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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

Euro and Pound Strengthen as Lower US Inflation

Favorable market conditions in the eurozone and the UK and lower US inflation could prompt the US Federal Reserve to consider rate cuts. As the euro and pound strengthen, the Fed might feel pressured to adjust rates to maintain the competitiveness of the dollar. Both the euro and stock markets across Europe climbed following the…

ByPexecoAugust 15, 20240Comments

Stocks

Why Magnificent Seven Stocks Just Had Their Worst Day on Record

KEY TAKEWAYS The Roundhill Magnificent Seven ETF suffered its largest daily decline on record on Wednesday. Investors fled America's tech giants after earnings reports from Tesla and Alphabet raised concerns about the cost of artificial intelligence investments and the sustainability of the Mag Seven's blistering earnings growth. Still, the group is expected to report that…

ByPexecoJuly 25, 20240Comments

Finance News

ECB’s Lagarde foresees a bumpy road to 2% inflation

ECB President Christine Lagarde highlighted the complex journey towards the 2% inflation target at the ECB Forum on Central Banking in Sintra. Christine Lagarde, President of the European Central Bank (ECB), highlighted the complex journey towards achieving the ECB's 2% inflation target during her address at the ECB Forum on Central Banking in Sintra on…

ByPexecoJuly 14, 20240Comments

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ECB urges caution on interest rate cuts amid inflation uncertainty

Euro and Pound Strengthen as Lower US Inflation

Why Magnificent Seven Stocks Just Had Their Worst Day on Record

ECB’s Lagarde foresees a bumpy road to 2% inflation