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Markets
Week ahead in the markets: ECB rate decision takes centre stage
The European Central Bank (ECB) is expected to announce a 0.25% rate cut this week, marking the third reduction this year. Key economic data from China, the UK, and the US will also be in focus, including China's GDP and UK inflation.
Economy
What do economists think of France's emergency debt crisis budget?
France's 2025 budget plan targets €60bn in spending cuts and tax hikes to reduce the deficit to 5% of GDP. However, economists remain sceptical, with some forecasting a higher deficit and lower growth, raising concerns about the sustainability of tax-driven consolidation.
Economy
ECB highlights 'fragile' economic recovery, praises Draghi's reforms
The ECB cut rates by 25 basis points in September, citing "appropriate" action due to disinflation and a "fragile" recovery, meeting account shows. Risks to growth remain tilted to the downside. Policymakers urged structural reforms, as highlighted by Draghi.
Economy
Germany's economic struggles deepen: A back-to-back recession looms
Germany's economic downturn deepens with a projected contraction in 2024, marking its second consecutive year of decline. Manufacturing struggles and global competition, especially from China, highlight structural issues. Growth is expected to return in 2025.
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Markets
European stock markets conclude lacklustre month with mixed results
European stock markets underperformed compared to their US and Chinese counterparts in September, primarily due to a lack of local catalysts and a dependence on global events. However, luxury consumer stocks excelled, driven by optimism surrounding a swift recovery in Chinese demand.
Business
Lagarde supports bank mergers as UniCredit-Commerzbank talks intensify
The ECB has indicated its support for UniCredit’s potential full takeover of Commerzbank, as cross-border banking mergers align with the single market’s unity strategy, enhancing the competitiveness of the European banking system on a global scale.
Markets
Markets week ahead: Spotlight on eurozone inflation and US employment
This week, markets will focus on upcoming economic data, including eurozone inflation, US non-farm payrolls, and China’s business activity figures. This data will be critical for investors assessing the global economic trajectory and the potential direction of central bank rate policies.
Markets
Markets round-up: China growth measures drive up European stocks
Chinese stimulus policies boosted stock markets across Europe, particularly in sectors more exposed to Chinese consumer demand, such as luxury and automotive stocks. Both the Euro Stoxx 600 and the DAX reached new record highs.
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).
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.
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.