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Economy

EU banks amass high reserves despite booming payouts

Emergency funds at EU banks remain high whilst shareholders continue to profit from high interest rates.

Markets

Markets wrap: European stocks higher ahead of Fed rate decision

European stocks and the FTSE 100 were all trading higher on Wednesday morning ahead of the US Federal Reserve rate decision.

Markets

DAX reaches historic highs: What's behind the surge in German stocks?

The DAX index, comprising Germany's top 40 companies by market capitalisation, has reached unprecedented heights this week, surging past the 16,500-point mark, a level last witnessed in early August 2023.

Markets

World's biggest central banks gear up for crucial week for markets

Monetary policy decisions from some of the world's biggest central banks will take centre stage this week, against a backdrop of global speculation that they are finished with lifting key interest rates.

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Markets

Euro area sovereign bond yields decline on ECB rate cut expectations

In recent weeks, sovereign bond yields across the eurozone have experienced a significant downward trend, propelled by mounting market anticipation of forthcoming rate cuts by the European Central Bank (ECB) in 2024.

Economy

Euroviews. Will the ECB cut interest rates next year, and why does it matter?

The current mood indicates that the ECB will become the first central bank to cut rates. However, others are saying it is too early to pop open the champagne bottle as the fight against inflation is not over, Osama Rizvi writes.

Economy

Euroviews. In a recession, out of one, on the brink? Here’s where Europe stands

While the timing of the recession is difficult to predict, one thing that is for sure is that the downside potential to future economic growth of Europe is real, Osama Rizvi writes.

Economy

Euro area inflation slowdown brings ECB's 2% target back into focus

Inflation in the euro area has taken a significant dip, reaching its lowest level in over two years. Euronews Business breaks down the latest figures.

Economy

Rivers, birds, culture: ECB selects motifs for new euro banknotes

The EU's central bank is looking to shift from the windows and bridges that decorated the euro since its inception

Business

'What's the point?' — EU lawmakers sink teeth into digital euro

The ECB says issuing digital money will help it keep pace with technology — but some MEPs are unconvinced if not downright hostile

Economy

ECB threatens fines on banks failing to integrate climate risk

The European Central Bank will impose financial penalties on banks that take too long to address climate change risks in their business, a senior official has said.

Economy

ECB: Eurozone inflation could rebound in next months

Inflation could pick up temporarily while eurozone economic growth will remain weak in the near term, said European Central Bank Vice President Luis de Guindos.

Economy

Europe's central bank halts rate hikes for first time in over a year

The European Central Bank left its rates unchanged on Thursday, marking a pause in its restrictive monetary policy after 10 increases since July 2022.

Markets

European markets lower ahead of key ECB rate decision

The market's cautious mood comes after a wave of quarterly earnings reports, as traders ponder the ECB's next monetary policy moves due on Thursday.

Economy

Eurozone unemployment still at its lowest level in August, at 6.4%

Unemployment rates continue to decrease in countries that use the euro. For the European Union as a whole, the unemployment rate stood at 5.9% in August, the same as in May and June.

Economy

German inflation falls to its lowest level since start of Ukraine war

The inflation rate in Germany is expected to be 4.5% in September 2023.

Europe News

ECB interest rates to remain high for as long as needed - Lagarde

The President of the European Central Bank (ECB) Christine Lagarde signalled on Monday that borrowing costs may have reached their peak, but will remain high for as long as it takes to curb inflation.

Economy

Eurozone inflation revised down to 5.2% in August

Despite the decrease, inflation still remains far above the European Central Bank's 2% objective.

Economy

ECB hikes interest rates again, despite threat of recession

The decision raises the ECB’s benchmark deposit rate to 4%, up drastically from minus 0.5% just a little more than a year ago and the highest since the euro was established in 1999.

Economy

ECB criticises Italy's bank windfall tax plan

The widespread application of the tax would particularly harm "credit institutions that have lower solvency positions or are more focused on lending activity ... or have challenging capital projections," according to the ECB.