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Markets

Euro falls to two-month low as Fed shows no rush for further rate cuts

The euro weakened to a two-month low against the US dollar following the release of the Federal Reserve meeting minutes. The trend is likely to continue due to shifting expectations about the European Central Bank (ECB) and the Federal Reserve's approach to interest rate cuts.

Markets

Weekly recap: Markets retreat amid intensifying Middle East tensions

Global markets are set to end the week lower following the escalation of conflict between Iran and Israel. However, crude oil surged, boosting global energy stocks, alongside a rally in the European defence sector.

Economy

Eurozone inflation drops in September, falling below ECB's target

The drop below the target of 2% was mainly due to falling energy prices. However, the European economy may still not be out of the woods.

Business

Wero set to become Europe's first unified payment solution

Wero is set to become Europe's first sovereign payment solution as a key rival to Visa and Mastercard. Its rapid expansion and access to the Single Market positions it as a strong alternative to the US-based networks.

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Markets

Markets week ahead: Spotlight on eurozone inflation and US employment

This week, markets will focus on upcoming economic data, including eurozone inflation, US non-farm payrolls, and China’s business activity figures. This data will be critical for investors assessing the global economic trajectory and the potential direction of central bank rate policies.

Markets

Markets round-up: China growth measures drive up European stocks

Chinese stimulus policies boosted stock markets across Europe, particularly in sectors more exposed to Chinese consumer demand, such as luxury and automotive stocks. Both the Euro Stoxx 600 and the DAX reached new record highs.

Economy

Czech central bank cuts rates with more reductions expected

The move is in line with dovish signals from other central banks, notably rate cuts from the Fed and the ECB.

Economy

Sweden's Riksbank cuts interest rates and signals further easing ahead

Borrowing costs in Sweden are being lowered faster than previously predicted as inflation falls below target.

Economy

Hungary cuts key interest rate, buoyed by US Fed Reserve decision

Policymakers have reduced borrowing costs after a pause in August, although the base rate in Hungary is still the joint highest figure in the EU.

Markets

Markets lookahead: Manufacturing PMIs, SNB and RBA rate decision

This week is packed with key economic data and events, including manufacturing and services PMIs from major economies, alongside interest rate decisions from the Swiss National Bank (SNB) and the Reserve Bank of Australia (RBA).

Markets

Pound rockets to more than two-year high after BoE rate decision

Sterling soared to its highest level in two and a half years against the US dollar after the Bank of England held its interest rate steady, diverging from the Federal Reserve’s substantial rate cut.

Markets

Markets weekly recap: Risk-on boosted by Fed’s outsized rate cuts

Global stock markets are set for a positive weekly close following the Fed’s jumbo rate cuts. The Bank of England’s hawkish rhetoric has kept the Pound at a two-and-a-half-year high.

Economy

Norway holds its benchmark interest rate at 16-year high of 4.5%

Why is one of Europe’s best-performing economies not following in the ECB’s footsteps?

Economy

Bank of England keeps rates at 5%, propels pound to over 2-year highs

The Bank of England held rates at 5%, as largely expected. The pound surged against the dollar and euro, while the FTSE 100 dipped slightly. European stocks rallied following the Federal Reserve's rate cut.

Markets

What the Fed's jumbo rate cut means for European and global markets

The Fed's substantial rate cut could result in a further loosening of global liquidity, prompting a shift in capital across asset classes and stock sectors.

Economy

US Federal Reserve cuts benchmark interest rate by half-point

The Federal Reserve on Wednesday cut its benchmark interest rate by an unusually large half-point, a dramatic shift after more than two years of high rates helped tame inflation but that also made borrowing painfully expensive for American consumers.

Markets

How have European stocks previously reacted to Fed rate cuts?

Historically, European stocks have reacted positively to Fed rate cuts, especially when not linked to a recession. However, during recessions, market performance is volatile. The 2020 pandemic cut was an outlier, with stocks surging due to unprecedented global stimulus.

Economy

Bank of England set to hold rates steady as it eyes stubborn inflation

The Bank of England is set to announce its interest rate decision on Thursday, with market participants widely anticipating the rate to remain unchanged, given the unsupportive economic landscape.

Economy

US Federal Reserve set to cut interest rates for first time in 4 years

The US Federal Reserve is set to cut interest rates for the first time in 4 years later today.

Economy

Germany's economic sentiment takes a dramatic fall as outlook worsens

Germany's economic sentiment plunged to an 11-month low in September, with the ZEW index dropping sharply. Economic outlook worsened across key German industries, impacting the broader eurozone morale.

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