The Latest Breaking News from ING

Soaring tech valuations could drop amid potentially ‘disappointing’ progress on AI, central bank says; gold has doubled in two years and extends 50% rally so far this year

France’s political crisis is fuelling economic and market uncertainty, with risks to growth and compliance with EU borrowing rules. Bond spreads have widened, reforms are stalled, and analysts warn the ECB may need to act if the situation continues to deteriorate.

The copper market has been jolted by disruptions at Indonesia’s Grasberg mine, with ripple effects spreading across supply forecasts and price expectations. With the mine operator declaring force majeure, Goldman Sachs slashed its mine supply outlook for 2025 and 2026, turning a projected surplus into deficit territory.

For months, US President Donald Trump has been piling pressure on the Federal Reserve over delayed cuts to interest rates, casting the institution's independence into doubt.

European stocks rallied on Thursday after the Fed cut rates to 4.00%–4.25% and signalled more easing. Markets cheered the dovish tone, boosting equities across the eurozone, with tech and bank shares leading the gains.

Makeup sales, marketing shifts, Labubu dolls. Gen Z has a lot of thoughts on what signals a recession.

Slowing growth in factory output and retail sales prompts calls for fresh economic stimulus

China's economy showed further signs of weakness last month, with key data Monday revealing factory output and consumption rising at their weakest pace for around a year.

France on Friday risks a downgrade on its ability to pay back debts, economists said, a move that would further complicate new Prime Minister Sebastien Lecornu's task of drawing up a budget for next year.