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ECB raises interest rates to 2.5% and warns Iran war is fuelling inflation

Borrowing costs climb in Europe and oil tops $105 a barrel as bank says growing price pressures in eurozone will be ‘longer lasting than we had anticipated’

The Guardian - UK

ECB raises interest rates as Iran war fuels inflation fears

The European Central Bank increased interest rates again this year. This action aims to control inflation fueled by energy prices and conflict. The bank now forecasts inflation remaining above its target for some time. Economic growth projections were also adjusted upwards by the central bank. Markets anticipate further rate hikes…

The Economic Times

Global Market: ECB seen raising rates as Iran war fuels inflation fears

The European Central Bank is widely expected to raise interest rates to 2.50% on Thursday as soaring energy prices amid the Iran war fuel fresh inflation concerns. With inflation above its 2% target and the euro zone economy proving resilient, markets are pricing in further ECB rate hikes.

The Economic Times

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A European Central Bank rate hike is all but certain, the reasoning less so

The European Central Bank is all but certain to raise interest rates on Thursday, with investors pricing the move at near-total probability, but the decision is more awkward than the numbers suggest as inflation is being driven almost entirely by energy with underlying pressures actually easing.

Euronews

Rupee endures sharpest fall in over a month as Brent oil barrels towards $100

The Indian rupee saw its most significant drop since late July on Tuesday, primarily driven by escalating oil prices nearing $100 a barrel. The situation intensified with increased geopolitical unrest triggered by assaults on Saudi energy facilities and Iranian provocations. Concurrently, emerging market currencies struggled, and Asian stock indices fell.…

The Economic Times

Rupee ends flat, hemmed in by RBI intervention, oil pangs

The Indian rupee remained steady on Monday, supported by central bank intervention. Rising oil prices and concerns over energy flows also influenced currency markets. The Reserve Bank of India sold dollars to maintain the rupee's value. Traders anticipate Federal Reserve rate hikes after recent labor data. Market focus now shifts…

The Economic Times

Little change in European stocks as US equities fall amid strong jobs data

The FTSE 100 index closed down 0.43 of a point at 10,831.09 on Friday, contributing to a 0.4% increase for the week.

Evening Standard

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Why a longer working week may not fix Volkswagen's woes

German automakers face high labor costs and foreign competition. Calls are rising to extend the standard 35-hour work week to 40 hours. This change could potentially reduce costs for German auto plants. However, experts doubt it will solve structural issues or demand problems. Unions advocate for cooperation, citing past successful…

The Economic Times

Iran’s currency hits record low – as it happened

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The Guardian - UK

Bond market sell-off calms as oil price drops, and Burnham pledges ‘fiscal responsibility’ – as it happened

Rolling coverage of the latest economic and financial news

The Guardian - UK

Global Markets | European shares rise as French stocks rebound; markets digest Warsh speech

European stock markets experienced a slight uptick this week, buoyed by a notable recovery in French equities. Investors keenly scrutinized remarks from Federal Reserve Chair Kevin Warsh for insights into future monetary policies. With a downward revision in French GDP growth, concerns loom over the economy, prompting traders to adjust…

The Economic Times

AI Is Keeping the Global Economy Afloat. The Investment Craze Is Helping Offset the Iran War.

AI spending is supporting the U.S. economy directly while creating another powerful source of demand for Asian economies that manufacture chips and other technology components.

International Business Times

FTSE 100 drifts lower as eyes turn to Nvidia

The chip maker was expected to release earnings after Wall Street closes.

Evening Standard

Sterling hovers near six-month high underpinned by BoE rate hike expectations

The pound is maintaining its position close to a six-month peak against the dollar, buoyed by expectations of interest rate hikes. However, analysts predict a minor decline in currency value as year-end economic data rolls in. Attention turns to soaring government debt ahead of the October budget announcement, as the…

The Economic Times

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AAP

Fast-evolving online scams fleece millions from Aussies

Total losses from online scams seem to be falling, but with artificial intelligence and digital connectedness on the increase, the future is uncertain.

The Economic Times

US dollar at 3-month low as Treasury moves to soothe bond jitters

The U.S. dollar weakened near three-month lows as Treasury bond buybacks calmed markets. Long-term Treasury yields retreated from recent nineteen-year highs after the Treasury's announcement. Federal Reserve meeting minutes revealed policymakers' concerns about persistent inflation and potential rate hikes. The Japanese yen found some relief from its recent sharp depreciation…

The Economic Times

Rupee hits three-week low, traders wary about fall to 96/USD as RBI stands guard

On Wednesday, the Indian rupee hit its lowest point since late July, primarily due to high oil prices and sustained demand for the dollar. Despite this, the Reserve Bank of India's interventions helped to temper the rupee's fall. The escalating crude oil costs have contributed negatively to its value, as…

Evening Standard

FTSE 100 holds modest gains with oil stocks up amid rising prices

The FTSE 100 index closed up 7.74 points, or 0.1%, at 10,728.04.

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The Economic Times

Bond markets from US to Japan whacked as inflation and fiscal worries take hold

Global borrowing costs are hitting multi-decade highs again as inflation fears rise. The United States has seen its 30-year Treasury yields surpassing five percent, while Japan's 10-year borrowing costs approach a peak not seen in nearly 30 years. Additionally, long-term yields in Europe have reached some of their highest levels…

The Economic Times

Rupee ends marginally lower as central bank shields from oil, yield strain

The Indian rupee experienced a minor decline on Tuesday, with speculation that the Reserve Bank of India intervened to bolster its position. Contributing factors included high oil prices and climbing global bond yields, which put additional stress on the currency. Concurrently, yields on Indian government bonds rose, and there was…

Barchart

Stocks Set to Open Higher on Tech Boost, Fed Minutes and Retail Earnings Awaited

September S&P 500 E-Mini futures (ESU26) are up +0.14%, and September Nasdaq 100 E-Mini futures (NQU26) are up +0.46% this morning as investors kicked off the new week by piling into tech stocks amid fresh evidence of surging AI demand.

The Economic Times

Rupee slips, muted price action sinks volatility expectations to five-month low

The Indian rupee weakened a bit on Thursday, primarily influenced by dollar outflows, with derivative maturities and overseas debt repayments adding to its descent. The central bank's active interventions kept volatility in check this week. Meanwhile, Brent crude oil prices dropped amid diminished global demand, and India's trade deficit climbed…

Barchart

Nasdaq Futures Climb as CoreWeave and Super Micro Provide a Boost, U.S. Inflation Data in Focus

September Nasdaq 100 E-Mini futures (NQU26) are up +0.71% this morning as stellar earnings from CoreWeave and Super Micro Computer boosted sentiment.

The Economic Times

Dollar subdued as markets await US inflation data for Fed clues

As Asian markets greeted Wednesday, the dollar maintained its steadiness. Currency investors eagerly anticipated key inflation data from the United States to gauge interest rate shifts. In response to assaults on shipping routes, oil prices experienced a modest rise. Meanwhile, the yen lingered near its monthly lows despite collaborative intervention.…

The Economic Times

Rupee weakness cushioned by central bank intervention, shorts grow wary

The Indian rupee ended the day with minimal fluctuations, influenced primarily by oil market dynamics and moves from the central bank. State-owned banks reportedly intervened by supplying dollars on behalf of the Reserve Bank of India, helping to buffer the currency against rising oil costs and global tensions. Traders are…

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