The Latest Breaking News from the European Central Bank

Euro zone bond selloff hits pause, yields fall from multi-year highs

Germany's 10-year bond yield experienced a slight decrease after reaching a 17-year high recently. Rising global interest rates are driven by strong economic growth and elevated energy prices. The European Central Bank may implement additional rate hikes to combat inflationary pressures. Money markets are pricing in nearly four quarter-point hikes…

The Economic Times · 13h ago

Stock Index Futures Slip as Oil Snaps Five-Day Losing Run; PMI Data and Fed Speak on Tap

December S&P 500 E-Mini futures (ESZ26) are down -0.10%, and December Nasdaq 100 E-Mini futures (NQZ26) are down -0.22% this morning, pointing to a lower open on Wall Street as bond yields rose after oil prices snapped a five-day losing streak.

Barchart · Sep 23

Global Market: ECB launches blockchain payment service, to invest in digital securities

The European Central Bank launched Pontes, a new service connecting its payment infrastructure with blockchain markets for euro settlements. The ECB also plans to invest a portion of its EUR 23 billion own funds in digital securities, while developing a retail digital euro targeted for a 2029 release.

The Economic Times · Sep 22

Europe's Gold Exodus: Why Central Banks Are Pulling Billions Out of U.S. Vaults

The Netherlands, France and Germany are shifting billions in gold out of U.S. vaults as trust in Washington erodes. Here's what's driving it.

Latin Times · Sep 12

Global Market: Barclays expects ECB to raise rates again in December as inflation risks persist

Barclays expects the European Central Bank to raise interest rates by another 25 basis points in December as persistent inflation and higher energy prices keep pressure on policymakers. The forecast follows the ECB’s latest rate hike, while markets are pricing in a high probability of another increase as oil prices…

The Economic Times · Sep 11

Gold lingers near one-week low ahead of US CPI data

As U.S. rate hike expectations firmed up, gold prices remained near a one-week low. The market is gearing up for the pivotal U.S. consumer price index data set to be unveiled later today, heightening anticipation. Speculation swirls around a potential increase in borrowing costs by the Federal Reserve in its…

The Economic Times · Sep 11

Record heat and drought make this year's champagne stronger

For the first time, French champagne producers are allowed to sell their bubbly with more than 13% alcohol, as record heatwaves and drought have resulted in grapes containing unusually high levels of sugar. They fear that climate change may eventually force them to permanently rewrite the rules governing winemaking. Also…

France 24 · Sep 10

Shares fall as oil surge fuels inflation fears

Brent oil was quoted at 105.51 dollars a barrel.

Evening Standard · Sep 10

US oil jumps above $100 and stock futures slump

Amid the escalating U.S.-Iran conflict, crude oil prices in the U.S. have surged past one hundred dollars, leading to marked increases in global oil benchmarks that ripple through international markets. This surge coincides with a decline in U.S. stock futures, attributed to rising wholesale inflation in August. Meanwhile, the European…

The Economic Times · Sep 10

ECB raises interest rates as Iran war fuels inflation fears

The European Central Bank increased interest rates again this year. This action aims to control inflation fueled by energy prices and conflict. The bank now forecasts inflation remaining above its target for some time. Economic growth projections were also adjusted upwards by the central bank. Markets anticipate further rate hikes…

The Economic Times · Sep 10