Tag Archives: Europe

The People’s Bank of China lowered the one-year base loan rate by 5 basis points to 3.65% at the central bank’s monthly fix on Monday, while the five-year base loan rate was lowered by 15 basis points to 4.30%. This came on the heels of last week’s surprising decision to …

European shares rose for the sixth consecutive session on Wednesday, boosted by a rally in financial stocks as investors focused on economic growth and inflation data in the eurozone due for release this week. The pan-European Stoxx 600 index rose 0.2 percent in early trading, hovering near its highest level …

Gold prices stabilized on Wednesday as investors awaited the release of the minutes of the Federal Reserve’s latest monetary policy meeting, looking for clues regarding interest rates amid signs of easing inflation. And the price of gold settled in spot transactions at 1776.75 dollars an ounce at 0708 GMT, after …

Gold price holds lower ground near one-week low after two-day downtrend. Mixed sentiment as well as the pre FOMC Minutes anxiety have kept the Gold Index stuck. Recession-related fears have been renewed and even gained major attention with China, Europe in focus.FOMC Minutes will be eyed closely to confirm 75 …

European shares extended gains for the fifth consecutive session on Tuesday, supported by the mining and defense sectors, although fears of a possible recession limited the pace of the indices’ upside. An internal European Union document shows the bloc plans to fivefold financial support for an African military mission in …

For over 30 years, nuclear power was one of Germany’s most troublesome debates. But with Russia cutting gas, Germans are reconsidering their political energy taboos. As soon as Angela Merkel pulled the plug on nuclear power after the Fukushima meltdown, Germany was placed on course to become the only leading …

The Eurozone economy expanded by 0.7% on the quarter in the three months to June of 2022, beating 0.2% expected and 0.6% previous, the preliminary release showed on Friday. On an annualized basis, the bloc’s GDP rate rose by 4.0% in Q2 vs. 5.4% booked in the first quarter of …

The Eurozone economy expanded by 0.6% on the quarter in the three months to March of 2022 vs. 0.3% prior, the final revision confirmed on Wednesday. The market consensus was for a reading of 0.3% in the reported period. On an annualized basis, the bloc’s GDP rate rose by 5.4% …

China’s Prime Minister Li Keqiang has recently warned that the country’s economy is struggling to stay on track, this sort of warning may have a projected impact on the Chinese global investment plans. Some economists believe that any slowdown will also hinder the China’s efforts to present itself as an …

European shares fell 1.7 percent on Thursday after heavy selling on Wall Street, as weak results from retail companies highlighted the impact of high inflation on the world’s largest economy. European retail stocks fell, following in the footsteps of their American counterparts, by 2.4 percent and was the biggest loser …