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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.

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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.

Economy

Fed clears path for rate cuts: Powell lifts stocks and gold higher

The Federal Reserve has set the stage for interest rate cuts later this year, indicating a shift from its long-standing restrictive policy. March's FOMC meeting kept rates stable but hinted at three cuts in 2024. The projection spiked investor confidence, pushing the S&P 500 and gold to record highs

Economy

Germany's commercial real estate plunge could be a threat for banks

Germany's commercial real estate crisis could mean trouble for the country's banks due to their high exposure to the sector.

Economy

Bank of Japan ends opts for first interest rate hike in 17 years

Japan's central bank has decided to end its era of negative interest rates following signs that the country's decades-long deflation is coming to an end.

Economy

IMF: Emerging European economies need high interest rates for longer

Inflation is proving more stubborn in central, eastern and southeastern Europe, says the International Monetary Fund, meaning a soft landing must be handled carefully.

Economy

Ukraine slashes interest rates to 14.5%, Finnish inflation slides

Sweden and Spain also saw slowing inflation, helped by food and non-alcoholic beverage prices falling, as well as clothing and footwear prices.

Economy

UK unemployment rises and wage growth cools

Weakness in the job market suggests inflationary pressures are easing, although the Bank of England will likely remain cautious about rate cuts.

Economy

Cash no longer king - how Britain makes a mint from cards

The Treasury is making a mint from Britain's increasingly cash-free society.

Markets

Gold prices reach all-time highs: Which European stocks may benefit?

Gold prices hit a record high, as markets eye potential Fed rate cuts in 2024.

Economy

Market enthusiasm on rate cuts meets Lagarde's prudence

ECB President Christine Lagarde emphasises caution on rate cuts after the central bank kept interest rates at record high on Thursday.

Economy

ECB keeps rates at a record: Inflation expected to hit 2% by 2025

The ECB kept its benchmark interest rates on hold in March, noting a further decline in inflation. Price pressures are now expected to reach the 2% target by 2025.

Economy

ECB likely to keep interest rates at record highs at March meeting

The ECB has been vocal about the need for more conclusive evidence of declining inflation and cooling labour markets, before cutting rates.