The Bank of Japan is sitting still as scheduled, but the short-term rebound of the United States and Japan is also about to face key resistance, and Germany's fiscal move has pushed the euro to sound the overbought alarm. Can the Federal Reserve let it ignore the technical aspects and rise again tonight?
Hussain Mehdi, macro and investment strategist at HSBC Asset Management, said in a note that he expected the ECB to continue gradually cutting interest rates after cutting by 25 basis points on Thursday. Mr. Mehdi said the ECB's slow pace of rate cuts was likely to boost the performance of European risk assets. "Against the backdrop of fading US exceptionalism, we believe the global equity rally, including the outperformance of eurozone equities, will continue further in 2025."
Talk at the ECB's March meeting could be "very heated"... click to view...
Kremlin: (On the question of whether Ukraine can join the European Union) This is the sovereign right of any country, and we will not make any mandatory provisions on it.
The European Union's executive commission said on Friday it would respond "firmly and immediately" to tariff increases resulting from US President Donald Trump's proposed "reciprocal" trade policy, calling it unjustified and a step in the wrong direction. "The European Union maintains some of the lowest tariffs in the world and there is no reason for the US to increase tariffs on European Union exports," the commission said in a statement. More than 70 per cent of imports enter the European Unio...
European Central Bank Governing Council member Villeroy said that we may further cut interest rates. (Golden Ten)
Mr. Trump said last week that he would "absolutely" impose tariffs on the European Union. The European Union said it would "resolutely respond" if the United States imposed tariffs on the European Union, the latest sign of discontent with President Trump's trade policies, whose effects are spreading around the world. The use of tariffs is "harmful to all parties" and the European Union has expressed regret over Mr. Trump's decision to impose tariffs on Canada, Mexico and China.
Eurozone banks need a digital euro in response to U.S. President Donald Trump's efforts to promote a stablecoin, a cryptocurrency usually pegged to the U.S. dollar, European Central Bank board member Piero Cipollone said on Friday. That would help lure more customers away from banks and strengthen the case for the ECB to launch its own digital currency.
On January 22nd, the European Central Bank Governing Council Knott said that the obstacles to another interest rate cut next week are very small. The data is encouraging and confirms that we will return to our target. (Golden Ten)
European Central Bank Governing Council Member Knott said there are few obstacles to another interest rate cut next week. The data is encouraging and confirms that we will be back on target and hope to see the economy recover before making further judgments. (Golden Ten)
Although the market is not optimistic that the European Central Bank will cut interest rates significantly tonight, they generally predict that the central bank will become more dovish in the future.
Mr. Nagel, the European Central Bank's governing body, said on Wednesday that the central bank could cut interest rates again next week but that easing should be gradual and cautious. "Given that the process of falling inflation has largely proceeded as currently expected, at this stage I would not object if we continued to lower the policy rate," Mr. Nagel said on Wednesday. "But I will reserve my final judgment and will make my decision after reviewing the new macroeconomic forecasts for Decem...
Gold Ten Futures Special Everbright Futures Comments: Shipping broke out again today, and the European Line Consolidation 2502 contract rose by more than 10% during the session, closing at the 3,000-point integer mark. On the supply side, geopolitical conflicts continue to ferment, and container ships are still in a state of detour. Recently, a number of shipping companies announced an increase in freight rates starting from November 15, among which Hapag-Lloyd raised the freight rates for 20-fo...
European Central Bank Governing Council member Nagel said that service inflation in the euro area remains high; the European Central Bank should remain cautious and not rush to achieve results on interest rates; in the fight against inflation, the European Central Bank still needs to make efforts.
The European Central Bank's governing council, Muller, said that the best policy option is to cut interest rates cautiously; not to worry about falling behind the situation; and still believe that we will see a gradual economic recovery.