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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.

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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.

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.

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.

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