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Markets

Market lookahead: All eye set on BoE, SNB and RBA rate decisions

Three central banks - the Bank of England (BoE), the Swiss National Bank (SNB), and the Reserve Bank of Australia (RBA) - are set to decide on interest rates this week, potentially driving market volatility.

Markets

Fed rate decision: European stock markets recoup most of earlier falls

European stock markets recoup most of their losses from earlier in the week following the release of US CPI data. Regional markets opened lower despite the Fed’s rate decision propelling Wall Street to all-time highs overnight.

Markets

Fed holds US interest rate steady with just one possible cut this year

The policymakers' forecast for one rate cut was down from a previous forecast of three, because inflation, having cooled in the past two months, remains persistently high.

Economy

German inflation on the rise again for the first time in five months

Increases in services and food costs contributed significantly to May's rise in German inflation, although energy prices continued to fall.

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Markets

Ahead in the markets: EU elections and US Fed rate decision in focus

The outcome of the EU Parliamentary Elections and the Federal Reserve’s (Fed) interest rate decision are set to shape the market trends this week.

My Europe Series

State of the Union: Low interest rates and food challenges

The European Central Bank's "historic" interest rate cut and the European Union's food challenges - both in agricultural production and food waste - are this week's top topics.

Economy

Eurozone economy growth thanks to increased household spending

In the first quarter of 2024, the eurozone economy grew by 0.3% compared with the previous quarter, according to the third estimate published by Eurostat, the statistical office of the European Union.

Markets

Weekly market recap: Record moment resumes as tech stocks lead the way

Risk-on sentiment prevailed in global markets as the Nvidia-led tech rally buoyed Wall Street, while the ECB’s rate cut sent the Euro Stoxx 600 to an all-time high.

Economy

ECB delivers a “hawkish” rate cut, Lagarde stresses data dependency

The ECB reduced interest rates by 25 basis points, signalling a moderation in monetary policy restrictions. However, Frankfurt also issued an upward revision to its inflation projections, now expecting headline inflation to average 2.5% in 2024 and 2.2% in 2025.

Economy

ECB expected to cut interest rates: What you need to know

The European Central Bank is expected to cut interest rates by 25 basis points at its meeting this afternoon, reducing the main refinancing rate to 4.25%, the marginal lending rate to 4.50%, and the deposit rate to 3.75%.

Markets

Week ahead: ECB rate decision and EU elections take centre stage

European financial markets are set to react to two major events: the European Central Bank's rate decision and the EU Parliamentary elections.

Economy

Eurozone inflation accelerates in May: Are ECB rate cuts in doubt?

The harmonised index of consumer prices rose by 2.6% year-on-year in May, surpassing forecasts. Core inflation also increased to 2.9%. This comes as the European Central Bank (ECB) prepares for a potential rate cut on June 6.

Markets

Weekly market recap: Stocks retreat amidst risk-averse sentiment

Global stock markets will likely extend their weekly losses as risk-off sentiment prevails ahead of the European Central Bank (ECB) and Federal Reserve (Fed) June rate decisions.

Economy

German inflation rises as consumer confidence hits 2-year high

Germany's annual inflation rose to 2.4% in May, matching forecasts, while the core rate held at 3.0%. Consumer sentiment improved to an over 2-year high as market watchers anticipate an ECB interest rate cut in June.

Economy

Fresh hint that ECB might be set to cut interest rates at June meeting

Eurozone inflation has dropped from above 10% at its 2022 peak to a near three-year low of 2.4% in April. Forecasts see a rise to 2.5% when May's data comes out later this week.

Business

UK wage rates still strong despite slowing jobs market

Official figures show wages in the UK have grown at a faster rate than expected. At the same time, the jobless rate increased to 4.3% between January and March, the highest since May to July last year.

Economy

Why might the euro continue to weaken against the US dollar?

The euro has shown a weakening trend against the US dollar since the start of the year. The decline can be attributed to divergence in inflation trajectories of the euro area and the US, suggesting a continuation of the euro's depreciation relative to the dollar.

Markets

Gold rush as metal holds onto its shine: What's behind the surge?

A number of factors have helped sustain the current wave of interest in gold. China's demand surge, the valuation of the US dollar, and the interest rate path of the Federal Reserve Bank (Fed) may all have had an impact on prices.

Economy

ECB signals a ‘plausible’ June rate cut as European equities surge

The latest minutes from the European Central Bank meeting indicated a rising chance for easing monetary policy in June. While a majority support maintaining current rates, a few members already advocated for immediate cuts in April.

Economy

BoE holds rates steady, sees inflation below target in two years

The Bank of England maintained interest rates at 5.25%, in a split decision with two members dissenting. Governor Andrew Bailey indicated it's premature to reduce rates. New forecasts project that price pressures will fall below the target within two years.