· 1d · on MSN
ECB Just Cut Rates. Why the Fed and Europe Are on Different Paths.
· 22h
ECB and Fed Policy Split Sets Up the Euro for a Deeper Decline
Weak growth, ECB boost traders' euro area rate cut confidence
Traders grew more confident on Thursday that the European Central Bank would deliver three more rate cuts this year, as weak growth data followed by the bank's latest rate reduction highlighted the need for more easing.
· 1d · on MSN
Can Europe’s economy bounce back with rate cuts and deregulation?
· 1d · on MSN
European Central bank cuts benchmark rate by a quarter percentage point to boost stagnant economy
European Central Bank cuts its benchmark rate by 0.25%
The European Central Bank cut its key interest rate on Thursday to boost an economy that’s struggling to grow as consumers burned by inflation warily eye price tags and businesses try to navigate political turmoil in leading economies France and Germany.
European stocks are expected to open in mixed territory Wednesday as global market jitters over AI tech rivalry between the U.S. and China eases.
The European Central Bank cut rates on Thursday, the Bank of Canada on Wednesday, and the Bank of England is likely to do so next week.
US gross domestic product grew by 2.8% in 2024, compared with just 0.7% in the Eurozone. Plagued by structural weaknesses and high energy costs, Europe is being led by the US in terms of growth, competitiveness and innovation.
Rising global borrowing costs show that investors “are already pricing in” the economic impact of Trump’s policies.
Shares of ASML jumped 10.6% after the Dutch company reported better-than-expected fourth-quarter bookings of 7.088 billion euros ($7.39 billion). Its peers ASM International, BE Semiconductor and Infineon gained between 2.7% and 7.5%. Technology was the top winning sector, soaring 4.5%.
Josh Lipsky, who runs international affairs think-tank the Atlantic Council's global CBDC tracker, says that though Trump's ban will have little impact domestically given the Federal Reserve has never shown real appetite for a "retail" digital dollar, it is still a blow.
Reuters, the news and media division of Thomson Reuters, is the world’s largest multimedia news provider, reaching billions of people worldwide every day. Reuters provides business, financial, national and international news to professionals via desktop terminals, the world's media organizations, industry events and directly to consumers.
The STOXX Europe 600 Index is up 31.91 points or 6.29% this month to 539.53 --This week it is up 9.46 points or 1.78% --Largest six week point gain since the week ending Dec. 8, 2023
The Fed left interest rates on hold at its January meeting and signaled that it was in no hurry to cut rates further. U.S. money markets currently price in just under two 25 basis-point rate cuts this year, with a first reduction unlikely until June.
US President Donald Trump is getting his wish that interest rates drop across the world, just not at home, where a strong economy and uncertainty over his own policies have set the stage for the Federal Reserve to diverge from its central bank peers.
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