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ECB urges caution on interest rate cuts amid inflation uncertainty

The ECB is cautious on potential rate cuts, emphasising flexibility ahead of the 12 September meeting. Policymakers highlight uncertainty in the economic outlook and the need for data-driven policy decisions. The European Central Bank (ECB) is treading carefully on potential interest rate cuts, opting to approach its September meeting with an open mind and guided…

ByPexecoAugust 23, 20240Comments

News

Global Markets Plunge as US Recession Fears Intensify

Fears of a US recession are driving global market sell-offs. Equities dropped sharply, the dollar weakened, and bonds and the yen strengthened. Global financial markets are witnessing a wave of risk aversion, intensifying dynamics that had already begun to emerge late last week when disappointing US economic data sparked fears of a recession in the…

ByPexecoAugust 5, 20240Comments

Finance News

Germany’s business climate worsens in July: European stocks plunge

Germany's business sentiment worsened more than expected in July, marking the second consecutive monthly decline, bolstering fears that the Eurozone's largest economy is once again under pressure. Sentiment among German companies worsened more than anticipated in July, marking the second consecutive monthly decline, the ifo Institute reported on Thursday. DAX Chart Daily Time Frame The monthly…

ByPexecoJuly 26, 20240Comments

Stocks

Inside Allianz SE: A brief story & stock performance

Allianz Group, one of the top asset managers and insurers in the world, employs more than 157,000 people globally and serves 125 million* individual and business clients across nearly 70 countries. The Allianz Group’s total business volume in the 2023 fiscal year was close to 162 billion euros. At the end of the year, Allianz…

ByPexecoJuly 7, 20240Comments

European Central Bank ready to cut?

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ECB urges caution on interest rate cuts amid inflation uncertainty

Global Markets Plunge as US Recession Fears Intensify