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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

Rate-cut hopes add sparkle for gold and silver as prices rise

Precious metal prices gained amid growing bets for central banks to commence rate-cut cycles, with gold and silver rising toward the all-time highs seen in May.

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

UK investors 'not satisfied' with portfolio performance - says report

Many UK investors have been dissatisfied with their portfolio performances over the last year, according to new research by investment firm RAW Capital Partners.

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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.

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

Prospects brighten as Turkey taken off money laundering 'grey list'

In a landmark move, Turkey has now been taken off the Financial Action Task Force (FATF)’s "grey list", a decision which is expected to go a long way in supporting the country's economic recovery.

Markets

Ahead in markets: The focus remains on EU inflation and US jobs data

The week will be focused on key economic data and political events including the euro area’s inflation readings, jobs data from the US, and the UK’s general election.

Markets

Weekly recap: Political jitters still weigh on market sentiment

European markets are mostly lower for the week as political uncertainties continue to weigh on sentiment. The selloff in the French stock markets resumed ahead of the parliamentary election.

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.

Business

Fall in UK salary levels fuels hopes of future interest rate cuts

Salaries have fallen for the first time in six months, boosting hopes of a Bank of England rate cut later this summer.

Economy

IMF's roadmap for Europe: More green investment and market integration

The IMF recommends Europe implement strategic macroeconomic policies, structural reforms, and increased green investment to address challenges such as reduced fiscal buffers, an ageing population, and low productivity growth.

Economy

Swiss central bank cuts interest rates for second time this year

The Swiss National Bank cut interest rates for a second time running in response to predictions of cooling inflation. The country’s key banking and financial services sector has been under pressure recently from the rising dominance of other financial hubs such as Hong Kong, Singapore and the US.

Economy

Bank of England keeps rate on hold: Investors betting on August cut

The Bank of England kept the Bank Rate at 5.25% in June, with two MPC members favouring a 0.25% cut. Inflation rate hit the 2% target in May, yet policymakers continue to advise caution to interest rate cuts.

Economy

Krone rises as Norway holds firm over interest rate decision

Unlike its counterparts for Sweden, Switzerland and the euro zone, Norges Bank is holding back on interest rate cuts.

Economy

BoE rate decision: No change despite latest drop in inflation

The Bank of England has left the interest rate on hold, even though inflation has now fallen to its target level of 2%.

Economy

UK inflation rate hits target of 2%: Is this a signal for rate cuts?

The United Kingdom's overall inflation rate fell to 2% year-on-year in May, hitting the Bank of England's target for the first time since July 2021, just ahead of the bank's June meeting.

Business

Hargreaves Lansdown set to back consortium's euro billions bid

This proposed offer of €6.3bn for the UK's largest stockbroker follows three previous approaches from the consortium in recent months.

Economy

Hungary moves on interest rate as inflation creeps up

A further reduction comes on the back of more than a year of rate cuts, although a drop in the forint is curtailing dramatic changes.