ECB
ECB advances digital euro, tokenised wholesale money at Fondazione ResPublica address
The European Central Bank outlined its digital payments roadmap, with the digital euro pilot set for late 2027 and potential issuance in 2029, alongside new wholesale infrastructure called Pontes and Appia.
Moulin Warns ECB Cannot Guarantee France’s Sovereign Debt Stability
France’s Bank of France Governor Emmanuel Moulin dismissed reliance on the ECB to address rising borrowing costs, stressing fiscal discipline must remain national responsibility.
Eurozone business lending drops sharply amid ECB rate hikes
Corporate credit availability fell by half in August as higher borrowing costs weigh on business financing.
ECB's Vujcic Warns Diesel Prices Could Lift Broader Eurozone Inflation
ECB Vice President Boris Vujcic cautioned that persistently high energy costs may dampen growth, tempering market expectations for aggressive rate hikes.
European gas prices drop sharply amid profit-taking
European and British wholesale natural gas futures fell by 3.2% each on Friday, with both benchmarks on track for an 8% weekly loss, their steepest decline since mid-June.
UBS Forecasts SEK Weakness Amid Global Rate Pressures
Higher global interest rates and energy costs are expected to sustain downward pressure on the Swedish krona, despite domestic economic stability.
Euro Zone Business Lending Growth Eases to 4.2% in August
ECB data shows corporate credit expansion slows from mid-2023 highs while household lending remains steady at 3.1%.
Eurozone PMI hits 3½-year high amid Iran conflict, ECB inflation outlook raised
Business activity surged to its strongest level since April 2023 despite Middle East tensions and energy price pressures.
ECB's Schnabel Expected to Leave Early for IMF Post
The central banker's eight-year tenure was set to run through late 2027, but a switch to the International Monetary Fund may be announced as early as Thursday.
ECB Executive Board Member Isabel Schnabel to Join IMF as Financial Counsellor in January 2027
Schnabel will leave the ECB’s Executive Board on 3 January 2027 and assume the IMF post the following day, after receiving clearance from the ECB’s Ethics Committee. President Christine Lagarde praised her contributions to inflation targeting and institutional modernization.
ECB Director Isabel Schnabel to Join IMF in January 2027
ECB announced that director Isabel Schnabel will leave the central bank early, effective 3 Jan 2027, to head the IMF’s Money and Capital Markets Department from 4 Jan. Her eight‑year term was due to end at the end of 2027.
Banco de Sabadell Looks to Standalone Growth as Spain Economy Accelerates
The bank's CEO highlighted strong volume growth in Spain and a target return on tangible equity of 16% by 2027, as nominal GDP expands faster than the EU average.
ECB projects euro area inflation spike to 3% in 2026, growth to slow
The European Central Bank raised its 2027–2028 inflation forecasts and upgraded 2026–2027 GDP growth, projecting headline inflation at 3% next year as energy costs rebound.
Euro Yields Surge on Strong PMI Data, Boosting Case for More ECB Rate Hikes
Germany's 10-year Bund yield hit 3.549% as flash PMI data showed euro zone business activity accelerating at the fastest pace in over three years, stoking expectations the ECB will continue raising rates.
Trump Admin Weighs Overseas Push for Dollar-Backed Stablecoins
US officials are considering joint ventures with private firms to expand use of dollar stablecoins abroad and reinforce the greenback's reserve-currency status.
ECB opens merchant applications for 2027 digital euro pilot
The European Central Bank is inviting e-commerce and mobile-commerce operators in the euro area to apply by Oct. 27 for a 12-month beta pilot starting in the second half of 2027.
European gas jumps nearly 5% as JERA warns on low reserves
Natural gas prices hit their highest levels since late 2022 as storage remains far below seasonal norms and shipping disruptions in key transit corridors persist.
ECB's Kazaks says case for more monetary tightening is building
The ECB policymaker signaled that conditions are shifting in favor of additional rate increases.
ECB Pushes for Wider Stablecoin Yield Ban, Liquidity Rules in EU
Central banks propose expanding restrictions on stablecoin yields to crypto lending and staking, and overhaul reserve requirements under MiCA.
Euro area sovereign yields rise as French debt risk spikes
French OAT yields hit 4.5% and CDS spreads surge to 2020 highs, while German yields stay near 3.2% after the ECB lifted rates to 2.5%, raising concerns over euro‑zone fiscal health.
EU Gas Prices Rally on Storage Deficit and ECB Inflation Pressure
Dutch TTF and British NBP contracts climbed as Europe's underground storage lags the five-year average by 16 percentage points and ECB rate hikes reinforce inflation dynamics.
Frankfurt Stocks Fall on ECB Rate Hike and Oil Surge
Germany's DAX declined 0.84% after the ECB raised its deposit rate to 2.5% and inflation forecasts, while Middle East tensions drove crude prices higher and weighed on industrial shares.
European Stocks Slide After ECB Rate Hike as Oil Stays Above $100
The ECB's second interest-rate increase this year failed to calm markets. Brent crude remains above $100 and inflation concerns weighed on European equities, with mining stocks leading losses.
ECB's Panetta: AI gain distribution will shape inflation dynamics
Fabio Panetta warned that whether artificial intelligence boosts demand through new tasks or suppresses it via automation will determine the timing and magnitude of inflationary or disinflationary pressures.
Weidmann Warns EU Against Over-Reliance on Large Banks
Jens Weidmann, former Bundesbank president and ECB board member, urged Europe to prioritize banks with sustainable business models over sheer size, amid concerns over debt and regulatory burdens.
European Stocks Slide After ECB Lifts Rates to Highest Since April 2025
STOXX 600 fell 0.7% as the European Central Bank raised its deposit rate by 25 basis points to 2.50%, while Brent crude breached $100 a barrel amid surging eurozone inflation.
Euro Yields Hold Multi-Year Peaks as Crude Surges Ahead of Central Bank Decisions
German bunds stay near 13-year highs as Brent crude jumps to $112 a barrel on Middle East tensions, with Fed and ECB policymakers bracing for fresh inflationary pressure.
ECB wage tracker shows 2.7% negotiated wage growth projected for H1 2027
The ECB’s forward‑looking wage tracker, based on collective bargaining agreements signed through August 2026, indicates a modest rise in euro‑area wage pressures, with employee coverage still limited but expected to grow.
SMI drops 0.47%, oil above $100 weighs on global equities
Swiss benchmark closed lower as crude prices surpassed $100 a barrel for the first time since May, while ECB raised rates as expected and US producer prices came in hotter than forecast.
Daily International Economic & Financial Calendar: 21 September 2026
Key corporate and macro events include Unicredit EGM, Societe Generale capital markets day, Chicago Fed activity data, and Fed speaker Goolsbee.
Euro zone bond yields hold near multi-year peaks ahead of Fed rate decision
German Bund yields remain at their highest level since 2011, with short‑term Schatz rates near a three‑year high, as markets price a 92% chance of a 25‑basis‑point Federal Reserve hike. Brent crude stays above $113 a barrel, reinforcing inflation concerns that keep euro‑area debt yields elevated.
Euro Zone Yields Hold Near Multi-Year Peaks Ahead of Fed Decision
German bunds and schatz yields traded at levels unseen since 2011 and three years respectively as traders weighed a likely Fed rate hike and soaring Brent crude above $113.
Bitcoin dips below $77,000 as US PPI surprise lifts bond yields
Bitcoin fell about 2% to under $77,000 after US producer‑price index rose 5.4% YoY, pushing the 30‑year Treasury yield to 5.353%, its highest since 2007. Oil prices also surged past $100 per barrel.
ECB lifts key rate to 2.5% as Iran war fuels energy-driven inflation
The European Central Bank raised its deposit facility rate by 25 basis points to 2.5%, citing sustained inflation pressures from Middle East conflict and energy shocks that will keep prices well above target.
EUR/USD drops 0.3% after ECB raises rates by 25 bps
The euro slipped against the dollar following the European Central Bank’s 25-basis-point hike in key rates, testing critical technical support levels amid persistent inflation pressures.
US Stocks Slide as Inflation Fears Mount; Oil Surges Past $100 a Barrel
Dow, Nasdaq and S&P 500 all fell Thursday as hotter-than-expected producer prices stoked fears of further Fed rate hikes. WTI crude reclaimed $100 for the first time since May.
US Stocks Slip as Oil, Fed Rate Hike Fears Weigh on Markets
The Nasdaq 100 and S&P 500 gave up ground Thursday as rising oil prices, the ECB rate hike, and inflation concerns overshadowed chip-sector losses tied to Deepseek competition.
SNB Rate Decision Leads Busy Week of Global Central Bank Announcements
The Swiss National Bank joins Norges Bank, the Riksbank, and Banxico on Thursday's slate of policy meetings, alongside Chinese LPR decisions, global flash PMIs, and a US-China summit.
Lagarde Quashes Speculation on Early Exit, Eyes Post-ECB WEF Role
ECB President Christine Lagarde dismissed rumors of a premature departure, while director Isabel Schnabel is reportedly in talks with the IMF for a senior post.
Swiss franc hits 17-month low versus euro after ECB rate hike
The Swiss franc dropped to 0.9445 per euro following the ECB's quarter-point rate increase to 2.50%, widening the interest-rate gap with the SNB's unchanged zero rate.
ECB Raises Rates to 2.50% as Mideast Conflict Stokes Inflation Fears
The European Central Bank lifted its main deposit rate by 25 basis points and flagged persistent price pressures from the Iran war, lifting its inflation outlook for 2027 and 2028.
German equities fall after ECB raises interest rates
The DAX lost 0.7% to 25,407 points, marking its lowest point of the day, as markets reacted to the ECB's second rate hike of the year and revised inflation forecasts.
ECB Raises Key Rates by 25 Basis Points to 2.5%
The European Central Bank delivered its expected quarter-point hike, citing resilient growth and persistent Middle East-driven inflation pressures.
ECB raises deposit rate to 2.50% amid sticky inflation
The European Central Bank delivered a fourth quarter rate hike as expected, bringing the deposit rate to 2.50% against inflation still at 3.3% in the euro area.
EZB erhöht Leitzins auf Rekordhoch – Inflation bleibt über Zielwert
Die Europäische Zentralbank (EZB) hob den Einlagensatz auf 2,50 % an, nachdem die Inflation im Euroraum bei 3,3 % blieb und über dem Zielwert von 2,0 % lag.
ECB raises key rates by 25 bps, deposit facility to 2.50%
The ECB Governing Council lifted its deposit, main refinancing and marginal lending rates by 25 basis points to 2.50%, 2.65% and 2.90% respectively, citing persistent inflation pressures from the Middle East conflict.
ECB Raises Key Interest Rate to 2.5%, Highest Since Early 2025
The European Central Bank hiked its deposit facility rate by a quarter-point to 2.50%, citing persistent inflation well above its 2% target amid Middle East conflict-driven energy costs.
Stournaras Warns ECB on Inflation Risks, Rates to Stay Cautious
ECB member cautions against hasty rate moves amid persistent inflation pressures and geopolitical risks.
SMI Reclaims Gains Before ECB, Copper Retreats From Record, Oil Holds Above $100
Swiss blue chips reversed morning losses ahead of an almost certain 25-basis-point ECB rate hike, while copper fell 2.2% from a record and Brent crude stayed above $100 on Middle East risk.
FTSE 100 slips 0.6% as ECB lifts rates, oil jumps on Middle East tensions
European equities fell after the ECB raised all three benchmark rates by 25 basis points, while Brent and WTI crude surged on conflict‑driven supply concerns.
European Stocks Slip Ahead of ECB Rate Decision as Oil Prices Rise
The EuroStoxx 50, FTSE 100 and SMI edged lower on Thursday as investors awaited the European Central Bank's anticipated 25‑basis‑point rate hike. Higher oil prices and inflation worries weighed on sentiment, while autos gained and technology lagged.
German Stocks Decline as Investors Cautiously Await EZB Rate Hike
The DAX fell 0.2% to 25,529 points as investors brace for the European Central Bank's expected rate increase, amid rising oil prices and inflation concerns.
GBP/USD slides as U.S. PPI fuels dollar strength ahead of FOMC
Sterling recovers slightly from earlier gains but remains pressured by hot U.S. inflation data and ECB rate hike, while Brent crude spikes on Middle East tensions.
GBP/USD Drops 0.33% as BoE Rate Hike Expectations Rise
Sterling declines as BoE rate hike bets build, with Brent crude surging above $105 a barrel. U.S. PPI data shows energy prices driving inflation.
Muzinich's Greil-Castro favors short-term corporates over long sovereigns
The fixed-income veteran says companies are stronger borrowers than states, questions whether AI can offset debt pressures and calls the term premium inadequate for long durations.
Eurozone stocks rebound from lows as weak payrolls temper rate bets
European indices recovered from one-month lows amid mixed economic data, with producer prices surging and U.S. payrolls falling short of expectations.
Euro Zone Yields Hold Near Multi-Year Peaks Ahead of ECB Decision
German bund yields hovered near multi-year highs as energy-driven inflation pressured the ECB, while surging U.S. PPI data pushed Treasuries higher and reshaped rate-hike expectations.
Eurozone yields near record highs ahead of ECB rate decision
German Bunds and U.S. Treasuries both hit multi-year peaks as inflation data and Fed policy expectations shape market expectations.
Global central banks drive coordinated credit tightening amid inflation pressures
The Fed, ECB, Bank of England and Bank of Japan move in parallel as Middle East conflicts fuel energy-price inflation, with markets pricing nearly four more quarter-point hikes over the coming year.
UK flight disruptions clear; Primark to offer home delivery
Flight schedules in the UK are expected to return to normal after a technical issue caused over 2,000 cancellations. Primark's parent company plans to spin off the retailer and introduce home delivery services.
Frankfurt stocks expected steady as ECB decision looms
German equities open with modest gains as oil stabilizes, but ECB rate decision and forward guidance will set the day's direction for DAX and EuroStoxx 50.
European stocks recover on bond market calm ahead of ECB rate hikes
European equities advanced on Thursday after bond yields eased, reversing three straight sessions of declines as central bank expectations shifted toward further tightening in mid-2027.
European stocks stabilize from 1-month lows on weak US payrolls
STOXX 600 rises 0.5% after pulling back from weekly lows, as soft ADP payroll data reins in rate-hike expectations ahead of next week's ECB meeting.
Central banks face tricky calls as energy prices complicate inflation outlook
The ECB expects a September rate hike, but Fed policymakers are split on further moves, while the SNB sees room to hold steady.
Daily Global Financial Calendar: Sept. 10 — ECB Rate Call Tops Busy Data Day
The ECB's interest-rate decision leads a crowded schedule that includes US wholesale trade, factory-gate prices, jobless claims, and major corporate earnings from Adobe and Macy's.
European equities slide to multi-week lows amid yield pressures and Fed hawkishness
German and French indices hit record lows as U.S. Treasury yields rise to multi-year highs, pressuring risk assets.
US Stocks Fall on Inflation Fears; Meta Rallies on AI Launch
Dow and S&P slide as oil lingers near $100 and Wall Street braces for US inflation data, ECB rate decision, and earnings from Oracle and Adobe.
ECB, Fed, SNB Face Divergent Rate Paths as Energy Prices Complicate Outlook
Central banks navigate diverging inflation pressures and growth signals ahead of key September meetings in Frankfurt, Washington, and Bern.
Asian currencies steady as risk-off tone weighs, yen holds near highs
U.S. dollar rose on hotter-than-expected PPI data, pushing Fed September-rate-hike odds to 73%. The yen stayed near recent highs even as oil topped $100.
SMI in Red, 8 of 20 Blue Chips Gain; Nestlé Loses After Russia Report; Gold Rises
Swiss stock market closes lower after a positive week; gold prices increase amid rising interest rates; Nestlé shares fall after Russia business report.
BoE Rate Hold Signals GBP/EUR Outlook Amid ECB Tightening
UBS forecasts EUR/GBP to dip toward 0.84 by year-end 2026 as BoE’s mixed vote signals potential future hikes, while ECB’s rate hikes and UK’s yield premium shape carry trade dynamics.
BoE Rate Hold Sparks EUR/GBP Forecasts to Fall Below 0.85
UBS projects the euro-to-pound exchange rate to dip to 0.84 by year-end, driven by BoE rate hikes and ECB tightening
Binance dismisses Lagarde speculation, reaffirms EU MiCA commitment
Crypto exchange denies reports that ECB Chief Christine Lagarde blocked its Greek license bid and says it will pursue authorization under EU crypto rules elsewhere.
GBP/USD rises as UK retail sales beat forecasts
Sterling gains as UK retail sales unexpectedly rise 0.5% in August, while dollar cools amid moderating oil prices.
GBP/USD rises 0.11% to 1.3373 as UK retail sales beat expectations
Positive UK retail sales data and softer dollar pressures supported sterling’s gains ahead of central bank meetings.
Euro-Area Consumers Raise Inflation Outlook as Growth Stays Pessimistic
The ECB's August consumer survey shows median expected inflation rising across all horizons, while growth expectations remain negative and the labour market outlook edges slightly more positive.
U.S. Jobless Claims Drop, BOE Holds Rates Amid Central Bank Divergence
Weekly initial jobless claims fell to 196,000 while the Bank of England kept borrowing costs at 3.75%, contrasting with the Fed's recent 25-basis-point hike that lifted stocks.
ECB's Vujčić Says Central Banks Remain Cautious on AI's Productivity Impact
ECB Vice-President Boris Vujčić says persistent higher prices could erode purchasing power and food inflation may peak at 3.4% in Q3 2027, while noting uncertain AI productivity outlook.
European Central Bank widely expected to hike interest rates amid surging oil prices and ongoing U.S.-Iran conflict
The ECB is anticipated to raise rates as oil prices climb and the U.S.-Iran situation persists.
Lagarde warns Europe faces stark choice between unity and decline
ECB President Christine Lagarde outlined three possible paths for Europe, urging the bloc to deepen integration rather than accept decline or fragment into national agendas.
Bank of England holds rate at 3.75% as inflation stays above target
The Monetary Policy Committee voted 6-3 to keep the Bank Rate unchanged, citing persistent price pressures and a possible rise to 4.00% in November.
Eurozone Stocks Drop as Brent Crude Surpasses $100
Oil price rises and geopolitical tensions weigh on European markets amid expectations of ECB rate hikes.
Eurozone Inflation Holds at 3.2% in August, May Climb Further
Eurozone inflation held at 3.2% in August despite an energy-driven spike, but economists warn secondary effects could push it past 4% by late 2027.
ECB and Fed rate hikes prompt global policymakers to reassess policy trajectories
ECB and Federal Reserve rate increases are leading policymakers worldwide to review their policy paths.
Bank of England Expected to Hold Rates Steady Despite Rising Inflation
The BoE is widely expected to keep rates unchanged on Thursday even as UK inflation climbs to 3.1%, diverging from the Fed and ECB which both hiked earlier this week.
Market Schedule: ECB Meeting, US Housing Data Lead Sept 17
UK rate decision, eurozone consumer prices, and US building permits anchor a busy data day alongside corporate capital-market events from DHL, Bechtle and Wacker Chemie.
Morgan Stanley sees ECB 25 bps hike to 2.75% in Dec 2026
Morgan Stanley now expects the European Central Bank to raise its deposit rate by 25 basis points to 2.75% in December 2026, sees no hike in October and forecasts a single cut in December 2027 as inflation stays above target.
Dow Jones, Nasdaq 100 Expected to Decline as Rising Oil Prices Weigh
US stock markets anticipate further declines amid rising oil prices, fueling inflation concerns and raising interest rate expectations. Oil prices surge amid renewed attacks in the Persian Gulf, with Brent crude exceeding $100 per barrel for the first time since July.
ECB Seeks Merchant Participation in Digital Euro Pilot
A 12-month beta test of a non-legal-tender digital euro currency begins in 2027, with potential issuance planned for 2029.
DAX Falls 1.7% on Oil Above $100, Eyes ECB Rate Decision
The DAX dropped to its lowest level since late July as Brent crude breached $100, while investors awaited Thursday's expected ECB rate hike.
European Stocks Slide as Bond Yields Surge and Energy Inflation Fears Mount
STOXX 600 fell 0.2% to 645.94 as German 10-year yields hit their highest since April 2011 and Brent crude stayed above $94 a barrel amid escalating US-Iran tensions.
Pound eases, dollar steadies ahead of CPI and ECB moves
GBP/USD slips to 1.3534 as traders position ahead of U.S. inflation data and an expected ECB dovish rate hike next week.
Pound eases as dollar steadies after weak run
Sterling slipped to 1.3534 against the dollar while the euro held near 1.1625, with investors focused on U.S. CPI, Fed and ECB policy.
DAX Slips as Oil Surpasses $100; Markets Wait for ECB Rate Decision
German equities retreated Wednesday as Brent crude topped $100 for the first time and investors positioned ahead of the ECB's expected second rate hike this year.
European Stocks Slide as Oil Surges Past $100, Fed Focus Intensifies
European indices posted midweek losses as Brent crude reclaimed the $100 mark for the first time since late July, stoking inflation fears ahead of the ECB's rate decision on Thursday.
Citi Sees Limited EUR/USD Gains Despite Hawkish ECB Hike Outlook
A fully priced 25-basis-point ECB rate increase is unlikely to move the euro, even as risks skew hawkish and further hikes are already discounted through mid-2027.
Swiss stocks fall as oil pressure hits UBS, Richemont; Adecco, Barry Callebaut rise
Swiss shares slipped midweek on oil prices and US weakness, with Novartis, UBS and Richemont under pressure while Adecco, DocMorris and Barry Callebaut moved sharply.
Euro bonds pressured as oil tops $100 before ECB decision
European bond yields stayed elevated as Brent crude crossed $100 and U.S. Treasury yields rose, with markets weighing inflation risks ahead of the ECB's rate decision.
DAX Falls as Oil Surges Past $100 Before ECB Decision
The DAX dropped half a percent at the open as Brent crude hit $100 a barrel following U.S. strikes on Iranian tankers. Traders are also bracing for a second ECB rate hike on Thursday.
Oil Prices Weigh on Frankfurt Stocks Ahead of ECB Hike
Brent crude nears $100 and the U.S. destroyed five Iranian oil tankers as investors brace for the ECB's second rate hike this year on Thursday.
Morgan Stanley turns hawkish, sees two Fed hikes and an ECB move
Morgan Stanley has shifted to a more hawkish stance, forecasting two upcoming Federal Reserve rate hikes and a move by the European Central Bank.
European Gas Prices Ease from 2023 Highs amid Shipping Risks
Storage levels remain low, while geopolitical disruptions and crude oil gains add pressure to gas markets.
German Bund Yields Edge Lower as ECB Hike Path Weighs on Sovereign Debt
Traders price in three more ECB rate increases through early 2027 after last week's 25-basis-point hike, pressuring European sovereign debt even as Germany's 10-year Bund eased from multi-decade highs.
Asian Currencies Slip as Yen Retreats Ahead of Fed, BOJ Decisions
Asian currencies weakened as the Japanese yen pulled back from a seven-month high, with markets bracing for U.S. and Japanese monetary policy moves on Wednesday and Friday.
NEF: Rising Oil and Gas Prices Are Germany's Top Inflation Risk
A Brussels think-tank study finds a 50% rise in oil and gas prices could add 1.8 points to European inflation and recommends separate ECB rates for green investment.
Asian Currencies Climb as Yen Holds Near Seven-Month High, Dollar Falters
The yen advanced nearly 4% in September after touching 152.89 against the dollar, while the dollar index hovered near 98.83 as traders priced in a near-certain BoJ rate hike on Sept. 18.
US stocks set for mixed open as oil nears $100 and rate-hike odds rise
Dow seen 0.8% lower at 53,013 and Nasdaq 100 0.1% higher at 29,568, while Brent tops $98 and ECB and US rate-hike expectations weigh on sentiment.
European Stocks Close Mixed; Novartis Slump Drag on Swiss SMI
The EuroStoxx 50 edged higher while the Swiss SMI fell 1.55% weighed down by Novartis, as investors waited on the ECB rate decision and Brent crude neared $100 a barrel.
ECB Warns Fragmentation Hinders EU Banks' Long-Term Competitiveness
European banks show improved profitability and resilience but face fragmentation challenges that limit their ability to finance Europe’s strategic priorities.
US stocks slip as Brent nears $100 and ECB move looms
Dow fell 1.2% and S&P 500 dropped 0.4% as Brent topped $98; chip and pharma stocks moved on deals and trial setbacks.
Novartis plunges as oil and rate worries push US and Swiss stocks lower
Novartis fell more than 9% after a phase-III miss, dragging the SMI lower as US stocks slipped on rising oil prices and rate-hike expectations.
EUR/USD Trades in Narrow Range Ahead of ECB and Fed Rate Decisions
The pair held between 1.1590 and 1.1650 as investors price a 25‑basis‑point ECB increase to 2.50% and assess whether the bank will signal the end of its tightening cycle; Fed hike odds rose to roughly 58% after a stronger‑than‑expected US payrolls report.
US Stocks Expected to Open Mixed After Holiday; Oil Prices Pressuring Sentiment; SMI Continues Decline; Novartis Targets Record Daily Loss
US stock indices show slight movements before market open; oil prices rise, fueling concerns over rising interest rates; Swiss Market Index (SMI) continues to fall; Novartis shares plunge, potentially setting a record daily loss.
Surging Inflation Tests US, UK and Japan Central Banks as Rate Decisions Loom
Resurgent energy costs and persistent price pressures converge as the Federal Reserve, Bank of England and Bank of Japan prepare policy moves this week.
Euro yields rise as crude nears $100 and ECB hike looms
European bond yields climbed as Brent crude approached $98 and an ECB rate hike loomed, while U.S. Treasuries firmed ahead of Fed and CPI data.
Euro yields rise as Brent nears $100 and ECB rate hike looms
Euro yields climbed on Tuesday as US Treasury yields hit multi‑year highs and Brent crude approached the $100 a barrel mark, sharpening expectations of an ECB rate increase.
European Stocks Fall as Crude Oil Holds Above $90 on Iranian Threats
Brent crude extends gains past $90 on Persian Gulf supply risks, compounding euro-area inflation pressure ahead of the ECB's expected rate hike.
EUR/USD holds near 1.1627 ahead of ECB rate decision
EUR/USD traded around 1.1627 after US payrolls beat forecasts; markets price a 25‑basis‑point ECB hike to 2.50% on Sep 10, with guidance likely to set the euro’s next move.
DAX slips 0.15% to 26,006 as Brent holds above $97, ECB rate hike expected
Germany's blue‑chip index fell 0.15% to 26,006.53 points, staying just above the 26,000 threshold, while Brent crude traded above $97 per barrel and markets price an ECB rate rise to 2.5%.
EuroStoxx 50 slides 0.8% as oil price rise fuels inflation fears
The Euro Stoxx 50 fell to 6,368.98, its lowest since early August, as higher oil prices and heightened Iran tensions revived inflation concerns and expectations of an ECB rate hike. Swiss and UK indices also moved modestly.
ECB Highlights Diversity Progress Since 2010
Dublin-based ECB outlines gender and broader inclusion milestones, research on promotion gaps, and institutional frameworks to align with Lagarde’s 2020 mandate.
Lagarde defends ECB rate hike as euro area inflation hits 3.3%
The ECB president said the rate increase is needed to contain inflation, which is 3.3% in the euro area, citing a longer-lasting energy shock and warning about AI valuations.
ECB raises key rates by 25 basis points as inflation risks remain elevated
The ECB lifted its three key rates by 25 basis points, citing Middle East conflict-driven energy inflation. Staff projections keep inflation above target until 2027 while growth is revised up.
FX outlook sees dollar steadied, euro in tight range, won rebounds
Investing.com analysis notes that geopolitical tensions, high energy prices and resilient growth keep tightening cycles priced, while US data and central‑bank actions shape near‑term currency moves.
European bond yields rise as ECB hike odds climb, oil prices surge
Bund yields near 3.36% as markets price a 25‑basis‑point ECB hike; Eurozone inflation hits 3.3% and oil benchmarks break $90 a barrel.
European bond yields rise, ending two‑day rally ahead of ECB meeting
German 10‑year Bund yields nudged up to around 3.36% as markets priced in a 25‑bp ECB rate hike, while euro‑zone inflation hit 3.3% in August and oil prices stayed above $90 a barrel.
JPMorgan says rising yields unlikely to derail equities as earnings momentum holds
JPMorgan analysts argue that strong earnings growth can keep equity markets buoyant despite U.S. debt topping $40 trillion and government yields near multi‑decade highs.
Gold faces pressure from inflation worries and rising yields, analysis says
Investing.com analysis notes that higher oil prices, Treasury yields and a hot CPI could push gold below $4,310, with $4,100 and $4,000 as next support levels.
DAX slips below 26,000 as oil prices stay high and markets await ECB decision
The German benchmark index fell 0.24% to 25,983 points, while the MDAX rose 0.23% to 32,429. Brent crude hovered just under $97 a barrel and the ECB is set to raise rates to 2.5% on Thursday.
Week Ahead: USD/JPY, ECB Rate Decision and US CPI Set to Influence Markets
The analysis flags a short‑covering rally in USD/JPY, a likely 25‑bp ECB hike to 2.50% and US August CPI as the main catalysts for the coming week.
Key data and earnings to watch this week: US CPI, ECB rate hike, Oracle and Adobe results
US consumer price index is forecast at 3.4% YoY, the ECB is expected to lift rates by a quarter point, while Oracle and Adobe are set to report earnings and strategic financing plans.
Pound nudges up as dollar stays soft on Fed rate‑cut bets
GBP/USD rose to 1.3535 while the dollar index is seen in a 99‑99.5 range; ING prices a 58% chance of a 25‑bp Fed cut on Sept 16 and highlights upcoming CPI and ECB data.
JPMorgan projects ECB third rate hike to 2.75% in December
JPMorgan forecasts a third ECB rate increase in December to 2.75%, a near‑certain second hike to 2.5% next week, and a policy pause through 2027, with cuts unlikely before 2028.
ECB's Schnabel in talks to take IMF role, may leave early
European Central Bank board member Isabel Schnabel is negotiating to head the IMF's Monetary and Capital Markets Department, potentially departing before her term ends. A departure would trigger a reshuffle of the ECB's leadership.
ECB seen raising rates once more in September before pausing: poll
Economists in a Reuters survey expect the European Central Bank to hike its deposit rate to 2.50% next week, marking its second increase in a brief tightening cycle. No further moves are anticipated through mid-2025.
Sweden's Riksbank flags uncertain inflation risks despite growth pickup
Sweden’s central bank governor says inflation pressures remain unclear even as GDP data points to a stabilizing recovery. The Riksbank will assess incoming data to guide policy decisions.
Global bond rout deepens on oil surge, fiscal fears
Yields hit multi-decade highs as crude nears $95, debt concerns mount in Europe and Japan amid Middle East tensions. Traders price 70% odds of a Fed hike.
ECB’s Schnabel seen leaving early for IMF role, report says
Executive board member Isabel Schnabel may step down before her 2027 term ends to join the IMF. Bundesbank’s Nagel would be Germany’s sole candidate to replace Lagarde.
ECB's Schnabel may leave early for IMF role, Handelsblatt reports
Isabel Schnabel, ECB executive board member, is in talks to head the IMF's Monetary and Capital Markets Department, potentially leaving her post before her 2027 mandate ends. A reshuffle at the ECB board could follow.
AI’s New Bottleneck Could Tilt the Euro‑Dollar Balance Toward the Dollar
Citi’s warning that data‑movement, not raw compute, now limits AI growth may spark a fresh wave of US capex, strengthening the dollar and pressuring the euro.
ECB’s Vujčić highlights role of household expectations in monetary policy
Vice-President cites ECB’s Consumer Expectations Survey as critical tool for tracking inflation perceptions, spending plans and policy transmission amid geopolitical uncertainty.
EUR/USD consolidates near 1.1650 as ECB signals September hike
Pair holds above key support after failing to sustain gains above 1.1700; ECB minutes reinforce rate-hike expectations despite hawkish divergence with Fed.
Michigan sentiment, Jackson Hole to headline Friday's data docket
Consumer confidence and the annual Fed symposium in Wyoming headline a busy Friday for U.S. economic data and policy signals.
ECB faces dilemma as rate hike risks fueling market turmoil
A 25-basis-point hike expected next week tests the ECB's balancing act between persistent inflation and financial stability amid rising bond yields and debt concerns.
ECB’s Kocher says euro zone economy showing signs of momentum
Austrian central bank chief cites resilience in growth despite inflation pressures and geopolitical drags. ECB policy path remains data-dependent amid Jackson Hole remarks.
ECB's Kocher says European economy gaining momentum
European Central Bank council member Martin Kocher flags resilience and improving growth in the euro area, while warning inflation remains a concern ahead of September policy decisions.
ECB policymaker signals readiness for further rate hikes if inflation rises
ECB Governing Council member Gabriel Makhlouf warns the central bank must remain prepared to tighten policy further amid inflation risks. Upcoming decision next week seen as data-dependent.
ECB’s hawkish stance lifts real rates, UBS says, as bond yields rise
UBS argues the ECB’s shift toward tighter policy since March is driving real rate expectations higher, with limited impact on euro-area term premia. The bank sees scope for further tightening into 2027.
ECB September rate hike odds rise after July minutes, ING says
ING cites stronger-than-expected eurozone data and July meeting minutes as evidence mounting for a September rate increase by the European Central Bank.
Swiss stocks slip as oil, rate fears weigh on markets
SMI falls 0.4% as Brent crude tops $95, inflation and ECB/Fed policy expectations drive defensive rotation; Roche, Swiss Life gain while Amrize, Holcim lag.
Six EU net contributors push for deep cuts to €2 trillion budget plan
Germany, Austria and four other net contributors demand reductions of several hundred billion euros to the EU's 2028-2034 budget, citing national consolidation needs and rejecting further joint borrowing.
US Treasury Secretary urges G20 to prioritize growth over debt reduction
Scott Bessent tells G20 financial leaders in Asheville that economic expansion is the primary solution to global debt burdens amid post-crisis and pandemic-era obligations.
ECB minutes show oil price swings, inflation risks remain
Governing Council’s July meeting minutes highlight persistent energy price volatility, upward pressure on food costs and rising medium-term inflation expectations despite recent oil price declines.
U.S. Treasury Secretary urges G20 to prioritize growth over debt reduction
Scott Bessent tells finance leaders that economic expansion is the primary solution to unsustainable global debt levels, citing post-crisis and pandemic-era borrowing. G20 meeting in Asheville, North Carolina, begins Monday.
BIS chief says stablecoins unreliable for large-scale payments
Pablo Hernandez de Cos, BIS managing director, argues tokenized deposits are a safer alternative to stablecoins for everyday use during Jackson Hole remarks.
Gold falls below $4,400 per ounce as yields rise
Gold price drops 1.5% in London to $4,372 as investors favor higher-yielding bonds amid rising rate expectations. Eurozone inflation accelerates to 3.3%, fueling ECB tightening bets.
Bundesbank chief flags possible ECB rate hike, warns on Germany’s AAA rating
Joachim Nagel signals markets may be right on an ECB rate increase next week, citing persistent inflation, while urging Berlin to preserve Germany’s top credit rating amid a widening fiscal deficit.
Israel’s central bank cuts rates for third time as global tightening trend persists
The Bank of Israel reduced its benchmark rate by 25 basis points to 3.25%, the lowest since 2022, citing easing inflation and a strong shekel. Analysts had expected no change.
Euro Stoxx 50 falls 0.8% as oil prices rise amid Iran tensions
Eurozone benchmark index extends losses to August lows as geopolitical risks and energy prices drive inflation concerns ahead of ECB meeting. Swiss SMI rises 0.34%, FTSE 100 dips 0.32%.
Dollar slips as long-end yields fuel debasement trade ahead of Fed week
U.S. currency retreats from post-Fed gains as two-year SOFR holds above 4.20%, while ECB inflation data and RBNZ decision loom. Analysis flags risk of further losses unless hawkish repricing solidifies.
Central banks drive FX markets as September rate hike bets intensify
Global bond yields surge to multi-year highs as markets price aggressive tightening cycles from the Fed, ECB, BOJ and others. Traders face a crowded field of policy horses with uneven odds.
EUR/USD trapped between key moving averages as ECB-Fed hike bets converge
The pair remains confined between the 100-day and 200-day moving averages after Eurozone inflation data reinforced expectations for a September ECB hike but tempered bets on further tightening.
GBP/USD holds near 1.3535 as Fed, BOE decisions loom
Sterling struggles to extend gains above 1.35 as global yields surge and policy divergence risks weigh ahead of key central bank meetings. Gilt yields hit multi-decade highs.
Global bond rout deepens as U.S. 2-year yield hits 2025 high
Treasury yields surge to multi-year peaks as Middle East tensions and inflation concerns drive a broad sell-off. European and Japanese yields also climb to decade-plus highs.
Global bond selloff deepens as 2-year Treasury yield hits highest since 2025
Treasury yields surge to multi-year peaks amid Middle East tensions and inflation concerns, while European and Japanese debt markets follow. Upcoming U.S. jobs data and ECB meeting add to market focus.
Euro zone lending growth accelerates in July, ECB data shows
Corporate loan growth rose to 4.4% annually while household lending increased to 3.1%, signaling modest expansion in credit demand after the ECB's June rate hike.
UK rate hike expectations pushed to early 2027 as bond yields ease
Market pricing shows no full quarter-point increase expected until February 2027, with 10-year gilt yields falling to a two-week low before reversing gains. BoE Governor cites geopolitical risks as a key driver.
ECB’s Schnabel says further rate hikes needed amid inflation risks
ECB board member warns policy rate is insufficient to return inflation to target, citing strong eurozone growth and geopolitical pressures.
European yields rise after Schnabel warns on rates
German Bund yields climb from two-week lows as ECB's Schnabel signals further hikes may be needed. U.S. Treasury yields also advance ahead of Jackson Hole remarks.
ECB seen poised for September rate hike amid persistent inflation pressures
Eurozone central bankers may raise benchmark rate to 2.5% next month to curb inflation near 3%, while markets expect one or two additional hikes. Robust growth outlook limits further tightening.
Dollar strengthens on Fed hawkishness; euro, yen and Aussie under pressure
The U.S. dollar extended gains after hawkish remarks by Fed Chair Warsh, pressuring the euro, yen and Australian dollar. European inflation data and oil price gains added to market focus.
Eurozone growth accelerates, ECB rate hike bets firm up
Eurozone GDP rose 0.45% in Q2, led by exports, while inflation pressures persist. Traders price in a September ECB rate hike as officials warn of prolonged energy risks.
German inflation rises to 2.9% in August, nearing 3% mark
Consumer prices in Germany accelerated for a second straight month in August, driven by energy costs amid Middle East supply risks. Economists expect further upward pressure on core inflation.
German inflation rises to 2.9% on energy, low Rhine water
Consumer prices in Germany accelerated in August, driven by surging energy costs and disruptions to shipping on the Rhine due to drought. Core inflation held steady at 2.4%.
Dollar correction gathers pace as Fed hike odds rise, EU risks mount
The greenback’s recent rebound faces headwinds as hawkish Fed repricing collides with political uncertainty in Europe and Japan. Correction seen extending into Q4.
Eurozone growth accelerates, reinforcing ECB rate hike case
Barclays upgrades euro area GDP outlook as sentiment improves, while inflation pressures persist ahead of September ECB meeting.
German 10-year Bund yield hits 15-year high as oil, rates rise
Ten-year German government bond yield climbs to 3.29%, highest since 2011, as U.S. rate hawkishness and Brent crude at $89.80 per barrel fuel bond selloff. Two-year Bund yield also hits multi-year peak.
German bond yields hit multi-year highs after hawkish Fed signals
Eurozone sovereign debt selloff accelerates after U.S. Treasury yields surge on remarks by Federal Reserve Governor Kevin Warsh. ECB rate decision looms.
German yields surge to multi-year peaks after Fed's Warsh signals hawkish stance
Germany's 10-year Bund yield climbs to 12-year high as money markets price near-60% chance of a September U.S. rate hike. ECB decision looms amid rising inflation pressures.
IMF chief says global economy holding up to energy shock, flags fiscal risks
Kristalina Georgieva warns of a 'tug of war' between energy supply disruptions and AI-driven growth, as fiscal pressures mount ahead of G20 talks.
EUR/USD slips as dollar rebound tests rate-differential trade ahead of Jackson Hole
The euro retreated 0.09% to 1.1654 as a dollar bounce—driven by short-covering ahead of U.S. inflation data and the Fed’s Jackson Hole symposium—tests the single currency’s resilience. Positioning, not fundamentals, is dictating the near-term move.
ECB seen raising rates in September as Iran war fuels inflation risks
Central bank officials plan a 25-basis-point hike to 2.50% next month, citing energy price pressures from the Middle East conflict and resilient economic activity.
ECB seen hiking rates in September without forward guidance
Central bank expected to raise deposit rate to 2.50% next month as inflation nears 3%, but policymakers unlikely to signal additional tightening. Next week’s data release may influence decision.
ECB poised to hike rates in September as Iran war stokes inflation risks
European Central Bank expected to lift borrowing costs to 2.50% next month amid energy price pressures tied to regional conflicts. Inflation remains near 3%, while policymakers signal limited scope for further tightening.
Euro yields rebound after Schnabel warns on inflation fight
German two-year Bund yield rises to two-week high as ECB policymaker signals further rate hikes may be needed. U.S. Treasury yields also climb ahead of Jackson Hole symposium.
IMF says global economy weathered Iran-linked energy shock better than feared
Managing Director Kristalina Georgieva cites drawdowns in oil and gas reserves, AI-driven growth and lower energy demand as key buffers against the Strait of Hormuz closure. Risks remain tilted to the downside.
ECB officials alarmed by U.S. policy shifts at Jackson Hole
European central bankers cite U.S. Treasury interventions and debt strategy changes as signs of rising transatlantic policy friction. Fed swap lines remain secure, officials say.
AI Upside and Downgrades: Why the Euro Faces a Fork in the Road
European AI moves—from Einride’s fleet platform to analyst downgrades of SAP—create a split narrative for the euro, balancing productivity hopes against near‑term risk sentiment.
EUR/USD steadies near 1.1660 after PCE-driven pullback
Pair consolidates gains after July data tempers Fed dovish expectations; 1.1710 remains key resistance. Analysis suggests policy-convergence trade may have peaked.
ECB’s Schnabel urges blockchain adoption to preserve monetary policy role
ECB board member Isabel Schnabel argues at Jackson Hole that tokenized central bank money could enhance policy flexibility and counter private digital currencies. Two ECB projects, Pontes and Appia, are cited as steps toward integration.
ECB's Schnabel urges central banks to adopt blockchain for tokenized finance
Isabel Schnabel argues central bank money must underpin tokenized finance to ensure stability, reduce fragmentation in euro area markets and modernize monetary policy.
Italy seeks €8 bln from EU defence fund, eligible for up to €14.9 bln
Rome files request under the EU's SAFE instrument as coalition tensions persist over defence spending amid fiscal constraints and energy cost pressures.
STOXX 600 forecast to rise 2% by year-end in Reuters poll
European benchmark seen hitting record 670 points by December, supported by strong earnings growth and narrowing valuation gap with U.S. equities.
Kremlin rejects U.S. media reports of potential Russia-NATO attack
Moscow denies claims that Russia may target a NATO member, calling reports 'alarmist' and unrelated to Russian intentions. CIA Director's Moscow visit also refuted by Kremlin.
ECB signals September rate hike after July pause, cites inflation risks
Accounts from the July 22-23 meeting show policymakers prepared for a 25-basis-point increase in September, while corporate lending growth accelerated to 4.4% in July.
Six EU nations push for €400 billion cut to 2028-2034 budget plan
Germany, Denmark, Netherlands and three others seek 'balanced' reductions to the bloc's €2 trillion long-term budget proposal ahead of 2026 agreement deadline.
ECB minutes signal likely September rate hike amid persistent inflation
Minutes from July’s ECB meeting indicate further tightening may be required if inflation remains elevated. Markets price in a near-certain rate increase on Sept. 10.
ECB minutes signal stronger case for September rate hike
July meeting minutes and recent data point to growing support among policymakers for a rate increase next month, with risks to inflation remaining tilted to the upside.
ECB signals likely July rate hike after July meeting pause
Minutes show officials prepared to raise benchmark rate to 2.5% from 2.25% as inflation nears 3% and corporate lending surges 4.4%.
Eurozone bank credit growth accelerates in July after ECB rate hike
Lending to companies and households in the euro area rose to 4.4% and 3.1% respectively, the fastest pace since early 2023. The increase followed the ECB's first rate increase in nearly three years.
Euro zone bank lending growth accelerates in July after ECB rate hike
Corporate loan growth rose to 4.4% annually while household lending increased to 3.1%, data from the European Central Bank showed. The pickup followed the ECB's first rate increase in nearly three years.
Global economic calendar: Key events for Aug 27, 2026
Earnings season continues with German, French and U.S. companies reporting quarterly figures while central bank data and labor indicators take center stage in Europe and the U.S.
ECB’s Schnabel says rates may need to rise further amid inflation risks
ECB Governing Council member Isabel Schnabel warns borrowing costs may need to increase further to bring inflation back to target as energy-driven price pressures persist. Markets seen as aligned with policy guidance.
EUR/USD holds near three-month high as dollar weakness dominates
Euro climbs to 1.1682 as dollar index falls to 98.723, but range-bound trading persists amid US Treasury debt buyback expansion and rate differential constraints.
Swiss stocks open higher as SMI gains 0.14% on mixed sector moves
SMI advances to 14,538 points with UBS and Amrize among top gainers, while Kühne+Nagel, Lonza and Alcon lag behind. Brent crude falls 2.5% to $86.35 amid Iran talks.
ECB's Schnabel signals further rate hikes, lifts euro outlook
Isabel Schnabel warns current ECB rates are insufficient to tame inflation, suggesting a prolonged tightening cycle may follow the September move. EUR/USD gains technical momentum as markets reassess policy path.
UBS raises EUR/SEK target on Swedish krona weakness
Swiss bank lifts forecasts for the euro against the Swedish currency, citing krona underperformance despite Sweden's stronger fundamentals. Norwegian krone outlook maintained.
UBS lifts EUR/SEK price targets on krona yield concerns
Swiss bank raises forecasts for the Swedish currency through mid-2027, citing the krona's low-yielding status despite Sweden's improving fundamentals.
European stocks edge up as Brent crude sinks 2.6% amid Middle East ceasefire talks
European equities advanced modestly on Wednesday, with gains capped by a sharp drop in Brent crude after reports of a potential U.S.-Iran ceasefire. ECB warnings of further tightening added pressure to rate-sensitive sectors.
Dollar steadies as softer energy lifts risk appetite; euro gains on ECB hawkishness
U.S. Treasury yields fall 10-15 bps after intervention; energy prices drop 8% in a week. ECB’s Schnabel flags upside growth risks, supporting euro strength ahead of U.S. inflation data.
Euro yields fall as oil slides despite ECB hawkish signals
German two-year and 10-year Bund yields dropped after Brent crude dropped over 2.5% to near $86 a barrel, offsetting ECB warnings on inflation risks.
European bond yields fall as oil drop offsets ECB hawkish signals
German 10-year Bund yield slips below 3.2% as Brent crude falls over 2.5% on Middle East ceasefire hopes, despite ECB warnings of further rate hikes.
ECB's Cipollone sees no eurozone stagflation despite Hormuz tensions
European Central Bank director Piero Cipollone says the eurozone economy remains resilient despite Iran-U.S. tensions disrupting a key oil transit route. Inflation projections align with ECB forecasts through 2028.
Citi sees limited scope for dollar rebound after Warsh’s Jackson Hole speech
Federal Reserve Chair Kevin Warsh’s remarks at the annual symposium are unlikely to reverse the dollar’s recent decline, according to Citi strategists, who maintain a bearish FX outlook despite potential hawkish signals.
Why the EUR/NZD Correction May Signal a Wider Euro Weakness Cycle
The technical dip in EUR/NZD is more than a chart pattern – it reflects the ECB’s easing path, the RBNZ’s tightening and a shifting risk appetite.
European stocks steady as Iran tensions, ECB rate bets weigh
STOXX 600 holds flat; travel and leisure leads gains while Brent crude falls. Markets await U.S. sanctions details and ECB policy signals.
ECB's Cipollone sees low risk of stagflation from Strait of Hormuz crisis
European Central Bank policymaker Piero Cipollone says macroeconomic changes warrant monitoring but sees no immediate signs of stagflation despite geopolitical tensions in the Strait of Hormuz.
Eurozone PMI rises as inflation pressures ECB rate path
Euro area business activity improved in August, but rising energy costs and sticky core inflation may limit the ECB's scope for further tightening beyond September.
EUR/USD hits 1.1700, highest since May, as dollar weakens
Euro gains ground on improving eurozone data and US Treasury bond buyback expansion, while technical levels suggest limited upside ahead of key US economic releases this week.
Jackson Hole looms as U.S. Treasury, Fed policy shift into focus
Fed Chair Warsh’s Jackson Hole speech and Treasury’s expanded bond buyback program frame a pivotal week for U.S. policy and markets. The dollar weakens as yields face pressure.
Eurozone business activity growth hits highest since November as PMI rises
Eurozone composite PMI rose to 52.1 in August, exceeding expectations and marking the strongest expansion since November 2025. Manufacturing led gains while services held steady, with hiring resuming after three years.
Eurozone consumer inflation expectations fall for third month in July: ECB survey
Median inflation projections for the next 12 months declined to 2.9% from 3.0%, while three-year outlook eased to 2.7%. Five-year expectations remained unchanged at 2.4%.
Markets price sharper ECB rate hikes as hawkish bets rise
Traders lift deposit-rate wagers to near 3% by late 2027, with a September increase seen as the next step. Oil and gas markets remain elevated amid Middle East tensions.
Euro zone consumer inflation expectations ease in July survey
Median perceived inflation over the past year fell to 3.5% while one-year-ahead expectations dipped to 2.9%. Income growth expectations also softened as spending growth outlook remained steady.
UBS lifts EUR/USD target to 1.20 on Fed-ECB policy split
Swiss bank upgrades forecast as U.S. rate hike odds fade and ECB tightening path firms, lifting stop-loss to 1.15.
UBS keeps yen neutral as Fed-BoJ policy gap sustains USD/JPY strength
Swiss bank forecasts the dollar-yen rate will climb to 160 by end-2026 and 158 by mid-2027, citing persistent U.S.-Japan policy divergence despite recent FX intervention.
WEF seeks ECB’s Lagarde as next chair amid leadership transition
Christine Lagarde is reportedly open to leading the World Economic Forum after tensions with founder Klaus Schwab eased. The ECB has no comment on the speculation.
Euro zone business activity growth accelerates to 10-month high in August
Composite PMI rises to 52.1, led by manufacturing rebound and export recovery. Services growth steady at 51.7 as inflation pressures ease.
Pound steadies near 1.3672 as U.S. Treasury buybacks weigh on dollar
Sterling holds gains as dollar softens after U.S. Treasury expands bond buybacks, while UBS sets GBP/USD targets at 1.40 by December 2026 and 1.41 in H1 2027.
Eurozone PMIs due as EUR/USD tests key resistance after technical reversal
August flash PMI surveys will test whether July’s economic rebound has staying power, while the single currency faces resistance at a three-month high after a bearish candlestick pattern.
EUR/USD nears three-month high as dollar weakens on Treasury buybacks
Euro climbs to 1.1711 after U.S. long-dated Treasury yields drop on expanded buyback operations, while ECB rate hike odds rise to 84%.
Euro zone current account surplus widens to €35.1 bln in June
Primary income gains lift the bloc’s surplus to the highest since March, while the 12-month surplus narrows to 1.7% of GDP.
USD/KRW slips below 1400 as Korean won strengthens on growth
The Korean won has rallied sharply this quarter, with USD/KRW falling below 1400 as domestic growth and export strength outweigh portfolio outflows. FOMC minutes and energy prices remain key risks for broader FX markets.
ECB's Lagarde warns Europe's post-war growth model is eroding
ECB President Christine Lagarde highlights the weakening of Europe's three historical growth pillars—global trade, mid-tech manufacturing, and a stable rules-based order—while outlining domestic resilience and policy responses.
European stocks fall to two-week lows; bond yields climb ahead of ECB, Fed signals
Stoxx Europe 600 drops for sixth straight session as yields surge to multi-year highs; ECB chief economist flags persistent inflation risks. U.S. Treasury expands bond buybacks.
ECB’s Rehn says wage growth stays moderate, inflation risks limited
Finland’s central bank chief cites anchored expectations as key to preventing second-round effects amid steady wage trends.
UK inflation rises to 2.9% in July on higher gas costs; oil climbs after Iran ceasefire lapse
Consumer prices increased more than expected as gas bills surged 14.7%, while Brent crude approached $92 a barrel amid renewed Middle East supply risks. Bank of England policy outlook hinges on jobs data.
EUR/GBP gains as inflation divergence supports ECB rate expectations
UK inflation rise driven by energy costs while euro area shows stickier underlying pressures, narrowing sterling’s yield advantage. Analysis flags 0.8660 as next resistance.
EUR/USD struggles near 1.16 as oil surge tests policy convergence trade
Euro retreats after three failed attempts to break above 1.1600 as Brent crude rallies to $91.76, complicating ECB’s inflation fight and narrowing rate differentials.
Eurozone inflation accelerates to 2.9% in July as ECB weighs next move
Consumer prices rose 2.9% year-on-year, up from 2.8% in June, while core inflation edged higher to 2.5%. ECB policymakers will scrutinize the data ahead of their September meeting.
Eurozone inflation rises to 2.9% in July on energy surge
Harmonized inflation accelerated from 2.8% in June as energy costs surged 10.3% year-over-year, while ECB policymaker Olli Rehn sees no second-round effects yet.
Dollar, euro lose nearly half their purchasing power since 2000
U.S. dollar and euro purchasing power halved over 25 years, while Swiss franc held value better amid divergent central bank policies. Inflation trends and wage dynamics compared.
ECB’s Lane warns 3% euro zone inflation still exceeds target
European Central Bank Chief Economist Philip Lane signals policy caution as inflation remains one percentage point above the 2% target.
Central bankers’ words carry weight as policy tool, experts say
Verbal communication shapes market expectations as much as rate moves or FX interventions, with past remarks triggering sharp reactions. Four historical examples highlight the power of central bank rhetoric.
EUR/USD rises as Fed rate hike odds fade, ECB tightening bets firm
Dollar weakens after softer U.S. data reduces expectations for another Federal Reserve rate hike, while the euro gains on European Central Bank tightening bets.
EUR/USD Trading Guide for Beginners: Fundamentals and Execution
A foundational overview for market participants looking to understand the mechanics of trading the euro against the US dollar.
EUR/USD rallies as dollar's exceptional strength wanes
Euro gains ground as broad dollar weakness reduces the currency's dominance, with EUR/USD approaching key resistance levels.
Barclays upgrades European equities outlook amid valuation appeal
Bank cites attractive valuations and improving macro backdrop as key drivers behind shift to constructive stance on eurozone stocks.
Global markets brace for rising inflation pressures
Central banks face renewed scrutiny as price pressures intensify across major economies, with key data points due this week.
European stocks post first weekly loss in five weeks on oil surge
Brent crude jumps 3% as Middle East tensions escalate; European equity benchmarks fall 0.4% for the week amid mixed data.
EUR/USD nears 1.1560 resistance after ECB-Fed policy divergence
Euro gains ground as ECB signals cautious rate path while Fed signals potential cuts. Traders eye 1.1560 level as key technical barrier.
Ireland’s inflation steady at 3.4% in July
Consumer prices rose 3.4% year-on-year, unchanged from June, as food and energy costs weighed on household budgets.
ECB poised for final rate hike in September, Reuters poll shows
European Central Bank expected to raise rates next month, capping its shortest tightening cycle since 2011 amid inflation concerns.
Euro zone bond yields dip after softer U.S. inflation data
German 10-year Bund yields fell below 2.5% as cooler-than-expected U.S. CPI reading boosted demand for core euro zone debt.
European stocks slip as oil rally and U.S. inflation weigh
Europe’s benchmark index falls after six straight days of oil gains and ahead of U.S. inflation data that may delay rate cuts.
European stocks flat as investors await U.S. inflation data
Benchmark indexes in Europe held steady Friday, with traders cautious ahead of key U.S. consumer price figures due later in the session.
German inflation climbs to 2.8% in July
Consumer prices rise above June’s 2.4% as energy costs weigh on households, latest data shows.
SNB Quarterly Bulletin Highlights Policy Stance and Economic Outlook
Swiss National Bank’s third-quarter report underscores inflation risks, policy guidance, and global economic pressures. Key projections and policy signals detailed.
Italian corporate lending rises 3.2% in June as demand strengthens
Bank lending to Italian companies grew at the fastest pace in months, signaling tentative recovery in business credit amid shifting economic conditions.
ECB, Frankfurt Symphony to host Europa Open Air concert in 2026
The European Central Bank and Frankfurt Radio Symphony will stage a free public concert on August 20, 2026, at the ECB’s Frankfurt headquarters.
German yields rise to Aug. 3 high on energy-driven inflation fears
Benchmark 10-year Bund yields hit their highest level since early August as surging energy prices fuel concerns over persistent inflation in Europe.
ECB Unveils Shortlisted Banknote Designs and Opens Survey
The European Central Bank has released the shortlisted designs for its upcoming euro banknote redesign and opened a public survey.
ECB Governing Council Releases Non-Interest Rate Policy Decisions
The European Central Bank has published a summary of decisions taken by its Governing Council beyond standard interest rate settings.
ECB wage tracker shows 2.7% growth in Q1 2027, signaling stable wage pressures
The European Central Bank's wage tracker indicated negotiated wage growth of 2.7% year‑on‑year in the first quarter of 2027, suggesting that wage pressures remain stable.