Economy Will the European Central Bank cut interest rates as expected? The European Central Bank is expected to cut interest rates on September 12 due to falling inflation and sluggish growth. Analysts predict a 25 basis point reduction in the deposit rate. Further cuts may follow in December and throughout 2025, with inflation and economic forecasts set to be revised. 10/09/2024
Markets Markets weekly look ahead: ECB rate decision in the spotlight This week, the European Central Bank (ECB) is poised to decide on interest rates, a key event for both European stock markets and the euro. On a global scale, the release of the US monthly Consumer Price Index (CPI) is also of great importance, as it will significantly influence the broad sentiment. 09/09/2024
Business European Central Bank approves BBVA’s offer for Banco Sabadell Although the European Central Bank (ECB) has approved this offer, BBVA still needs other regulatory approvals for the acquisition to be completed. 06/09/2024
Economy ECB rate cut looking more likely as eurozone growth downwardly revised Eurozone growth for the second quarter was revised down to 0.2%, marking a slowdown compared to the first quarter. Germany contracted, while Spain saw strong growth. The ECB is expected to cut rates by 25bps next week. 06/09/2024
Economy Why are German stocks at record highs despite looming recession? The DAX hit record highs, defying Germany's grim economic outlook. Despite a recession risk, SAP's AI-driven growth has significantly boosted the index, contrasting sharply with the decline in major automotive stocks. 03/09/2024
Economy Bank of France Governor adds voice to calls for ECB September rate cut Bank of France Governor François Villeroy de Galhau supports a September ECB rate cut, citing declining eurozone inflation. Meanwhile, analysts downplay the impact of services inflation. 02/09/2024
Markets Week ahead in the markets: Eurozone to confirm the second quarter GDP Global markets will focus on key economic data from the major economies, including the Eurozone’s final GDP for the second quarter, Switzerland’s inflation and economic growth, and the US jobs data, which are set to shape financial markets’ future trends. 02/09/2024
Economy Eurozone inflation hits over 3-year low: Are ECB rate cuts looming? Eurozone annual inflation fell to 2.2% in August 2024, yet core inflation, driven by persistent services costs, remains stubborn. ECB’s Schnabel urges caution regarding potential rate cuts. 30/08/2024
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. 26/08/2024
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. 22/08/2024
Economy Eurozone business activity sees Olympic boost, but Germany contracts Eurozone business activity expanded in August, driven by a surge in the services sector, notably in France due to the Olympic Games. However, manufacturing continued its contraction, and Germany's private sector economy worsened, raising concerns about a potential recession. 22/08/2024
Economy Eurozone inflation at 2.6% in July as euro hits 9-month high Eurozone inflation was confirmed at 2.6% year-on-year in July, up from 2.5% in June. The inflation rise, coupled with expectations for Federal Reserve rate cuts, have pushed the euro to a 9-month high against the US dollar. 20/08/2024
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. 09/08/2024
Economy BoE cuts interest rates in first drop in four years as inflation falls The Bank of England cut interest rates by 0.25% to 5% with a narrow 5-4 vote, as inflation met the 2% target. This decision caused the British pound to weaken and led to a slight rebound in UK equities. 01/08/2024
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. 01/08/2024
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. 31/07/2024
Economy Germany's business climate worsens in July: European stocks plunge Germany's business sentiment worsened more than expected in July, marking the second consecutive monthly decline, bolstering fears that the Eurozone's largest economy is once again under pressure. 25/07/2024
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. 18/07/2024
Economy ECB meeting preview: No surprise cut in July, all eyes on September Following June’s rate cut, the ECB is expected to maintain rates steady at its July meeting, awaiting September economic projections. Divisions widen between hawk and dove members, while analysts anticipate two more cuts by year-end. 17/07/2024
Markets Ahead In the markets this week: ECB rate decision takes centre stage This week, the European Central Bank (ECB) will decide on the interest rate, a decision critical for the European stock market and the Euro’s trend. 15/07/2024