Tag Archives: ECB

German Economy Minister Robert Habeck said in a radio interview that the European Union has not yet agreed to the Russian oil embargo, adding that Germany would be willing to abandon Hungary’s participation to speed up the implementation of the proposed embargo. “If the commission chairperson says 26 countries will …

Any sudden interruption in Russian gas supplies to the EU member states could push the Eurozone into recession, Fitch Ratings states that exposures are “so large that an immediate and total cessation of Russian natural gas supplies would result in gas shortages and rationing, causing a major macroeconomic shock”.The European …

Eurozone Consumer Confidence Index unexpectedly rose from -22.0 in April to -21.1 in May, according to the latest data release from the European Commission. That was slightly better than the small expected rise to -21.5, but still left the index close to multi-year lows, as EU consumers struggle amid surging …

unwinding support: de GuindosECB Vice President Luis de Guindos said, on Thursday, that inflation pressures in the eurozone will remain high in the near term but the European Central Bank must unwind stimulus cautiously and gradually given the presence of exceptional uncertainties,.“Medium-term inflation expectations remain anchored, close to our 2% …

The EUR/USD pair’s main trend is bearish but a firm recovery above 1.0650 could point to an interim bottom as the US dollar drops further amid an improvement in market sentiment. The EUR/USD has been surging since early European session and recently printed a fresh daily high at 1.0598. It …

Eurozone inflation held steady at a record high 7.4% in April, driven by soaring fuel and food costs, the EU’s statistics agency said today, lowering its estimate from a preliminary 7.5%. Inflation has soared over the past year, first on post-Covid supply bottlenecks and latterly on knock-on effects from Russia’s …

The euro rallied on Tuesday, helped by a rise in government bond yields as well as comments from a European Central Bank policymaker in which he said a half percentage point interest rate hike is possible.Klaas Knot told a Dutch television program said he favors a quarter-point rate hike, but …

The US dollar edged lower across the board as the American currency extended the bearish corrective decline that began on Monday. Positive US data has helped the case for a better market sentiment, with global indexes closing in the green.The underlying concerns remain the same. Tensions between Europe and Russia …

ECB President Christine Lagarde has allowed national central bank chiefs a bigger say in policy meetings, asking her board members to speak less and set aside more time for debate.Lagarde has told chief economist Philip Lane and board member Isabel Schnabel to limit their presentations and leave more space for …

The US dollar briefly edged higher at the beginning of the week but closed with modest losses against most rival currencies as equity markets changed direction. European indexes closed mixed, but Wall Street managed to post gains. Safe-haven currencies posted modest gains against the US dollar as well.Economic DataThis week, …