americaneconomy
The euro, serving as the official currency for 20 members of the European Union, has experienced a notable devaluation against the US dollar, declining approximately 2.2% since the start of 2024. Despite a recent minor uptick in the euro's value, the exchange rate between the two currencies, denoted as EUR/USD, has lingered at historically low levels, hovering just below 1.08 as of 14 May. This decline in the euro's strength can be largely attributed to a pronounced discrepancy in monetary policies pursued by the European Central Bank (ECB) and the US Federal Reserve (Fed), resulting in a wide...
Euronews (English)
European stock markets are poised for a positive weekly close with the FTSE 100 repeatedly refreshing new highs, amid growing bets for central banks to cut interest rates this year. Globally, Wall Street is on track for a three-week winning streak due to a setback in the US government bond yields. Asian stocks are mostly higher, supported by China's encouraging economic performance. EuropeOn a weekly performance, the FTSE 100 rose by 2.56%, the Euro Stoxx 600 climbed 2.47%, the DAX advanced by 4.38%, and the CAC 40 added 3.45%. The European stock market rally is broad-based, with all the secto...
Euronews (English)
Investor sentiment about Europe's economic prospects has substantially improved, according to the latest Bank of America European Fund Manager Survey. The survey, which polled 260 managers with assets under management totalling $719 billion (€578 billion) between 5 April and 11 April, shows that half of respondents now anticipate a stronger European economy over the next year - a steep rise from 21% last month, marking the highest level of optimism since July 2021. However, 36% of the panel still foresee a slowdown, attributing it to the lingering effects of monetary tightening, though this fi...
Euronews (English)
Amid ECB President Lagarde's hints on a June rate cut, the European stock markets continued to refresh their all-time highs with the Euro Stoxx 50 Index hitting above 4,900 and DAX topping 17,800 for the first time in history. The movement also mirrored a continuous record-breaking momentum on Wall Street after Fed Powell signalled to lower the interest rates sometime this year. The trajectory for the global market indicates a decline in government bond yields, reflecting expectations that central banks will initiate a rate-cut cycle in the second half of the year. Consequently, the US dollar ...
Euronews (English)
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