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EuroVerify

No, Christine Lagarde doesn't want to scrap cash for climate

A video is being shared on social media which allegedly shows Christine Lagarde, president of the European Central Bank, calling for the abolition of cash in order to reduce our carbon footprint.

Economy

ECB's Schnabel advocates gradual cuts, flags Trump's trade risks

Interest rates are nearing neutral territory, ECB's Isabel Schnabel has said, backing gradual cuts amid persistent inflation. She highlighted risks from Donald Trump’s trade policies, noting potential economic shocks for Europe as tariffs loom over export-heavy economies.

Economy

Eurozone business activity contracts: Euro tumbles to 2-year lows

Eurozone business activity fell sharply in November, with services joining manufacturing in contraction. The Composite PMI hit 48.1, signalling the steepest decline since January. The euro and bond yields weakened, while equities turned red, with banks witnessing sharp declines.

Business

BBVA-Sabadell merger: Can new commitments ease antitrust fears?

BBVA has pledged key measures, including branch retention and SME credit guarantees, to ease antitrust concerns over its merger with Sabadell. While regulators cite risks to competition and rural access, the deal could reshape Spain's banking sector if approved.

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Economy

Eurozone sovereign debt crisis? ECB warns of fiscal and growth risks

The ECB warns of mounting eurozone sovereign debt risks in its latest review, citing high debt levels, fiscal slippage, and weak growth.

Economy

Eurozone annual inflation hits ECB target as it rises to 2% in October

Eurostat data released on Tuesday showed eurozone inflation rose to the European Central Bank's 2% target in October.

Markets

Euro tumbles to a one-year low as US releases inflation figures

The euro further declined against the US dollar following the release of US inflation data on Wednesday. Analysts expect that the euro may continue to face downward pressure against the dollar, even if enthusiasm over Trump's policies subsides.

EU Decoded

EU DECODED: Will the Digital Euro strengthen financial security?

In this episode we talk about a new payment method that is being studied by the European Central Bank: the digital euro. Do we need another alternative for online payments and could this project have negative impacts on the banking system?

Economy

Trump policies may push ECB to cut rates, Draghi urges reform efforts

Trump’s protectionist policies could push the ECB to cut rates faster than predicted, as renewed tariffs on European exports threaten growth. Draghi urges EU reforms to bridge the tech gap and calls for a united stance in trade talks with the US.

Economy

Eurozone inflation figures see rise above forecasts for October

Eurozone inflation hit 2% in October, exceeding forecasts and up from September's 1.7%, driven by services and food prices. Germany witnessed unexpected price increases. The euro strengthened.

Markets

Weekly recap: Uncertainty moves markets into retreat from highs

Global markets are set to finish the week lower due to uncertainties surrounding the economic and political landscape ahead of the US presidential election and the Japanese general election. Risk-off sentiment shaped market trends as precious metal prices surged.

Economy

Will the European Central Bank opt for a large rate cut in December?

Money markets see an increased likelihood of the European Central Bank (ECB) deepening its rate cuts in December following weak economic data. However, analysts expect the bank to maintain a gradual approach to rate reductions due to the persistent upside risks in inflation.

Economy

ECB’s Lagarde stays cautious on rate cuts, urges competitive reforms

ECB's Christine Lagarde emphasised a cautious, data-driven approach to further rate cuts. She highlighted the need to address productivity gaps, energy costs, and digitalisation, calling for immediate action.

Markets

What key factors could keep the euro under pressure for some time?

The euro extended its losses against other major currencies within the G-10 group, with the EUR/USD pair dropping below the pivotal 1.08 level on Tuesday. The single currency may remain weak for some time.

Business

Week ahead: A look forward to what might be moving the markets

This week, several key trends are capturing investors' attention, including eurozone economic activity, central bank rate decisions, and major companies' quarterly earnings.

Economy

ECB watchers see more rate cuts to come after October decision

Economists expect the ECB to continue rate cuts, aiming for 2% by mid-2025. Lagarde's focus on downside inflation risks and weak growth signals further easing.

Markets

Markets weekly recap: DAX hits a new high as the ECB cuts

Stock markets on both sides of the Atlantic will likely end the week on a positive note, with sentiment buoyed by the European Central Bank’s (ECB) rate cut and robust US corporate earnings. In contrast, Chinese stocks continued their retreat as optimism from the recent market frenzy faded.

Economy

ECB rate cuts: 'We're breaking the neck of inflation,' says Lagarde

Inflation is on track to hit the medium-term 2% target in 2025. The ECB remains data-dependent, with no pre-commitment to future rate changes.

Economy

ECB cuts rates again as inflation falls below target

The 25 basis point cut, expected by analysts, arrives against a backdrop of settling inflation and anaemic growth.

Markets

Euro under pressure ahead of European Central Bank rate decision

The euro began its downtrend against the US dollar at the end of September after reaching a 15-month high. Despite a potential near-term rebound, analysts suggest the euro's weakness may persist.