CHRISTINE LAGARDE
ECB set to hold rates steady with eye on France crisis
The European Central Bank is anticipated to maintain steady interest rates amidst controlled inflation and eased US tariff tensions, despite a new political crisis in France. ECB President Christine Lagarde voiced concerns about the potential impact of French political turmoil on markets and borrowing costs.
5 world market themes for the week ahead
Global markets brace for a week of pivotal economic data from the U.S., China, and Japan, alongside key central bank meetings. Investors are keenly awaiting the U.S. inflation report, influencing potential Federal Reserve rate cuts. Political uncertainties in France and Norway add to the market's cautious sentiment.
Debt at World War II levels? Ray Dalio warns US economy echoes 1930s chaos as America stays silent
US national debt crisis 2025: Ray Dalio of Bridgewater Associates sees US economy mirroring the 1930s. He cites rising debt and political unrest. Dalio fears government control and silenced voices. He predicts a debt crisis within three years. America's debt is high. Dalio is concerned about Federal Reserve independence. He points to government's Intel investment as a sign of control.
European shares recover as bond selloff stabilizes ahead of US data
European shares climbed on Wednesday, bouncing back from steep losses in the previous session, as a selloff in longer-dated bonds appeared to stabilize, while investors awaited U.S. job openings data.
Central bankers at Jackson Hole warn growth hinges on foreign workers
Central bankers at Jackson Hole warned that aging populations and shrinking workforces necessitate increased foreign labor to sustain economic growth. Leaders from Europe, Japan, and the UK emphasized migrant workers' crucial role in stabilizing economies. Without foreign labor, countries like Germany and Spain would face significant GDP reductions and hindered recoveries, highlighting immigration's economic importance.
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ECB rate cut talk may resume after September pause, sources say
European Central Bank may keep interest rates steady next month. Discussions on rate cuts might resume in autumn if the economy weakens. Earlier, ECB paused rate cuts due to resilient economy and inflation at target. US tariffs are within ECB expectations. Future rate cut talks depend on economic data, US tariffs impact, and Ukraine war situation.
ECB officials sticking to steady interest rates after trade deal
ECB officials are leaning towards holding interest rates steady in September, buoyed by growth and inflation trends aligning with June forecasts. The recent trade agreement between the EU and the US has eased concerns, though some uncertainties linger.
Gold price prediction: Bullion experts offer outlook for likely gold rate for September
Gold prices are likely to see some consolidation/correction in the coming week, analysts have predicted.
ECB's rebel voice bows out with plea for transparency
As Robert Holzmann prepares to depart from the European Central Bank, he suggests greater transparency in policy decisions. He proposes adopting a system similar to the Federal Reserve's dot plot or summarizing dissenting views to provide markets with more information. Holzmann believes this would be beneficial when the direction of monetary policy isn't clear-cut.
Is anybody fighting back in this trade war?
Donald Trump's trade policies, marked by tariffs unseen since the Great Depression, have reshaped global commerce, prompting concerns about economic consequences. While some predicted dire outcomes, the global economy has slowed but not crashed, with limited retaliation from other countries except China.
German bond yields hit four-month highs, bets wane on ECB cuts
German 10-year government bond yields hit their highest in four months on Friday, as fading conviction among investors for steeper rate cuts from the European Central Bank compounded a push out of safe havens on optimism over U.S.-EU trade talks.
ECB holds rates with US tariffs decision on horizon
The European Central Bank held interest rates steady Thursday as policymakers waited to see whether the eurozone would be hit by higher US tariffs threatened by President Donald Trump.
WEF spat heats up as founder Klaus Schwab denies misconduct
"I am in a position to refute all the accusations brought up against me," Schwab said in a statement, responding to a report in SonntagsZeitung. The Swiss newspaper said preliminary findings by Swiss law firm Homburger support allegations that Schwab manipulated economic reports published by the forum and submitted unjustifiably high expense claims.
Gita Gopinath to exit IMF in August, return to Harvard as professor
Gita Gopinath News: Gita Gopinath, the IMF's First Deputy Managing Director, is set to depart from her position at the end of August, as announced by the International Monetary Fund. She will be returning to Harvard University. Kristalina Georgieva, the IMF Managing Director, will announce Gopinath's successor in the near future.
European shares edge higher; investors eye trade developments
European shares experienced a slight increase amid ongoing trade deal uncertainties, with the STOXX 600 index rising by 0.2%. Concerns over potential U.S. tariffs and their global economic impact persist as the deadline approaches. Renault's projected loss on its Nissan stake further contributed to market caution, while investors await key discussions at the ECB forum.
ECB's Lagarde says 2% inflation target in reach
ECB President Christine Lagarde stated that the central bank is close to achieving its 2% medium-term inflation target, emphasizing financial stability as crucial for price stability. The ECB has lowered its inflation forecasts, projecting 2.0% inflation in 2025 and 1.6% in the coming year. Lagarde also mentioned that the ECB's digital currency project is nearing readiness, pending legislative approval.
Trade war resolution may require concessions from all, ECB's President Christine Lagarde says
Christine Lagarde said coercive trade policies cannot fix financial imbalances. She spoke in Beijing and urged policy adjustments to ease tensions. Lagarde noted a sharp rise in industrial policies boosting domestic capacity. She highlighted the surge in global demand from the United States. Lagarde suggested respecting global rules and forging mutually beneficial agreements. These steps can resolve the conflict.
ECB's Lagarde says she's determined to complete her term
European Central Bank President Christine Lagarde has dismissed speculation about her early departure. She affirmed her commitment to serving her full term. This commitment extends until October 2027. Lagarde's statement follows reports of a potential move to the World Economic Forum. Former WEF head Klaus Schwab had reportedly discussed the possibility with her.
ECB to increase rates in July: ECB president Christine Lagarde
Despite rising inflation, European Central Bank president Christine Lagarde has stated that it is "unlikely" for policymakers to declare the peak of interest rates soon. Lagarde estimated that the ECB's policy would be hence determined "meeting by meeting." However, she confirmed that the bank will continue to increase the rates in July.
Not so fast for world growth, says IMF
The fund will update its World Economic Outlook on Oct 9.
IMF's Lagarde found guilty in French tycoon payout trial; France voices trust
Christine Lagarde's lawyer said immediately after the ruling that his team would look into appealing the decision.
IMF Christine Lagarde chief to visit India next week
In addition to meeting the Prime Minister, Lagarde is also expected to meet Union Finance Minister Arun Jaitley.
Not seeking India's assurance on bid for IMF post: Lagarde
With India remaining non-committal on supporting her bid for IMF chief's post, French Finance Minister Christine Lagarde today said she was not seeking any assurance from the country for her candidature.
UK, Germany endorse Lagarde as new IMF head
Lagarde has emerged as a front-runner to replace Strauss-Kahn, also of France, who resigned this week to face charges that he tried to rape a hotel maid.
France wants emerging market nations to join G-7
Big emerging nations should be allowed to join the powerful Group of Seven forum that has a large say in global economic policy, French Finance Minister Christine Lagarde said.
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