Economy Eurozone business activity shrinks in September as Olympic boost fades Eurozone business activity contracted in September, and weaker demand eased inflationary pressures. This supports the case for a European Central Bank (ECB) rate cut in October, seen as needed to encourage growth. 23/09/2024
Markets Markets lookahead: Manufacturing PMIs, SNB and RBA rate decision This week is packed with key economic data and events, including manufacturing and services PMIs from major economies, alongside interest rate decisions from the Swiss National Bank (SNB) and the Reserve Bank of Australia (RBA). 23/09/2024
Economy Germany's economic sentiment takes a dramatic fall as outlook worsens Germany's economic sentiment plunged to an 11-month low in September, with the ZEW index dropping sharply. Economic outlook worsened across key German industries, impacting the broader eurozone morale. 17/09/2024
Markets Markets look ahead: EU CPI, BoE, BoJ, and Fed rate decisions in focus This week is packed with critical economic data and events, shaping global market sentiment. Three major central banks are scheduled to hold policy meetings and make decisions on their interest rates. 16/09/2024
Business ECB interest rate cut: How will it impact your personal finances? The European Central Bank (ECB) cut interest rates for the second time this year on Thursday 12 September. Euronews Business asked the experts how it might impact your personal finances. 13/09/2024
Economy Will the ECB cut interest rates again in October? Analysts weigh in Analysts are divided on whether the ECB will cut rates again in October, with some expecting a pause until December. Key factors include wage pressures, inflation data, and oil prices. Most agree on gradual easing, with more cuts likely into 2025. 13/09/2024
Markets Weekly recap: European Central Bank rate cut sparks market rally Global stock markets were mostly positive this week, buoyed by optimism over central banks' rate cuts. The ECB’s second rate reduction of the year fuelled a market rally across Europe. 13/09/2024
Economy ECB's Lagarde reaffirms data-driven approach to future rate decisions ECB President Christine Lagarde reaffirms a data-driven approach to rate decisions while urging structural reforms, citing Mario Draghi's competitiveness report. The ECB lowered its deposit rate by 25 basis points, with inflation and growth forecasts largely unchanged. 12/09/2024
Economy European Central Bank cuts interest rates again as inflation slows The European Central Bank (ECB) has cut its key interest rates as the markets expected, marking its second reduction this year following a move in June. 12/09/2024
Economy Spotlight shifts to ECB as US CPI weakens case for Fed jumbo rate cut European markets may be bracing for a hawkish rate cut from the European Central Bank, following higher-than-expected US inflation data, which dampened hopes for a significant rate reduction by the Federal Reserve. 12/09/2024
Economy German inflation rate dips to lowest level in more than three years The news raises hopes for another rate cut from the European Central Bank, with the policy committee set to meet this Thursday. 10/09/2024
Business HSBC looks to cut costs through merger of major divisions The new unit would surpass the current wealth and personal banking division in size and would house more than 90,000 employees. However, the merger could lead to job cuts in areas where there are overlapping roles. 10/09/2024
Economy Will the European Central Bank cut interest rates as expected? The European Central Bank is expected to cut interest rates on September 12 due to falling inflation and sluggish growth. Analysts predict a 25 basis point reduction in the deposit rate. Further cuts may follow in December and throughout 2025, with inflation and economic forecasts set to be revised. 10/09/2024
Markets Markets weekly look ahead: ECB rate decision in the spotlight This week, the European Central Bank (ECB) is poised to decide on interest rates, a key event for both European stock markets and the euro. On a global scale, the release of the US monthly Consumer Price Index (CPI) is also of great importance, as it will significantly influence the broad sentiment. 09/09/2024
Business European Central Bank approves BBVA’s offer for Banco Sabadell Although the European Central Bank (ECB) has approved this offer, BBVA still needs other regulatory approvals for the acquisition to be completed. 06/09/2024
Economy ECB rate cut looking more likely as eurozone growth downwardly revised Eurozone growth for the second quarter was revised down to 0.2%, marking a slowdown compared to the first quarter. Germany contracted, while Spain saw strong growth. The ECB is expected to cut rates by 25bps next week. 06/09/2024
Economy Why are German stocks at record highs despite looming recession? The DAX hit record highs, defying Germany's grim economic outlook. Despite a recession risk, SAP's AI-driven growth has significantly boosted the index, contrasting sharply with the decline in major automotive stocks. 03/09/2024
Economy Bank of France Governor adds voice to calls for ECB September rate cut Bank of France Governor François Villeroy de Galhau supports a September ECB rate cut, citing declining eurozone inflation. Meanwhile, analysts downplay the impact of services inflation. 02/09/2024
Markets Week ahead in the markets: Eurozone to confirm the second quarter GDP Global markets will focus on key economic data from the major economies, including the Eurozone’s final GDP for the second quarter, Switzerland’s inflation and economic growth, and the US jobs data, which are set to shape financial markets’ future trends. 02/09/2024
Economy Eurozone inflation hits over 3-year low: Are ECB rate cuts looming? Eurozone annual inflation fell to 2.2% in August 2024, yet core inflation, driven by persistent services costs, remains stubborn. ECB’s Schnabel urges caution regarding potential rate cuts. 30/08/2024