ECB Raises Rates for First Time Since 2023
The European Central Bank raised interest rates for the first time in almost three years, concluding it can no longer ignore the upswing in inflation caused by the Iran war. The deposit rate was lifted to 2.25% from 2%.
ECB hikes interest rates for first time since 2023 as Iran war ramps-up energy costs
ECB hikes interest rates for first time since 2023 as Iran war ramps-up energy costs
The ECB became the first major central bank to raise rates to tackle a war-driven resurgence in inflation
The closure of the Strait of Hormuz and ensuing jump in energy prices has dramatically altered the paths for central banks around the world.
European banks want simpler rules as region's annual investment gap hits €1.4 trillion
Europe faces a widening €1.4 trillion ($1.62 trillion) annual investment gap that risks holding back its economic objectives including energy transition, the European Banking Federation said on Tuesday, urging simpler rules to help banks finance growth.
Case for joint European debt is compelling, ECB's Patsalides says
It is time for Europe to give up its long-standing political resistance to joint debt issuance, as a large-scale safe asset would bolster the bloc's sovereignty and stability, Cypriot central bank chief Christodoulos Patsalides said on Sunday.
European shares hold steady as Middle East tensions keep investors cautious
European shares were largely steady at the open on Thursday as investors remained cautious amid ongoing developments in the Middle East. Market sentiment was also influenced by concerns surrounding the financial services sector, while company-specific updates drove notable moves in individual stocks.
European Gas Prices Fall But Winter Supply Risks Loom
European natural-gas prices fell after President Trump said talks with Iran were continuing, though losses were limited by uncertainty about whether they'll reach an agreement.
European markets edge down as geopolitical risks weigh
European shares opened lower on Monday as escalating tensions in the Middle East weighed on investor sentiment, while markets also reacted to corporate developments involving British airline easyJet and Amsterdam-listed Universal Music Group. The pan-European STOXX 600 index was down 0.1% at 0709 GMT, extending the subdued mood seen at the end of the previous week.
Six countries resist EU plan to reduce free carbon permits
An EU plan to gradually reduce the number of free CO2 permits given to industries has hit resistance from six governments that have demanded looser rules to help firms cope with the energy price impact of the Iran war, a document seen by Reuters showed.
European stocks set to open lower following U.S. strikes on Iran, mixed messages on peace talks
European stocks were set to open lower Tuesday, as traders watched developments in the Middle East and Ukraine.
European Gas Prices Down 5% on U.S.-Iran Talks Optimism
European natural-gas prices slid on signs that the U.S. and Iran were moving closer to a deal to reopen the Strait of Hormuz.
European shares rise on optimism over progress in US-Iran talks
European shares moved higher on Friday as investors responded positively to signs of progress in peace talks between the United States and Iran, despite both sides continuing to disagree on several major issues. The pan-European STOXX 600 index rose 0.5% to 623.79 points by 0703 GMT and was on track to close the week with gains.
