Portugal triggers EU budget safeguard clause over energy crisis The EU safeguard clause allows member states to cover energy-related costs in response to the crisis, just as they did in the field of defence. Euronews · Jun 11
ECB Hikes Interest Rates For The First Time Since 2023 Citing Iran War Pressures The European Central Bank hiked interest rates for the first time since 2023, citing the pressures from the war in Iran. International Business Times · Jun 11
US stocks rise and oil prices hold steady, even as worries and rates rise due to the Iran war The U.S. stock market is holding steadier, as the roller coaster for artificial-intelligence companies swings back upward AAP · Jun 11
ECB raises interest rates for the first time in three years as Iran war fuels inflation The European Central Bank has lifted its deposit facility rate by 0.25% to 2.25%, marking a decisive pivot back to tightening as the Iran war pushes eurozone inflation to its highest level in nearly three years. Euronews · Jun 11
Europe's central bank raises rates to fight inflation from Iran war, the Fed to decide next week The European Central Bank on Thursday became the first major central bank to raise interest rates in response to the Iran war The Independent UK · Jun 11
ECB raises eurozone interest rates as Iran war stokes inflation European Central Bank increases main deposit rate to 2.25%, with two further rises expected by next spring The Guardian - UK · Jun 11
European markets open cautiously ahead of ECB rate decision The European Central Bank is widely expected to raise interest rates for the first time since 2023 as policymakers respond to rising inflation fuelled by higher energy prices linked to the Iran war. Euronews · Jun 11
Middle East war is hurting eurozone economy, warns ECB, after announcing first interest rate rise since 2023 – as it happened European Central Bank has lifted interest rates and warned that the war in the Middle East is generating inflation pressures The Guardian - UK · Jun 11
Dollar shaky as investors weigh rate outlook, Middle East worries U.S. dollar weakened amid new Middle East strikes and rising consumer inflation, causing investor unease about the Federal Reserve's policy. Despite ongoing tit-for-tat strikes, market reactions were subdued, with analysts citing "news fatigue" and a craving for certainty. Meanwhile, the European Central Bank is poised to raise rates to combat… The Economic Times · Jun 11
Nasdaq Futures Plunge as Tech Selloff Deepens, U.S. Inflation Data in Focus June Nasdaq 100 E-Mini futures (NQM26) are down -1.61% this morning as investors continued to trim exposure to the technology sector, with the focus now turning to key U.S. inflation data. Barchart · Jun 10
Why the EU economy should embrace digital currencies to become less dependent on the US Compared to other parts of the world, the EU on the whole has been fairly reluctant to embrace digital economic innovation. The bloc has been suspicious of cryptocurrencies, and treated them as a potential threat to a financial system where stability is paramount. The Conversation · Jun 9
Global Markets: European shares edge higher with banks in the lead; the Middle East in focus European markets saw a rise on Tuesday. Banking stocks led the gains, with Italian lenders drawing attention. Tech stocks stabilized after recent volatility. GSK shares fell following a deal to acquire Nuvalent. UBS saw an increase on reports of potential capital requirement adjustments. Investors monitored developments in the Middle East… The Economic Times · Jun 9
ECB to hike rates as Mideast war pushes up inflation The European Central Bank is poised to raise interest rates for the first time in two and a half years, driven by escalating inflation fueled by the Iran war's energy shock. Despite concerns about slowing growth, the ECB aims to reassure markets by tackling rising consumer prices, which have surpassed… The Economic Times · Jun 8
China among top gold buyers as bullion overtakes US Treasuries in global reserves: ECB China is one of the world's largest buyers of gold as central banks shift towards the precious metal, which has overtaken US Treasuries to become the world's top reserve asset amid higher valuations and its appeal as a geopolitical hedge, the European Central Bank said. Bangkok Post · Jun 5
International Business Times · Jun 2 Gold Overtakes U.S. Bonds As The World's Top Reserve Asset, ECB Says Gold has overtaken U.S. government bonds as the world's top reserve asset, according to the European Central Bank.
The Economic Times · Jun 1 Global Market: Eurozone inflation stays above ECB target as fuel costs begin to filter through Inflation across the euro zone’s four largest economies stayed above the European Central Bank’s 2% target for a third consecutive month in May, driven by rising fuel costs linked to geopolitical tensions. With price pressures persisting in France, Germany, Italy and Spain, markets are increasingly pricing in the possibility of…
Euronews · May 31 Why your grocery bill is still eye-watering — even though inflation is 'under control'? Food inflation has fallen sharply from its 2023 peak — but European grocery prices are nearly a third higher than before the pandemic, and the reasons they stay high are structural.
The Economic Times · May 30 What is oil price prediction for Monday? Oil prices fall as US-Iran ceasefire talks support market sentiment What is oil price prediction for Monday? Oil prices ended lower on Friday as investors reacted to signs of progress in talks between the United States and Iran. Markets focused on the possibility of an extended ceasefire and the reopening of shipping routes through the Strait of Hormuz. Brent crude…
Euronews · May 29 ECB rate hike in focus as Eurozone's 'Big Four' report stubbornly high inflation Inflation picked up across the EU’s largest economies in May, driven by higher energy prices, fuelling expectations that the ECB will raise interest rates at its June meeting.
The Economic Times · May 28 ECB says holding rates in April was a 'close call' The European Central Bank keeping rates on hold in April was a "close call", minutes released Thursday said, the latest sign that the bank is preparing to raise the cost of borrowing. Adding to evidence of a hawkish shift in ECB communications, Thursday's minutes said keeping rates where they were…
The Economic Times · May 28 Central banks must maintain independence: ECB's Lagarde Monetary institutions worldwide need to maintain their independence, European Central Bank president Christine Lagarde said Thursday. Increasingly frequent economic shocks as well as declining trust in public institutions such as central banks threatened to weigh on their authority, Lagarde said.
The Economic Times · May 28 ECB chief economist sees persistent impact on inflation from Iran war Iran war impact: The European Central Bank's chief economist Philip Lane warns of lasting inflation from the Middle East conflict's energy shock. Even if the war ends quickly, energy costs may remain high. This could lead to further interest rate hikes by the ECB. Central banks must carefully manage monetary…
International Business Times · May 27 ECB Warns Risk Of Market Correction Rising As Stocks Hit Record Highs Fresh warnings from top European policymakers come as global stocks continue climbing despite mounting geopolitical and economic risks.
The Independent UK · May 21 Energy shock from Iran war to weigh on Europe's growth, boost inflation The European Union’s executive commission has cut its growth outlook and predicted higher inflation due to sharply higher energy prices from the war in Iran
Ballotpedia · May 20 New York replaces 2030 emissions goal with 2040 target In this week’s edition of Economy and Society: