(Bloomberg) — European stocks rose and bond yields across the euro area fell on Wednesday as worsening economic data and easing inflation underscored expectations for interest rate cuts next year. Most read by Bloomberg Germany’s 10-year government bond yield fell below 2% for the first time in nine months after a report showed producer prices … [Read more…]
22 minutes ago Norway’s central bank raises interest rates by 25 basis points Norway’s central bank said on Thursday it had raised its interest rates by 25 basis points, setting the key interest rate at 4.5%. Norges Bank Governor Ida Wolden Bache said in a statement that inflation remains too high despite the economic slowdown, … [Read more…]
Christine Lagarde, President of the European Central Bank (ECB). Bloomberg | Bloomberg | Getty Images FRANKFURT – The European Central Bank is meeting this week with investors who are closely watching when the Frankfurt institution might start cutting interest rates. It will be too early to declare victory in the fight against inflation, but with … [Read more…]
17 minutes ago Biggest riser: Royal Mail owner IDS rises 9% Shares in Royal Mail owner International Distributions Services rose more than 9% in early afternoon trading after Bank of America upgraded the stock to “buy” from “neutral” on the back of a promising recovery and a union agreement. 33 minutes ago Hargreaves Lansdown and … [Read more…]
An hour ago Biggest risers: Siemens Energy rises 7%, Alstom falls 10% Siemens Energy shares rose more than 7% in early trading after the company secured 7.5 billion euros ($8.15). billion) in project-related state guarantees from the federal government. The German economy ministry said late Tuesday that it had granted the backstop as part of … [Read more…]