european-central-bank
BusinessECB Hawks Push Back Against Bets on More and Bigger Cuts
FinanceECB Cuts Rates Once More as Euro Zone Economy Sags
InvestingECB Will Probably Cut Rates in Oct on Risk of Too Low Inflation: Villeroy
Top StoriesECB’s Top Conservative Shifts Tone With Sanguine Inflation Message
Euro Area Long-Dated Yields Rise After Sharp Drop, Geopolitics in Focus
Date: October 2, 2024
By Stefano Rebaudo (Reuters) – Euro area government bond yields rose on Wednesday, a day after long-dated yields posted their biggest daily fall since mid-June on concerns about economic growth. Data showed on Tuesday manufacturing activity across the euro zone declined at its fastest pace this year in September. Investors await U.S. jobs data due...
Bonds Rally, Dollar Firms as Traders Ponder Rate Cuts
Date: October 1, 2024
By Yoruk Bahceli (Reuters) –Government bonds rallied on Tuesday as euro zone inflation data boosted the case for faster European Central Bank rate cuts, while the dollar firmed after comments by Federal Reserve Chair Jerome Powell reined in bets on a second big U.S. rate cut. Oil prices fell even as Middle Eastern tensions escalated...
Big Banks Add October Cut to ECB Forecasts
Date: October 1, 2024
LONDON (Reuters) -Major brokerages, including Goldman Sachs and JPMorgan, now expect the European Central Bank to deliver a quarter-point cut at its Oct. 17 meeting, revising their forecasts on Friday on recent data showing economic weakness and slowing inflation. Market pricing now reflects around a 70% chance of such a rate cut, which would...
Sterling at Two-Year Peak Versus Euro After PMI Data
Date: September 24, 2024
(Reuters) – Sterling dipped against the dollar on Monday but touched a new two-year high versus the euro as business activity readings pointed to diverging economic cycles in the British and euro zone economies. The pound slipped 0.2% to $1.3298, hovering below a more than two-year high it touched against the dollar on Friday....
ECB Dents Traders’ Hopes for October Rate Cut
Date: September 13, 2024
By Yoruk Bahceli, Naomi Rovnick (Reuters) -Traders pared back their bets on back-to-back rate cuts from the European Central Bank for the rest of the year on Thursday, as policymakers provided little clarity on how willing they were to double down on monetary easing. Sources also told Reuters shortly after the ECB meeting that...
Tech Takes Stocks Higher as ECB Prepares Rate Cut
Date: September 12, 2024
By Marc Jones LONDON (Reuters) – Share markets enjoyed a fourth straight day of gains on Thursday as the prospect of another ECB rate cut pinned shorter-term euro zone borrowing costs near to their lowest level since the end of 2022, and the euro to a 4-month nadir. An overnight rally in supersized U.S. tech...