Euro Gains 0.29% to $1.1611 -- Data Talk
Chile Announces Exchange Offer for Euro-Denominated Notes
EURO STOXX 50 Index Ends 1.44% Higher at 5297.07 -- Data Talk
ECB chief economist: The inflation drop to the 2% target has been "basically achieved."
Philip Lane, chief economist of the European Central Bank, stated in London on Tuesday that although prices remain high in certain areas, overall, the process of reducing the inflation rate to the 2% target is 'basically complete.'
Euro Could Have Limited Scope to Rise -- Market Talk
The Vice President of the European Central Bank, Godos, stated that fluctuations in oil prices will not affect the decline in inflation.
On June 24, Glonghui reported that European Central Bank Vice President Guindos stated that the recent fluctuations in commodity prices caused by the conflict between Israel and Iran would not change the inflation outlook for the Eurozone. Guindos said on Tuesday, "If oil prices rise - but it seems that oil prices are somewhat under control - this is a problem we have to consider. But the process of inflation declining is anchored. From what we see today, this process has not gone off track, not at all." Guindos mentioned that officials are satisfied with the trend of consumer prices, as the growth rate of consumer prices has fallen from record highs to just below the ECB’s target of 2%.
German Firms Focus More on Optimistic Future Than Uncertain Present -- Market Talk
The latest "shopping cart" of global central banks has been revealed: Gold, Euro, and Renminbi have become the new favorites!
A recent authoritative survey shows that central banks around the world are starting to double down on Gold, increasing their Shareholding in euros and renminbi, while last year's most popular dollar has now fallen out of favor.
Euro Credit Default Protection Costs Fall as Geopolitical Risks Recede -- Market Talk
ING Comments on Euro, Hungary's Forint, Czech Republic's Koruna
Sterling Could Recover Against Euro After Weak June -- Market Talk
Euro Credit Supply-Demand Dynamics Remain Favorable -- Market Talk
German Business Sentiment Climbs as Expectations Brighten -- Update
Euro, Eurozone Bonds Show Muted Reaction to Ifo, Bond Supply News -- Market Talk
German Ifo Business Climate Improves in June
Euro Rises as Oil Prices Fall on Israel-Iran Cease-Fire News -- Market Talk
Chile Announces Offering of Euro-Denominated New Notes and Intention to Conduct Exchange Offers
A member of the European Central Bank has sent a significant signal: a window for interest rate cuts may open in the next six months, while inflation expectations remain moderate.
Francois Villeroy de Galhau, a member of the European Central Bank management board, reiterated in an exclusive interview that the European Central Bank still retains the policy space to initiate interest rate cuts within the next six months.
The U.S.-China trade war and the chaos in the Middle East add variables. ECB council member Nagel: It is not advisable to set a predetermined interest rate path under high uncertainty.
European Central Bank Governing Council member Joachim Nagel stated that under the shadows cast on the economic outlook by U.S. trade policies and the situation in the Middle East, the bank should not commit to a specific interest rate adjustment path.
Euro Gains 0.46% to $1.1578 -- Data Talk