The Latest Breaking News from ECB

The dollar index (DXY00 ) on Thursday fell by -0.80% and posted a 1-month low. Central bank divergence weighed on the dollar Thursday after the ECB raised interest rates by +25 bp and signaled another rate hike in July, whereas the Fed on Wednesday paused its rate hikes. Lower T-note...

Homeowners have been hit with another hammer blow of an interest rates hike, but Tanaiste Micheal Martin has promised help is soon coming

Morning Markets June E-Mini S&P 500 futures (ESM2 3) this morning are down -0.50%, and June Nasdaq 100 E-Mini futures (NQM2 3) are down -0.79%. U.S. stock index futures this morning are moderately lower on concern major central banks will keep interest rates higher for longer to contain inflation. The...

The European Central Bank (ECB) has raised its three key interest rates by 0.25% to their highest levels in more than 20 years. The ECB’s “main refinancing rate” which dictates the cost of borrowing across much of Europe, including for people with tracker mortgages in Ireland, will rise from 3.75%…

It now expects inflation to be even higher than previously thought.

Stock futures edge lower following Fed pause, China data; Markets still fighting Fed as Powell says July meeting 'live'; ECB rate decision up next amid recession slip, inflation spike; Adobe earnings will focus on AI potential for cloud software group and Kroger earnings on deck with Albertsons merger progress expected.

June S&P 500 futures (ESM23) are down -0.29%, and June Nasdaq 100 E-Mini futures (NQM23) are down -0.57% this morning after three major U.S. benchmark indices finished the regular session mixed as hawkish signals from the Federal Reserve weighed on sentiment, while investors also awaited key U.S. retail sales data.

The U_S_ Federal Reserve has hit “pause.”

UK mortgage holders face worst squeeze since 1990s crash, while Europe’s central bank hikes borrowing costs to battle inflation