than last year and net earnings jumped to $4.13 billion (€3.88 billion) resulting in a 28% surge compared with a year ago. The New York-based company said it had earnings of $11.58 per share. The results topped Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for e...
Euronews (English)
Sentiment soured due to a hawkish US Federal Reserve and escalating Middle East conflict, causing a broad sell-off in the global equity markets. The majority of the European benchmark averages ended the week negatively. The oil price surged to a nearly six-month high as Iran vowed retaliation for Israel’s attack, while other safe-haven assets, including precious metals and the US dollar, continued to climb as preferred destinations for safety. This week, market participants will maintain their focus on geopolitical tensions and central banks' rhetoric on monetary policy. Economic indicators su...
Euronews (English)
閲覧を続けるには、ノアドット株式会社が「プライバシーポリシー」に定める「アクセスデータ」を取得することを含む「nor.利用規約」に同意する必要があります。
「これは何?」という方はこちら