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Economy

ECB's Schnabel advocates gradual cuts, flags Trump's trade risks

Interest rates are nearing neutral territory, ECB's Isabel Schnabel has said, backing gradual cuts amid persistent inflation. She highlighted risks from Donald Trump’s trade policies, noting potential economic shocks for Europe as tariffs loom over export-heavy economies.

Economy

Central Bank of Turkey keeps key interest rate unchanged

The Central Bank of Turkey held the key interest rate at 50% at its November meeting, for the eighth month in a row. However, investors are becoming more hopeful that a rate cut may be around the corner, as inflation expectations improve.

Economy

UK inflation rises to 2.3% as energy bills push up consumer prices

Inflation in the UK rose sharply to a six-month high in October, above the BOE's 2% target, scaling back bets that there will be further cuts in borrowing rates this year.

Markets

Weekly Recap: European stocks underperform global peers

Global stock markets are set to end the week on a strong note amid the US election and China's highly anticipated additional stimulus measures. However, European benchmarks underperformed global peers due to economic concerns and political instability.

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Economy

Eurozone's economic forecasts slashed following Trump victory

The uncertainty surrounding Trump’s trade policies will hinder growth in the eurozone, according to economists from Goldman Sachs.

Economy

Fed cuts rates as Powell ignores Trump-fuelled inflation risk

The US Federal Reserve has lowered rates by 0.25%, as expected. Markets see potential for a further cut in December, while concerns rise over fiscal impacts and inflation under a Trump presidency.

Economy

Sweden cuts key interest rate to boost staggering economy

Sweden cuts its key rate by 0.5 percentage points to 2.75%, the largest reduction in over a decade.

Economy

Federal Reserve set to cut rates as post-election uncertainty grows

The US Federal Reserve is set to cut interest rates again this week as post-election uncertainty grows.

Economy

Russian central bank hikes interest rate to record-high 21%

Russia's central bank has hiked the key interest rate by 200 basis points to a record-high 21% in a bid to fight inflation, fuelled by military spending.

Markets

Weekly recap: Uncertainty moves markets into retreat from highs

Global markets are set to finish the week lower due to uncertainties surrounding the economic and political landscape ahead of the US presidential election and the Japanese general election. Risk-off sentiment shaped market trends as precious metal prices surged.

Economy

Will the European Central Bank opt for a large rate cut in December?

Money markets see an increased likelihood of the European Central Bank (ECB) deepening its rate cuts in December following weak economic data. However, analysts expect the bank to maintain a gradual approach to rate reductions due to the persistent upside risks in inflation.

Economy

ECB watchers see more rate cuts to come after October decision

Economists expect the ECB to continue rate cuts, aiming for 2% by mid-2025. Lagarde's focus on downside inflation risks and weak growth signals further easing.

Markets

Markets weekly recap: DAX hits a new high as the ECB cuts

Stock markets on both sides of the Atlantic will likely end the week on a positive note, with sentiment buoyed by the European Central Bank’s (ECB) rate cut and robust US corporate earnings. In contrast, Chinese stocks continued their retreat as optimism from the recent market frenzy faded.

Economy

ECB rate cuts: 'We're breaking the neck of inflation,' says Lagarde

Inflation is on track to hit the medium-term 2% target in 2025. The ECB remains data-dependent, with no pre-commitment to future rate changes.

Economy

ECB cuts rates again as inflation falls below target

The 25 basis point cut, expected by analysts, arrives against a backdrop of settling inflation and anaemic growth.

Markets

Euro under pressure ahead of European Central Bank rate decision

The euro began its downtrend against the US dollar at the end of September after reaching a 15-month high. Despite a potential near-term rebound, analysts suggest the euro's weakness may persist.

Markets

Where to look for top-performing European stocks as interest rates dip

As interest rates fall, European stocks in sectors such as financials, consumer discretionary, and industrials tend to outperform. These sectors benefit from lower borrowing costs, increased consumer spending, and higher capital investments, driving market gains.

Economy

UK inflation falls to 3-year low boosting hopes for another rate cut

Lower air fares and petrol prices dragged down price increases in September in the UK, prompting hopes that there will be another interest rate cut on the cards.

Markets

Week ahead in the markets: ECB rate decision takes centre stage

The European Central Bank (ECB) is expected to announce a 0.25% rate cut this week, marking the third reduction this year. Key economic data from China, the UK, and the US will also be in focus, including China's GDP and UK inflation.

Markets

Weekly recap: Stocks mixed as geopolitical tensions appear to be ease

Global stock markets rose on optimism surrounding potential ceasefire talks in the Middle East. However, the rally lost steam after the US reported a hotter-than-expected CPI by the end of the week. Notably, the semiconductor sector posted gains due to strong demand forecasts for AI chips.

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