EUROPEAN INTEREST
Inflation is down in Europe. But the European Central Bank is in no hurry to make more rate cuts In June, inflation in the eurozone fell slightly to 2.5%, above the European Central Bank's target. The ECB remains cautious about adding more rate cuts after a recent reduction. Inflation is expected to remain between 2% and 3%. ECB President Lagar...
02 Jul, 2024, 02.59 PM ISTCharting the global economy: Inflation ebbs in US, France, Spain With inflation settling down in many European economies, there are signs that central banks in the areas could reduce interest rates.
30 Jun, 2024, 10.18 AM ISTGold prices hover near two-week low on firm dollar, yields Gold prices reflect global economic uncertainties amidst discussions on interest rates by central banks, impacting market sentiments. The interplay between various economic indicators and policy decisions continues to shape the trajectory of gold as...
27 Jun, 2024, 07.29 AM IST- ADVERTISEMENT
Made in India Netra, Pinaka Systems attract European, Southeast Asian interest The AEWC is a system developed by the Centre for Airborne Systems and two of their aircraft are already flying with the Indian Air Force giving wide coverage of the adversaries' activities along both western and northern front of the country. The In...
19 Jun, 2024, 09.02 PM ISTDollar eases against euro as European political jitters subside The dollar was modestly weaker against the euro on Monday, as the common currency recovered from the more than one-month lows hit last week driven by political turmoil in Europe.
17 Jun, 2024, 08.51 PM ISTChina warns EU tariffs on EVs would 'harm' Europe's interests China criticised the EU's planned additional tariffs on Chinese electric vehicles, warning of harm to Europe's own interests and condemning it as protectionism. The EU Commission is expected to impose fresh duties, potentially up to 25 per cent on t...
12 Jun, 2024, 01.58 PM ISTDollar clings to eight-week low ahead of payrolls test The dollar's performance is influenced by ECB President's stance on easing, Bank of Japan's upcoming policy decision, and foreign exchange intervention concerns.
08 Jun, 2024, 09.29 AM ISTOil prices climb as OPEC+ reassures markets, ECB cuts interest rate Oil prices rose as OPEC+ members Saudi Arabia and Russia hinted at output adjustments. Brent crude futures reached $80.03 per barrel, and U.S. West Texas Intermediate crude futures hit $75.71. Europe's interest rate cut raised expectations of a simi...
07 Jun, 2024, 08.25 AM ISTStocks and bonds fall in run-up to US Jobs report Stocks and bonds lost steam ahead of the US jobs report, impacting the Federal Reserve's next steps. Traders refrained from big bets as equities retreated from all time highs.
07 Jun, 2024, 08.10 AM ISTDollar hovers near 8-week low as payrolls test looms The U.S. dollar index remained stable near 104.13, hinting at a potential 0.5% decline for the week due to expectations of Fed rate cuts. Traders anticipate a softer non-farm payrolls report, possibly below the 185,000 forecast.
07 Jun, 2024, 07.44 AM ISTEuropean shares close shy of record after ECB delivers first rate-cut in five years In new forecasts, the ECB said it expected inflation to average 2.2% in 2025 - up from a previous estimate of 2.0% and meaning it was now seen holding above the central bank's 2% target well into next year. ECB President Christine Lagarde said that ...
07 Jun, 2024, 12.05 AM ISTWorld stocks at record high after cautious ECB rate cut It was enough to snip the pan-European STOXX 600's gains back to 0.6%, while the euro inched up to almost $1.0890 against the dollar and government bond yields - which reflect borrowing costs and move inversely to price - ticked up too.
06 Jun, 2024, 09.03 PM ISTECB cuts rates, keeps next move under wraps The European Central Bank cut interest rates for the first time in five years, lowering the deposit rate to 3.75%. The move came in response to inflation uncertainty following a slowdown. This move is seen as the start of an easing cycle, but future...
06 Jun, 2024, 06.00 PM ISTEuropean stocks at record on tech and ECB bets The pan-European STOXX 600 benchmark rose by 0.7%, with the technology subindex surging 2.6%, driven by significant gains from Wall Street's tech giants.
06 Jun, 2024, 05.32 PM ISTEuropean shares rebound tracking global sentiment on soft US jobs data European shares opened higher on Wednesday, mirroring global sentiment as a soft U.S. labour market data firmed bets of a rate cut from the Federal Reserve, ahead of the European Central Bank's key rate verdict later this week.
05 Jun, 2024, 01.37 PM ISTEuropean shares slip as energy counters weigh European shares slipped on Tuesday as weakness in crude prices dragged energy stocks, while investors refrained from placing huge bets before the European Central Bank's interest rate decision later this week.
04 Jun, 2024, 02.31 PM ISTECB to start rate cuts but sticky inflation clouds path ahead The European Central Bank (ECB) is set to reduce eurozone interest rates from historic highs this week, with a quarter-point cut expected on Thursday, lowering the key deposit rate to 3.75%. Despite the reduction, persistent inflation and stronger-t...
03 Jun, 2024, 09.19 AM ISTEuropean shares fall as rising bond yields renew rate jitters European shares declined on Wednesday as rising bond yields globally spurred concerns of interest rates staying elevated for longer, even as investors awaited more economic data to firm up bets on rate cuts.
29 May, 2024, 01.00 PM ISTEuropean shares struggle for direction ahead of ECB's inflation surveys European shares were subdued as investors awaited inflation surveys for insights on the ECB's monetary policy, with Germany's DAX up 0.2% post a 1.8% fall in April's wholesale prices.
28 May, 2024, 01.23 PM ISTEuropean shares rise as chipmakers bounce on Nvidia forecast European stocks edged higher on Thursday after strong forecasts from AI darling Nvidia lifted global chipmakers, while investors awaited the latest business surveys to gauge the euro zone economy's outlook and interest rate path.
23 May, 2024, 01.00 PM IST