Economy News

The euro and the British pound surged against the US dollar, with gold prices hitting a new high before retreating on Wednesday. This shift comes from growing expectations of rate cuts by the Federal Reserve, which have weakened the dollar. Following ...

Goldman Sachs economists suggest that a second term for Donald Trump could significantly impact the euro area’s economy. Growing market expectations of a Trump win have prompted analysis of potential repercussions, particularly concerning trade policy, defense spending, and U.S. domestic ...

Precious metals like gold and silver rebounded in July as expectations for major central banks, particularly the US Federal Reserve, to initiate rate cuts increased. Gold futures for August delivery rose approximately 3.4%, or $78 per ounce, from their low ...

Chinese electric vehicle giant BYD has committed to building a $1 billion car manufacturing plant in Turkey. This investment aims to address the increasing demand for new energy vehicles in the region and enhance access to European consumers.The move comes ...

Despite early selling, French government bond markets remained relatively stable on Monday following the second round of legislative elections. Initially, the 10-year French government bond yield increased by 3 basis points but soon settled at 3.221% by mid-morning in London. ...

The European Commission has confirmed the imposition of steep tariffs on Chinese-made battery electric vehicles (BEVs) as of July 5th, following a nine-month investigation that revealed extensive subsidies throughout China's BEV supply chain. These subsidies, identified from raw material mining to ...

Despite the European Central Bank (ECB) cutting rates by 25 basis points in June, President Christine Lagarde emphasized the uncertainties facing the euro area's economy. Speaking at a recent event, she cautioned against expecting a straightforward path for future rate cuts, ...

Germany's producer price index (PPI) for May revealed a year-on-year decline of -2.2%, a slight improvement from April's -3.3%, yet still marginally above the anticipated -2%. This marks the eleventh consecutive month of falling wholesale prices, largely driven by decreasing energy ...

This week, European stock markets showed signs of stabilization following recent sharp declines driven by political uncertainties. French government bond yields remained steady after the first bond sale since President Macron's call for a snap election, indicating that the previous ...

Solar energy use in the U.S. is rapidly expanding, outpacing all other electricity sources amid rising power demand. Despite criticism from the fossil fuel industry, which argues that renewables still make up a small portion of total power generation, solar ...

The Bank of England (BOE) is poised to maintain its current interest rates despite the U.K. achieving its 2% inflation target for the first time in nearly three years. As of Wednesday morning, the milestone was seen as a significant economic ...

In a notable turn of events, London has regained its status as Europe's premier equity market, overshadowing France, which has been plunged into turmoil by political uncertainty. The French benchmark index, the CAC 40, experienced a significant decline, falling 6.23% last ...

European stock markets rebounded strongly after facing losses earlier in the week, following the release of U.S. Consumer Price Index (CPI) data. Despite opening lower on Thursday, with France's CAC 40, Germany's DAX, and London's FTSE 100 all in the ...

No sooner had Chinese EV makers started to make headway in Europe than the European Union announced that it would impose higher tariffs on Chinese EVs, citing unfair subsidies that threaten the EU's EV industry. The EU bloc concluded that Chinese ...

Several European countries, including Hungary, Poland, Italy, and Spain, are intensifying efforts to attract Chinese electric vehicle (EV) manufacturers by offering lucrative incentives. The European Commission has expressed concerns about the increasing number of affordable Chinese EVs entering the market. However, ...