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Economy

Germany’s inflation rate tumbles to the lowest levels since March 2021

Germany's inflation rate dropped to 1.9% in August 2024, the lowest since March 2021, boosting expectations of ECB rate cuts. The euro and Bund yields fell, while the DAX index hit record highs.

Markets

Why has the euro rallied to a 13-month high against the dollar?

The euro has surged to a 13-month high against the dollar, benefiting from four weeks of gains as the Federal Reserve signals upcoming rate cuts.

Markets

Pound soars following Fed September rate cut signal at Jackson Hole

The British pound surged to its highest level against the US dollar given the Bank of England's less dovish stance compared to that of the Federal Reserve at the Jackson Hole Symposium on Friday.

Economy

EU inflation data in focus as ECB considers next interest rate move

The Eurozone is set to release its first estimate of inflation for August, offering clues about the ECB's interest rate decision in September. Nvidia's earnings results will also be in the spotlight as investors seek to gauge the trajectory of the AI industry.

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USA

US Federal Reserve says 'time has come' to cut interest rates

In his keynote speech at the Fed's annual economic conference in Jackson Hole, Jerome Powell emphasized that inflation, after the worst price spike in four decades inflicted pain on millions of households, appears largely under control.

Economy

ECB urges caution on interest rate cuts amid inflation uncertainty

The European Central Bank is cautious on potential rate cuts, emphasising flexibility ahead of the 12 September meeting. Policymakers highlight uncertainty in the economic outlook and the need for data-driven policy decisions.

Economy

Sweden cuts interest rate and says policy easing could speed up

Growth is weak in Sweden while inflation remains low, pushing policy makers to lower borrowing costs.

Markets

Markets recap: Risk-on sentiment returns amid optimism over rate cuts

Major stock markets are set to end the week on a positive note as the rebound continued amid optimism over rate cuts. Technology shares, in particular, experienced a broad rally driven by dip-buying.

Economy

US inflation comes in lower than expected in July

Inflation has taken a central role in the presidential election, with former President Donald Trump blaming the Biden administration's energy policies for the price increases.

Markets

Weekly recap: Markets remain mixed as dip-buying gains momentum

Global markets presented a mixed picture after a broad rebound on Thursday, with major indices recovering from their recent lows. Investors likely sought dip-buying opportunities following the significant sell-offs earlier in the week.

Markets

US stocks buoyant as investor sentiment eases after global sell-off

A rising tide swept stocks higher, and calm returned to Wall Street after Japan's market soared earlier Tuesday to claw back much of the losses from its worst day since 1987.

Economy

Eurozone sees drop in building work as demand remains weak

France saw its most dramatic fall in construction activity since January, while German firms continue to struggle.

Business

Global stocks plunge after tech-driven sell-off and US growth fears

The global sell-off on stock markets deepened as US jobless figures hit a three-year high. The unemployment rate rose to 4.3%, up from 4.1% and its highest level since October 2021.

Economy

Fed holds rates steady as Powell hints at a rate cut in September

Fed holds rates steady at 5.25-5.50%, yet Powell hints at a possible rate cut in September. Treasury yields fall, gold spikes, and US stock indices rally.

Economy

Eurozone inflation rises again in July: Are ECB rate cuts at risk?

Eurozone inflation rose to 2.6% in July, exceeding expectations and casting doubt on potential ECB interest rate cuts in September. Energy prices significantly contributed to the rise.

Economy

Hungary cuts key interest rates and vows careful and patient approach

Hungary's interest rate cut comes after the European Central Bank (ECB) chose to leave interest rates unchanged last week at its July meeting.

Economy

German construction sector looks set to see road blocks ahead

Despite receiving strong support and investment from the government, Germany's construction sector remains in the doldrums, with no sign of improvement any time soon, according to a respected analyst.

Economy

ECB’s Lagarde keeps September rate cut contingent on data

The ECB left rates unchanged in July, maintaining a data-dependent approach, with September's rate cut still undecided. Lagarde noted high domestic price pressures still weighing on inflation and potential tariffs risks weighing on exports.

Markets

Pound, euro, and gold surge as US dollar weakens

Both the euro and the British pound surged further against the US dollar, while gold prices hit a fresh high before pulling back on Wednesday. The dollar's weakness may continue to exert upside pressure on currencies and metal prices amid growing expectations of rate cuts by the Federal Reserve.

Economy

Corporate distress levels up in Germany but down in UK and France

Some of the most distressed sectors also continued to be retail, healthcare and property, especially burdened by the high cost of borrowing.

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