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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.

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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.

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.

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.

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