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Economy

EU inflation data in focus as ECB considers next interest rate move

The Eurozone is set to release its first estimate of inflation for August, offering clues about the ECB's interest rate decision in September. Nvidia's earnings results will also be in the spotlight as investors seek to gauge the trajectory of the AI industry.

Economy

ECB urges caution on interest rate cuts amid inflation uncertainty

The European Central Bank is cautious on potential rate cuts, emphasising flexibility ahead of the 12 September meeting. Policymakers highlight uncertainty in the economic outlook and the need for data-driven policy decisions.

Economy

Eurozone business activity sees Olympic boost, but Germany contracts

Eurozone business activity expanded in August, driven by a surge in the services sector, notably in France due to the Olympic Games. However, manufacturing continued its contraction, and Germany's private sector economy worsened, raising concerns about a potential recession.

Economy

Eurozone inflation at 2.6% in July as euro hits 9-month high

Eurozone inflation was confirmed at 2.6% year-on-year in July, up from 2.5% in June. The inflation rise, coupled with expectations for Federal Reserve rate cuts, have pushed the euro to a 9-month high against the US dollar.

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Markets

Weekly recap: Markets remain mixed as dip-buying gains momentum

Global markets presented a mixed picture after a broad rebound on Thursday, with major indices recovering from their recent lows. Investors likely sought dip-buying opportunities following the significant sell-offs earlier in the week.

Economy

BoE cuts interest rates in first drop in four years as inflation falls

The Bank of England cut interest rates by 0.25% to 5% with a narrow 5-4 vote, as inflation met the 2% target. This decision caused the British pound to weaken and led to a slight rebound in UK equities.

Economy

Fed holds rates steady as Powell hints at a rate cut in September

Fed holds rates steady at 5.25-5.50%, yet Powell hints at a possible rate cut in September. Treasury yields fall, gold spikes, and US stock indices rally.

Economy

Eurozone inflation rises again in July: Are ECB rate cuts at risk?

Eurozone inflation rose to 2.6% in July, exceeding expectations and casting doubt on potential ECB interest rate cuts in September. Energy prices significantly contributed to the rise.

Economy

Germany's business climate worsens in July: European stocks plunge

Germany's business sentiment worsened more than expected in July, marking the second consecutive monthly decline, bolstering fears that the Eurozone's largest economy is once again under pressure.

Economy

ECB’s Lagarde keeps September rate cut contingent on data

The ECB left rates unchanged in July, maintaining a data-dependent approach, with September's rate cut still undecided. Lagarde noted high domestic price pressures still weighing on inflation and potential tariffs risks weighing on exports.

Economy

ECB meeting preview: No surprise cut in July, all eyes on September

Following June’s rate cut, the ECB is expected to maintain rates steady at its July meeting, awaiting September economic projections. Divisions widen between hawk and dove members, while analysts anticipate two more cuts by year-end.

Markets

Ahead In the markets this week: ECB rate decision takes centre stage

This week, the European Central Bank (ECB) will decide on the interest rate, a decision critical for the European stock market and the Euro’s trend.

Markets

Weekly recap: Easing political uncertainties bolster market resilience

Global markets remained resilient throughout the week due to heightened expectations that central banks would commit to interest rate cuts. Monthly inflation in the United States was cooler than anticipated, while European markets rebounded amid easing political concerns.

Markets

UK interest rates should stay on hold this summer, warns BOE official

The UK's jobs market is currently too strong to start cutting interest rates, says BOE Monetary Policy Committee member Jonathan Haskell.

Economy

ECB raises concerns over delayed rate cuts, but hawks object

The latest ECB monetary policy accounts reveal officials made a judgement call to cut rates, fearing that waiting too long for inflation confirmation would increase the risk of undershooting the 2% target.

Economy

ECB’s Lagarde foresees a bumpy road to 2% inflation amid uncertainties

ECB President Christine Lagarde highlighted the complex journey towards the 2% inflation target at the ECB Forum on Central Banking in Sintra.

Business

Revolut CEO hopeful that UK banking licence is coming soon

The fintech company saw record full-year pre-tax profits in 2023, and hopes that will help convince the UK authorities to grant it a banking licence.

Economy

Eurozone inflation slows to 2.5% in June, boosting ECB rate cut hopes

Eurozone inflation eased to 2.5% in June, in line with expectations. Belgium's inflation hit a 10-month high, while Germany saw a decline.

Economy

German inflation sees fall in June after May's surprise rise

The latest figure may reassure investors that Germany's inflation is still on a downward trend, despite May's surprise spike.

Economy

Bank of America sees ECB rate cuts if French polls unsettle markets

The ECB may accelerate its rate-cutting cycle if French developments tighten financial conditions, according to Bank of America.