EURAUD EUR/AUD
- 1.63063
- -0.00261-0.16%
EUR/AUD News
The euro rose slightly during the day as inflation data may cause the ECB to be cautious
GLONGHUI, May 31 | Matthew Ryan, head of market strategy at global financial services company Ebury, said the data showed that the Eurozone CPI rose to 2.6% year on year from 2.4% in April, which indicates that the ECB may be cautious about further interest rate cuts after expecting interest rate cuts next week, and the euro rose as a result. He said that the overall inflation rate and core inflation rate are higher than expected, which will “give ECB Governing Council members some headache, and will undoubtedly bring new uncertainty to the ECB's interest rate trend.” He said that the swap market currently does not fully reflect the ECB's December
Penson Macro: Rising inflation in the Eurozone will kill the possibility that the ECB will cut interest rates a second time in the summer
GLONGHUI, May 31 | Penson macroeconomist Claus Vistesen said in a report that higher-than-expected inflation in the Eurozone in May completely killed hopes for the ECB to cut interest rates for the second time in the summer. He stressed that the service sector inflation rate jumped to 4.1% from 3.7% in April, which indicates that the core inflation rate will become sticky in the future. He commented that the May data is almost certainly due to the reversal of the impact of Easter in March and the base effect in the transportation industry with the arrival of the 12-month anniversary of the introduction of discount tickets in Germany. “Having said that, this is a dovish of the ECB
On May 31, ECB Governing Council Fabio Panetta said that the ECB should not delay cutting interest rates if doing so may cause it to have to take more aggressive action later. “Even if key interest rates are lowered a few times, the monetary policy stance
On May 31, ECB Governing Council Fabio Panetta said that the ECB should not delay cutting interest rates if doing so may cause it to have to take more aggressive action later. “Even if key interest rates are lowered a few times, the monetary policy stance will still be tight,” Panetta said. “When planning a path to cut interest rates, we should keep in mind that decisive and gradual action is better than acting hastily to contain macroeconomic fluctuations.”
The unexpected rise in inflation in the Eurozone in May prompted the ECB to carefully consider the pace of future interest rate cuts
GRONGHUI, May 31 | Data released on Friday showed that inflation in the Eurozone rose in May, indicating that the ECB is still facing a slow and uncertain process in controlling prices. Although a higher-than-expected increase in inflation is unlikely to prevent the ECB from cutting borrowing costs from record highs next week, it may give the ECB more reason to suspend interest rate cuts in July and slow down the pace of interest rate cuts in the coming months. Today's data is likely to echo higher-than-expected wage increases in the first quarter of this year. After years of wage increases below the level of inflation, wage increases in the first quarter of this year boosted consumers' disposable income.
Eurozone CPI monthly rate of 0.2% in May, expected 0.20%, previous value 0.60%. The initial CPI rate for the Eurozone in May was 2.6%, expected to be 2.50%, and the previous value was 2.40%. The Eurozone core CPI was initially 2.9% per annum in May, expec
Eurozone CPI monthly rate of 0.2% in May, expected 0.20%, previous value 0.60%. The initial CPI rate for the Eurozone in May was 2.6%, expected to be 2.50%, and the previous value was 2.40%. The Eurozone core CPI was initially 2.9% per annum in May, expected to be 2.8%, and the previous value was 2.8%.
ECB Executive Director Panetta: Timely and gradual interest rate cuts can avoid cutting interest rates too late or too fast.
ECB Executive Director Panetta: Timely and gradual interest rate cuts can avoid cutting interest rates too late or too fast.
ECB Executive Director Panetta: In Italy, it is expected that by 2040, the decline in the working-age population will result in a 13% loss of GDP. Large Italian banks lag behind their European peers in IT investments and must spend more.
ECB Executive Director Panetta: In Italy, it is expected that by 2040, the decline in the working-age population will result in a 13% loss of GDP. Large Italian banks lag behind their European peers in IT investments and must spend more.
If the Reserve Bank of Australia raises interest rates in June, the Australian dollar is expected to rise to 0.69!
Market analyst Gary Howes wrote that if the Reserve Bank of Australia announces an interest rate hike at its next meeting on June 18, or strongly suggests a rate hike in the third quarter, this may push the Australian dollar to 0.69 against the US dollar, which is a high in June 2023.
Be wary of rising inflation! Expectations that the ECB will cut interest rates again after cutting interest rates in June may be lowered
Nearly three-quarters of respondents said that the Eurozone has its own inflation dynamics and is not just lagging behind the US. However, only 6% think the ECB can completely break away from the Federal Reserve in setting interest rates.
ECB Seen Making Fewer Rate Cuts in Fight to Curb Inflation Risks
Economists are dialing back their expectations for how far the European Central Bank will lower interest rates after it starts cutting next week, according to a Bloomberg survey.
Eurozone May Grow Slowly as Confidence Creaks Higher -- Market Talk
A weak rise in confidence among eurozone consumers and business points to anemic growth in the bloc, Lily Millard at Capital Economics writes in a note.
Eurozone economic confidence grows as economic recovery strengthens
GLONGE, May 30 | Economic confidence in the Eurozone has improved as the Eurozone rebounds from a slight recession in the second half of last year. A sentiment indicator released by the European Commission on Thursday rose from 95.6 last month to 96 in May. The industrial confidence index and service sector index were better than in April, and the consumer confidence index also increased. According to the S&P Global Business Survey last week, economic recovery is on a steady footing, and private enterprise activity has reached its highest level in a year. The labor market also remains strong. Eurostat said on Thursday that the unemployment rate fell to 6.4% in April from 6.5% in March, while at the same time, due to inflation
Eurozone Firms, Consumers Proffer Sunnier Mood in May
Confidence among consumers and businesses alike improved in the eurozone this month as the bloc looks increasingly sure of a soft landing from recent years' high inflation and interest rates.
Eurozone Unemployment Reaches New Low
The eurozone's unemployment rate fell to a record low in April, a sign that the jobs market is stronger than the European Central Bank had anticipated as it prepares to cut its key rate next week.
Italian Unemployment Rate Unexpectedly Falls to 6.9% in April
Italy's unemployment rate came in at 6.9% in April, down from the revised 7.1% in March, the national statistics agency Istat said Thursday.
European Central Bank Faces Tough Decisions as Spanish Inflation Accelerates
GRONGHUI, May 30 | According to data released by the Spanish National Bureau of Statistics on Thursday, Spain's May CPI increased 3.8% year on year, an acceleration from the previous month, marking the third month in a row of rising inflation. In addition to the accelerated rise in prices in Spain, inflation in Germany also accelerated this month. Furthermore, inflation in France is also expected to rise in May. This trend shows that as the ECB strives to reduce inflation to a sustainable low level in the Eurozone, obstacles remain on the path to fighting inflation. Outsiders generally expect that the ECB will lower the benchmark interest rate at next week's policy meeting, but further interest rate cuts are still uncertain
Spanish Inflation Accelerates for Third Month as Energy Aid Ends
Spanish inflation quickened for a third month as the rollback of government support to contain energy crisis continued to push prices higher.
Spanish Inflation Rises Again
Consumer prices rose at a faster rate in Spain this month, adding to signs that Europe's battle against inflation isn't yet won.
ECB Expected to Follow Up June Rate Cut With Reduction in September -- Market Talk
The European Central Bank is set to initiate monetary policy easing with a 25 basis point interest-rate cut on June 6 but it will wait until September before considering reducing rates again, given prevailing inflation risks, Jussi Hiljanen, chief strategist for euro and dollar rates at SEB Research, says in a note.
Australian Private Capital New Spending Rises 1% in March Quarter
Australian private capital new spending rose 1% in the March quarter, 5.5% higher than a year ago, according to data released Thursday by the Australian Bureau of Statistics.