Core inflation has improved recently, but the ECB is cautious due to fluctuating oil prices that could rekindle headline inflation. Another ECB interest rate hike is viewed as unlikely at present. Monetary data, economic indicators, and wage growth suggest a more stable underlying inflation trend.
Tag - europe news
It will be the hottest week of September, with four central banks’ meetings, five PMI releases, and a lot to trade.
On Thursday, the European Central Bank is expected to hike interest rates by a quarter percentage point to 3.75%. After July, the certainty of further rate hikes is unclear, leading to a craving for guidance in financial markets
More Bitcoin ETFs, BRICS becomes stronger, and gold upside chances. There’s nothing better than a cup of fresh news in the morning.
The European economy trudged along with meager growth from the first quarter, lacking the oomph needed to gain momentum. As inflation persists and groceries become pricier, people become more reluctant to part with their hard-earned paychecks. The recent 0.1% increase from the previous quarter falls short of expectations, and the United States isn't faring much better, fueling concerns of a potential recession in the world's largest economy.
The US Consumer sentiment will shake the market today. We are back with more news for you to enjoy!
It's no longer news that Eurozone's headline inflation rate rose in April, exceeding the European Central Bank's target. Eurostat's preliminary data revealed that the headline inflation rate reached 7% last month, a 0.1% rise from 6.9% in March. In contrast, core inflation, which excludes food and energy prices, unexpectedly slowed to 5.6% in April. The latest figures come right after the ECB's policy decision on Thursday, 4th of May, with market players...
Happy labor day, traders! This week is one of the most important weeks ahead. FOMC statement will define how the markets will move in May, and US NFP will surely add fuel to the fire.
Welcome to April, folks! This week has already brought us a huge leap in some assets. We’ll talk about them later; now, let’s look at the most expected events of upcoming trading sessions.
In today's article, we will be performing an interesting analytical experiment - Correlation! To start, I have chosen a few indices that we will be observing. It's just like we're analyzing...
What a day was yesterday! Let’s jump right in!
The European Central Bank (ECB) raised its interest rates by 0.5% to 3%, as planned, to combat inflation, despite some investors'...