European Central Bank leaves interest rates unchanged
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Euro Stays Lower
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In notes dated July 24, Goldman said it no longer expects the ECB to deliver a rate cut this year, while J.P. Morgan has pushed its rate-cut forecast to October from September previously. On Thursday, the ECB held policy rates unchanged at 2% after having cut interest rates eight times since June 2024.
European shares retreated on Friday, giving back gains from the previous session, as investors assessed mixed corporate earnings while awaiting updates on EU-U.S. trade discussions ahead of U.S. President Donald Trump's tariff deadline next week.
FTSE 100 snaps six-day winning streak amid a global equity sell-off, while the pound slides, with the euro at its strongest since April. June retail sales rebounded thanks to warm whether, but not as much as economists had expected.
Regional shares ended the Thursday session higher, as investors focused on U.S.-EU trade talks, the European Central Bank's widely anticipated interest rate hold and a flurry of corporate earnings.
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Benchmark deposit rate stands at 2%, its lowest since November 2022, while bank warns environment remains 'exceptionally' uncertain, especially due to trade disputes - Anadolu Ajansı
European bond yields and the euro rose, lifted by hopes for a EU-U.S. trade deal and the European Central Bank’s pause in its aggressive rate-cutting campaign. Germany's benchma
The European Central Bank, based in Frankfurt, has telegraphed its intention to lower its key interest rate to 3.75 percent from 4 percent.
European shares closed lower on Friday, as investors assessed mixed corporate earnings while awaiting updates on a framework of an EU-U.S. trade deal that officials said could be reached as early as this weekend.