Tag:

ECB

UAE & Middle East

Four Central Banks. Three Days. One Oil Shock None of Them Can Fix.

The BoJ, Fed, BoE and ECB all decide rates this week. None of them can cut. Some may have to hike. Hormuz is running every central bank's playbook now.
Economy

Europe Has the Money. It Does Not Have the Confidence to Spend It.

Euro area saving rate stuck at 15% despite 8 ECB rate cuts. Survey shows half of households save from fear of taxes, half from income anxiety. The war made it worse.
Economy

Europe’s Energy Bill Just Doubled. The ECB Cannot Cut Rates Into an Oil Shock.

ECB held at 2.00% and raised 2026 inflation to 2.6%. Growth cut to 0.9%. Markets now price hikes, not cuts. Europe's energy import bill just doubled.
Stocks

The STOXX 600 Lost 8 Percent in Five Weeks. The Recovery Trade Is Collateral Damage.

The STOXX 600 peaked at 628 on Feb 18. Five weeks later it sits at 575. Goldman forecast 8% returns. Lagarde says markets are too optimistic. What happened.
Europe

EUR/USD Lost Four Cents in Two Months. The ECB Just Told You It Cannot Get Them Back.

EUR/USD at 1.1506, down from 1.2016 in January. ECB revised inflation to 2.6% and growth to 0.9%. The euro is pricing stagflation. Here is what it means for your book.
Economy

Europe Was Told the Energy Crisis Would Be Targeted and Temporary. The Commission Just Blocked the Only Tool That Could Make It So.

Dombrovskis warned of a stagflationary shock that could cut EU growth by 0.6pp. Hours later the Commission blocked the fiscal escape clause. G7 meets Monday.
Economy

Four Central Banks Froze Rates in 48 Hours. The Easing Cycle Did Not Survive the Third Week of War.

The Fed, BoE, ECB and BOJ all froze rates within 24 hours. The BoE voted 9-0 for the first time since 2021. Markets now price hikes, not cuts. The cycle is over.
Economy

Eurozone Industrial Output Just Fell for the Second Straight Month. The Energy Shock Has Not Even Landed Yet.

Eurozone industrial output fell 1.2% year-on-year in January as Goldman cut growth to 1%. The ZEW crashed 58.8 points. The energy shock has barely started.