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Economy

Eurozone sees drop in building work as demand remains weak

France saw its most dramatic fall in construction activity since January, while German firms continue to struggle.

Business

Global stocks plunge after tech-driven sell-off and US growth fears

The global sell-off on stock markets deepened as US jobless figures hit a three-year high. The unemployment rate rose to 4.3%, up from 4.1% and its highest level since October 2021.

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.

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Economy

Hungary cuts key interest rates and vows careful and patient approach

Hungary's interest rate cut comes after the European Central Bank (ECB) chose to leave interest rates unchanged last week at its July meeting.

Economy

German construction sector looks set to see road blocks ahead

Despite receiving strong support and investment from the government, Germany's construction sector remains in the doldrums, with no sign of improvement any time soon, according to a respected analyst.

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.

Markets

Pound, euro, and gold surge as US dollar weakens

Both the euro and the British pound surged further against the US dollar, while gold prices hit a fresh high before pulling back on Wednesday. The dollar's weakness may continue to exert upside pressure on currencies and metal prices amid growing expectations of rate cuts by the Federal Reserve.

Economy

Corporate distress levels up in Germany but down in UK and France

Some of the most distressed sectors also continued to be retail, healthcare and property, especially burdened by the high cost of borrowing.

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

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.

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.

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