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The Latest Breaking News from ECB

Central Bankers Maintain Their Hawkish Bias at ECB’s Policy Forum

Central bank chiefs kept up their hawkish language as they appeared today on a policy panel at the ECB’s policy retreat in Sintra, Portugal. Fed Chair Powell said he won’t take two consecutive rate hikes off the table “at all.” Powell also said, “Policy hasn’t been restrictive for very long....

Stocks Mildly Lower on Hawkish Central Bankers

Stocks Mildly Lower on Hawkish Central Bankers

What you need to know… The S&P 500 Index ($SPX ) (SPY ) today is down -0.32%, the Dow Jones Industrials Index ($DOWI ) (DIA ) is down -0.41%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is down -0.25%. Stocks are mildly lower this morning as central bank...

Ex-Essex player Jahid Ahmed: Racism probe being dragged out to protect accused

Ex-Essex player Jahid Ahmed: Racism probe being dragged out to protect accused

Ahmed first made his allegations in 2021.

The Independent UK

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Markets Today: Stocks Mildly Lower on Negative AI News

Morning Markets September E-Mini S&P 500 futures (ESU2 3) this morning are down -0.20%, and Sep Nasdaq 100 E-Mini futures (NQU2 3) are down -0.38%. Nvidia (NVDA ) and other AI chip stocks are leading the markets lower this morning after the Wall Street Journal late Tuesday reported that the...

Racism case: Yorkshire County Cricket Club faces 500,000 pounds fine

According to British media reports, the England Wales Cricket Board (ECB) has informed an independent Cricket Discipline Commission (CDC) panel that Yorkshire should be imposed a fine of £500,000 ($636,600) and face point deductions due to their mishandling of racism allegations raised by former player Azeem Rafiq.

The Times of India

UK business minister says Thames Water must survive; Bank of England governor understands criticism over rate hike – as it happened

Rolling coverage of the latest economic and financial news, as government begins drawing up contingency plans for the collapse of Thames Water

The Guardian - UK

Stocks Rally on Resilient U.S. Economy

What you need to know… The S&P 500 Index ($SPX ) (SPY ) on Tuesday closed up +1.15%, the Dow Jones Industrials Index ($DOWI ) (DIA ) closed up +0.63%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) closed up +1.75%. Stocks rose on tech-stock leadership, with the Nasdaq...

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Euro Sees Support from Hawkish Lagarde Comments

Euro Sees Support from Hawkish Lagarde Comments

The dollar index (DXY00 ) Tuesday fell -0.21%, while EUR/USD (^EURUSD ) rose +0.43% on hawkish comments by ECB President Lagarde. USD/JPY (^USDJPY ) rose +0.37%. Tuesday’s May U.S. durable goods orders report of +1.7% m/m was stronger than expectations of -0.9%. Also, capital goods orders ex-defense and ex-aircraft, a...

I made my way in cricket but it is clear that was against the odds

I made my way in cricket but it is clear that was against the odds

The ICEC report will hopefully be seen as a landmark but the game reflects the society that exists around it

The Guardian - UK

Gloom at Yorkshire as proposed punishment emerges for scandal

Gloom at Yorkshire as proposed punishment emerges for scandal

Threat of huge fines and points deductions after racism scandal means darkness in the skies and among supporters

The Guardian - UK

Crude Oil Prices Close Lower as Economic Concerns Dominate

Crude Oil Prices Close Lower as Economic Concerns Dominate

August WTI crude oil (CLQ23 ) Tuesday closed down -1.67 (-2.41%), and Aug RBOB gasoline (RBQ23 ) closed down -3.27 (-1.33%). Crude oil fell as concern resurfaced about Chinese and global economic growth. ECB President Lagarde Tuesday reiterated hawkish comments. Also, there is no longer any concern about Russian oil...

The Guardian view on cricket: infused with racial, sex- and class-based bigotry

The Guardian view on cricket: infused with racial, sex- and class-based bigotry

Editorial: To understand the nature and extent of inequity requires going beyond the game to history itself

The Guardian - UK

Rishi Sunak demands sport 'be open to everyone' after damning report into cricket

Rishi Sunak demands sport 'be open to everyone' after damning report into cricket

The Winchester-educated PM has previously spoken of his love for the sport, which has come under scrutiny since former Yorkshire spin bowler Azeem Rafiq’s allegations of racism in 2020

Crude Oil Prices Lower as Economic Concerns Dominate

Crude Oil Prices Lower as Economic Concerns Dominate

August WTI crude oil (CLQ23 ) today are down -0.78 (-1.12%), and Aug RBOB gasoline (RBQ23 ) are unchanged. Crude oil are lower today as concern resurfaces about Chinese and global economic growth. ECB President Lagarde today reiterated hawkish comments. Also, there is no longer any concern about Russian oil...

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Evening Standard

Yorkshire should get £500,000 fine and points deductions over Azeem Rafiq case, ECB recommends

The England and Wales Cricket Board (ECB) has recommended Yorkshire are hit with a £500,000 fine and hefty points deductions across all formats over their handling of the Azeem Rafiq case.

Euro’s Interest Rate Advantage Expected to Fade by Year-end

Today’s hawkish comments by ECB President Lagarde gave the euro (^EURUSD ) a small boost. However, the markets are expecting the ECB to be done tightening monetary policy by this autumn or winter, which would eliminate the euro’s current interest rate advantage. At the ECB’s retreat in Portugal, ECB President...

The Guardian - UK

ECB calls for Yorkshire to be hit with record fine over Rafiq scandal

The ECB has recommended Yorkshire be deducted points in all this season’s competitions and the Cricket Discipline Commission will announce their decision in July

Stocks Higher on Resilient U.S. Economy

What you need to know… The S&P 500 Index ($SPX ) (SPY ) today is up +0.35%, the Dow Jones Industrials Index ($DOWI ) (DIA ) is up +0.19%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is up +0.75%. Stocks are higher on tech stock leadership, with the...

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The Guardian - UK

Corporate profits drove up prices last year, says ECB president

Christine Lagarde says without a shift in corporate behaviour, interest rates will need to stay higher for longer

Markets Today: Stocks Slightly Higher on Resilient U.S. Economy

Morning Markets September E-Mini S&P 500 futures (ESU2 3) this morning are up +0.09%, and Sep Nasdaq 100 E-Mini futures (NQU2 3) are up +0.34%. Stocks are slightly higher after today’s U.S. durable goods orders report indicated resiliency in the U.S. economy. Today’s May U.S. durable goods orders report of...

The Independent UK

England captain Ben Stokes ‘deeply sorry’ for victims of cricket discrimination

Former England skipper Sir Andrew Strauss has called the ICEC report an “awakening” for cricket.

The Independent UK

What is the ICEC and where does cricket go from here?

The Independent Commission for Equity in Cricket’s wide-ranging report was published on Tuesday.

The Independent UK

ECB wants Yorkshire fined £500,000 and deducted points over Azeem Rafiq case

The sanctioning recommendations were made to an independent Cricket Discipline Commission panel in London on Tuesday.

Report finds racism, sexism and elitism rife in English cricket

Independent commission finds racism ‘entrenched’ and women were treated as ‘second-class citizens’ in English cricket.

The Independent UK

Europe's interest rates to stay high as long as needed to defeat inflation, central bank chief says

European Central Bank President Christine Lagarde is warning that inflation is holding its grip on the economy

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