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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.

Economy

UK property listings soar - are buyers being put off by high rates?

Buyers and renters alike have been plagued with higher living costs, interest rates and economic uncertainty in the last few months, leading to dampened demand in the UK housing market.

Business

Crédit Agricole announces earnings jump while rival’s profits plummet

France’s second largest bank surpasses profit expectations while competitor Société Générale sees earnings dip.

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Economy

Large properties boost Britain's housing market despite high rates

Property prices rise to a near-record level in April, although buyers seeking smaller homes still face affordability challenges.

Markets

Markets report: Stocks rebound as fears ease over Middle East conflict

Stocks were seen on the rebound as investors showed relief that a wider conflict in the Middle East might be averted. Gold and the dollar eased back as crude oil prices slipped following Iran's Friday comments that it is not looking to retaliate after Israel's reported drone attack.

Economy

UK inflation drops to two and a half year low as food prices cool

Stabilising food inflation and falling house prices both contributed to UK inflation coming down further in March, leading to renewed hopes that the Bank of England might cut rates soon.

Economy

Here's why Germany's economy remains the most distressed in Europe

France and Germany's economies are the worst-performing in Europe, while the UK is seen as doing moderately well. On the up side, Spain and Italy are seeing distinctly more positive signs.

Business

Goldman Sachs profits surge ahead to beat forecasts

The Wall Street giant's investment banking and trading business drove the results past analysts' estimates.

Markets

Week ahead in the markets: Risk-aversion expected to take centre stage

Geopolitical tensions and central banks’ rhetoric on monetary policy will remain the focus of market participants, also Netflix is scheduled to release its Q1 earnings result this week.

Business

JPMorgan opens earnings season with profit rise and risk warning

JPMorgan reports a 6% rise in 1Q profits as bank earnings season begins. Wells Fargo profit falls.

Markets

Could the euro reach parity with the dollar as the ECB cuts rates?

As the ECB hints at potential interest rate cuts, contrasting with expectations of delayed US Fed easing due to high inflation, the euro faces downward pressure, hitting a six-month low below 1.07 against the dollar.

Markets

The week ahead on the markets with all eyes on the ECB's rate decision

This week, the European Central Bank (ECB) is scheduled to convene the monetary policy meeting, offering clues on the interest rate path and the economic outlook. Additionally, the US will release its March inflation data, steering the global market’s sentiment.

Economy

Eurozone construction falls on dampened housing activity in March

Reductions in commercial and civil engineering activity, as well as a decline in new business also contributed to this figure.

Markets

Weekly round-up: European markets lose steam amid bond jitters

The European stock markets saw a decline for the week due to spiking bond yields, as some US Federal Reserve officials maintained a hawkish stance on interest rates, which rippled through the global markets.

Economy

Eurozone economic pulse quickens: Can stocks surge further?

The Eurozone's private sector growth surges to a ten-month peak, fueled by a robust services sector. Investor confidence remains high, yet further stock market gains depend on continued disinflation and potential ECB rate cuts, with escalating oil prices posing a threat to stability.

Economy

Inflation cools in Germany as interest rates hamper growth

Prices increased more slowly than expected in March according to official figures, fuelling hopes for an ECB rate cut.

Economy

Spain's economy expands: Why is it outperforming its European peers?

Spain's Gross domestic product (GDP), the measure of value created through the production of goods and services, expanded 0.6% in the fourth quarter of 2023 from the previous quarter.

Economy

Turkey hikes interest rate to 50% in surprise move

The increase comes after a pause last month which led experts to believe another freeze would follow suit. Yet chronic inflation still persists.

Economy

Why the Swiss central bank made a surprise cut to its key interest

The Swiss National Bank (SNB) said on Thursday it is trimming its key interest rate, a surprise move that makes Switzerland the first major financial centre to announce a cut in recent months.

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