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The main European stock indexes opened higher, with the British FTSE 100 index rising by 2%. Germany's DAX index, France's CAC 40 index, Italy's FTSE index, and the European Stoxx 50 index are now up by about 2.4%.
Inflation in the eurozone will be lower than previously forecast because of higher US tariffs, according to an agency survey that supports the case for the European Central Bank's interest rate cut this week. Analysts expect consumer prices to rise by an average of 1.9 per cent in 2026 and 2 per cent in 2027, both forecasts revised down by 0.1 percentage points. They also expect the economy to grow by 0.8 per cent this year, slightly slower than previously thought, before expanding by...
Goldman Sachs: The European Central Bank is expected to cut interest rates by another 25 basis points in September, bringing the 2025 end point rate to 1.5%, compared with a previous forecast of 1.75%.
Money markets price the ECB's December deposit rate at 1.65 percent, the level it was at before U.S. President Donald Trump suspended tariffs.
According to a Reuters poll, 61 of 71 economists expect the European Central Bank to cut its deposit rate to 2.25 percent on April 17.
European Central Bank Governing Council Member Villeroy: Although Trump's decision to suspend tariffs is not bad news, there are still some elements of bad news in the United States.
ECB Governing Council Member Villeroy: Protectionism remains a headwind in the US economy.
Money markets are forecasting the ECB's deposit rate at 1.83% in December, up from 1.65% on Wednesday evening.
Traders cut expectations for a rate cut by the ECB in 2025 and now expect a 67 basis points cut.
Traders cut expectations for the ECB to cut interest rates in 2025 and now expect a 67 basis points cut.
European Central Bank Governing Council Villeroy: The new US offensive requires "drastic economic choices".
European Central Bank Governing Council Holtzmann: At present, there is no reason to cut interest rates.
The European Central Bank is stepping up its warnings about stablecoin adoption, with one of its senior officials calling for the launch of a digital euro to curb the influence of dollar-pegged stablecoins on the continent. Piero Cipollone, a member of the ECB's executive board, wrote another article highlighting concerns about the growing popularity of dollar stablecoins. He argued that the launch of a central bank digital currency (CBDC) would help safeguard the monetary sovereignty of the eur...
The European Union said the counter-tariffs could be suspended if the United States reached a fair deal.
Europe's Stoxx 600 index fell 3% to 472.14.
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