Frankfurt, Germany – Companies across the Euro zone are voicing concerns over a decelerating economy and the growing competitive pressure from China, according to a recent poll conducted by the European Central Bank (ECB). The survey, which gathered insights from 72 large firms in the euro area between June 23 and July 2, indicates a…
The EUR/USD currency pair exhibited limited movement in Friday’s trading session, navigating a landscape of calm market conditions despite the impact of strong economic data from the United States and a recent hawkish stance communicated by the European Central Bank (ECB). Following the ECB’s decision on Thursday to keep interest rates unchanged, accompanied by a…
The European Central Bank (ECB) announced on Thursday that it would keep its key interest rates unchanged following its July policy meeting, a decision widely anticipated by markets. This marks a pause after a series of seven consecutive rate cuts, signaling a wait-and-see approach amidst a complex economic landscape. The main refinancing operations interest rate,…
U.S. business activity expanded at a significantly slower pace in June, according to the latest S&P Global Flash US PMI Composite Output Index. The index registered 51.2, down from 54.3 in May, indicating a marked deceleration in growth momentum. The slowdown was evident across both the manufacturing and services sectors. The Flash US Services PMI…
Japanese Finance Minister Katsunobu Kato has announced that foreign exchange rates were not part of the bilateral trade agreement with the United States. This information was reported by Japan’s Kyodo news agency, based on remarks made by Mr. Kato to reporters at the Ministry of Finance. Previously, there were widespread expectations that Japan would face…
