GER30 Catches a Breath after Thursday’s Drop & the ECB’s Rate Hikes Signal
The European central bank signaled interest rates lift-off in July and more hikes ahead, sending the index lower on Thursday, which tries to react today
Senior Financial Editorial Writer
Nikos Tzabouras is a graduate of the Department of International & European Economic Studies at the Athens University of Economics and Business. With extensive experience in market analysis and a strong foundation in international relations, he brings a unique perspective to financial markets. Nikos emphasizes not only technical analysis but also on fundamentals and the growing influence of geopolitics on financial trends.
As a Senior Financial Editorial Writer, he delivers comprehensive and forward-looking insights across a wide range of asset classes, including equities, commodities, and currencies. His work explores how macroeconomic events, political developments, and global policies impact market dynamics, providing readers with a deeper understanding of both short-term movements and long-term trends.
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The European central bank signaled interest rates lift-off in July and more hikes ahead, sending the index lower on Thursday, which tries to react today
The European Central Bank (ECB) kept key interest rates unchanged as expected today, but pointed to rate lift-off in July and more hikes ahead, while raising its forecast for this year’s inflation
The Index has been consolidating since late-May, as renewed Fed hawkishness and stagflation fears halt its recovery, while investor prepare for new inflation update from the US
USOil consolidates today, as markets digest higher US inventories, elevated Chinese exports and lower global GDP forecasts, ahead of Friday’s US Inflation update
The tech giant hosts its 2022 Worldwide Developers Conference (WWDC) this week, having announced new products and features, including a Buy Now, Pay Later service for its Wallet
The World Bank slashed its Euro area and global GDP projections yesterday, while today we see cautious market sentiment after mixed economic releases and ahead of ECB’s policy decision on Thursday
The pair has started the week on the back foot, having rejected critical technical levels, while markets are edgy ahead of key events later in the week
The UK Prime Minister won the no-confidence vote on Monday, with 59% of the Tory MPs voting that they have confidence in their party leader
The Australian central bank (RBA) raised interest rates by 50 basis points today, which is more than baseline expectations and the largest upward adjustment since February 2000
Markets seem to be in a good mood today and XAU/USD trades with slight positive undertone, but lacks firm direction
Conservative members of the UK parliament will hold a no-confidence vote in Boris Johnson later today, in the aftermath of the Sue Gray report into the “party-gate”
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