Markets
Fed rate decision: European stock markets recoup most of earlier falls
European stock markets recoup most of their losses from earlier in the week following the release of US CPI data. Regional markets opened lower despite the Fed’s rate decision propelling Wall Street to all-time highs overnight.
Economy
ECB delivers a “hawkish” rate cut, Lagarde stresses data dependency
The ECB reduced interest rates by 25 basis points, signalling a moderation in monetary policy restrictions. However, Frankfurt also issued an upward revision to its inflation projections, now expecting headline inflation to average 2.5% in 2024 and 2.2% in 2025.
Business
Union reps call for ECB national quota-based employment process
Union representatives have called on the European Central Bank to open a national quota-based employment process after an Irish member of the ECB’s executive board urged Dublin to preserve his country’s outsized presence among the bank’s staff.
Economy
ECB signals a ‘plausible’ June rate cut as European equities surge
The latest minutes from the European Central Bank meeting indicated a rising chance for easing monetary policy in June. While a majority support maintaining current rates, a few members already advocated for immediate cuts in April.
Business
Ahead in the Markets: The BoE's rate decision, UBS, and ARM earnings
This week, all eyes will be on the Bank of England's (BoE) rate decision, along with the release of quarterly earnings reports from major companies including UBS and BP. These events will provide crucial insights into the market trajectory and investor sentiment.
Economy
Eurozone growth tops estimates as April inflation holds steady at 2.6%
Eurozone economy grew by 0.3% in the first quarter of 2024, beating expectations and marking the strongest growth since Q3 2022. Annual inflation remained stable at 2.4%, while core inflation slowed to 2.7%, likely clearing the path towards the first ECB rate cut in June.