Brendon McCullum ‘gutted’ after being sacked as England Test coach Brendon McCullum will stay on as England’s white-ball coach, saying he ‘respects the decision’ The Guardian - UK · Jul 12
ECB to face no action over Ben Stokes retirement video amid ICC anti-corruption fears Stokes’ farewell address to the England dressing room attracted the attention of the ICC The Independent UK · Jul 10
EU lawmakers give digital euro the green light, but rollout still years away EU lawmakers on Thursday backed kickstarting negotiations on creating a digital version of the euro, as the European Union races to introduce the currency. Radio France Internationale · Jul 10
England Test team hit with new drinking rules but midnight curfew won’t fix a broken team culture COMMENT: Players have been told not to appear drunk during men’s cricket series, writes Lawrence Ostlere, as the ECB bids to improve the optics around Brand England The Independent UK · Jul 10
Global Market: Geopolitical risks return to centre stage for ECB as inflation fears resurface Fresh US-Iran hostilities have pushed the European Central Bank back to its inflation fight. Rising energy prices now threaten to reignite price pressures across the euro zone. This renewed conflict has heightened uncertainty around the inflation outlook for policymakers. Market expectations have shifted, with traders betting on further ECB rate… The Economic Times · Jul 10
Newsletter: Money talks, but first listen to Lagarde In today's newsletter: An exclusive interview with EBC President Christine Lagarde, the Spanish proposal of €850 billion of EU common borrowing, and ambassadors race to the 21st sanctions package against Russia finish line. Euronews · Jul 10
'I'm not a candidate': Lagarde tells Euronews as French election speculation grows Lagarde told Euronews that she is not "a candidate", while vowing to continue championing European ideals. Speculation that she could leave the ECB early to play an active role in the campaign is rife in Brussels and Paris. Euronews · Jul 9
'Digital euro will not replace cash,' Lagarde tells Euronews as negotiations advance European Central Bank President Christine Lagarde rejected claims in an exclusive interview with Euronews that the digital euro is designed to replace cash or allow the central bank to monitor payments, as the legislation entered a new phase following months of talks in the European Parliament. Euronews · Jul 9
Digital euro enters final round of EU negotiations The European Parliament and EU governments are entering the final phase of negotiations on the digital euro. The most sensitive issues include how fees will be shared and how banks and payment providers will be compensated. Euronews · Jul 9
Ben Stokes’ two-word response over ECB’s possible anti-corruption rule breach during retirement Test The ECB released a video of Stokes telling his England teammates of his impending retirement during the Trent Bridge Test which has left them in bother with the International Cricket Council The Independent UK · Jul 9
Stocks Weighed Down by Geopolitical Risks The S&P 500 Index ($SPX ) (SPY ) on Wednesday closed down -0.28%, the Dow Jones Industrial Average ($DOWI ) (DIA ) closed down -1.09%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) closed up +0.27%. September E-mini S&P futures (ESU26 ) fell -0.35%, and September E-mini Nasdaq futures... Barchart · Jul 8
Dollar Erases Early Gains as Stocks Rebound from Early Sell-Off The dollar index (DXY00 ) fell by -0.05% on Wednesday. The dollar gave up an early advance on Wednesday and posted modest losses as stocks recovered from their worst levels, which reduced liquidity demand for the dollar. The dollar initially moved higher on Wednesday amid the surge in crude oil... Barchart · Jul 8
Stocks Retreat on US-Iran Jitters The S&P 500 Index ($SPX ) (SPY ) today is down -0.79%, the Dow Jones Industrial Average ($DOWI ) (DIA ) is down -1.44%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is down -0.61%. September E-mini S&P futures (ESU26 ) are down -0.77%, and September E-mini Nasdaq futures... Barchart · Jul 8
Dollar Climbs on Escalation of Middle East Hostilities The dollar index (DXY00 ) is up by +0.09% today. The dollar is supported by today’s equity market slump, which has boosted liquidity demand for the currency. Also, higher crude oil prices today have pushed up inflation expectations and could persuade the Fed to keep monetary policy tight, a supportive... Barchart · Jul 8
The Economic Times · Jul 8 Global Market: Euro zone bond yields hit near one-month high as oil surge fuels ECB rate hike bets Euro zone government bond yields reached their highest levels in nearly a month. This rise followed a sharp jump in oil prices and heightened inflation concerns. Geopolitical tensions escalated after the United States and Iran exchanged military strikes. Money markets now price in more interest rate hikes by the European…
Euronews · Jul 7 ECB tells Europe's biggest banks to prepare for AI-powered cyber threats The European Central Bank has given the eurozone's largest lenders until the end of October to explain how they will strengthen their cyber defences against increasingly capable AI systems.
The Economic Times · Jul 7 ECB tells banks to draw up plans against AI attacks amid disruption fears European Central Bank requires banks to develop AI cyber threat plans. Banks must submit these detailed plans by October thirty-first. This action addresses growing concerns about advanced AI capabilities. Large-scale cyber disruptions could erode financial system trust and stability. Regulators are urging modernization and improved cyber hygiene across institutions.
The Economic Times · Jul 7 Global Market: Euro zone inflation risks persist despite oil price retreat, ECB's Schnabel warns ECB Executive Board member Isabel Schnabel said the euro zone economy has not returned to pre-war conditions despite lower oil prices, citing persistent core inflation, energy market risks and supply chain pressures. Her remarks suggest policymakers remain cautious on inflation, while another ECB official struck a more optimistic tone on…
The Economic Times · Jul 6 Global Market Today: Shares edge higher in Asia as oil dips, earnings loom Asian markets saw gains as Wall Street futures rose, buoyed by hopes of strong earnings and easing oil prices. Reduced inflation fears have lessened the likelihood of a near-term Federal Reserve rate hike, allowing investors to anticipate a tech profit boom driven by AI. Samsung Electronics is expected to report…
Euronews · Jul 3 Lagarde mulls leaving ECB early to play a role in French elections European Central Bank President Christine Lagarde said she is considering the possibility of taking part in the upcoming French elections, a move that could result in her stepping down from her post earlier than planned.
International Business Times · Jul 3 ECB President Lagarde Hints At Major Move Into French Politics That Could See Her Early Departure From The Post ECB President Christine Lagarde could leave her post before her tenure ends ahead of the French presidential elections.
The Guardian - UK · Jul 3 Stokes has left a vacuum – is McCullum really the coach to mould a young England team? The New Zealander was the right man to take on the job of persuading a group of jaded senior players to play brilliant cricket, but may not suit a rebuild
Barchart · Jul 2 Dollar Drops on US Job Weakness The dollar index (DXY00 ) fell to a 2-week low on Thursday and finished down by -0.52%. The dollar tumbled on Thursday after a weaker-than-expected US June payroll report, which dampened speculation that the Fed will tighten monetary policy anytime soon. The dollar was also under pressure on Thursday after...
Barchart · Jul 2 Dollar Tumbles on a Weak US Jobs Report The dollar index (DXY00 ) fell to a 2-week low today and is down by -0.68%. The dollar tumbled today on the weaker-than-expected US Jun payroll report, which dampened speculation that the Fed will tighten monetary policy anytime soon. The dollar is also under pressure amid weakness in crude oil...
The Guardian - UK · Jul 2 Bazball ends with a whimper to expose emptiness of English men’s cricket Trent Bridge was not just the end of Ben Stokes’ career, it was further confirmation that Bazball stood for nothing