Bonds
ECB to cut interest rates, but keep cautious stance amid uncertainty
Inflation likely won’t return to target until late next year, a new set of economic forecasts is expected to confirm Thursday.
These people want to run the EU’s economy
What the last of the anti-war Chicago Seven wants today’s protesters to know
BoE set for knife-edge decision on first rate cut
Europe’s €10 trillion gamble
Greece must get an important role in the Commission, prime minister tells von der Leyen
Washington’s most powerful interests don’t know whether to cheer Harris — or dread her
Would she bring continuity with Joe Biden’s policies? A more centrist vibe? A sharper progressive bite? Industries including tech, energy and pharma want to know.
ECB leaves rates unchanged, keeps door open to September cut
Lagarde shrugs off sticky inflation but takes a gloomier view of the economy.
How Taiwan conquered US politics — and showed Europe how it’s done
The island democracy off the coast of China has wooed friends in every U.S. faction and region — and that’s its greatest source of strength and protection.
Surging Le Pen threatens Macron’s European defense dreams
The far-right National Rally remains Euroskeptic and suspicious of NATO despite recent toned-down rhetoric.
US political uncertainty crashes central bank retreat in Portugal
Reports of financial chaos in France have been vastly overstated, Europe’s economic elite say. Instead, the U.S. election is the one to watch.
Investors too confused by French election to panic — yet
Markets will certainly make their position known if politicking threatens to stretch public finances.
The dirty little secret no politician will admit: There is no way to ‘go for growth’
Everything now is just a euphemism for financial repression and austerity. That doesn’t stop politicians looking for magical alternatives.
How French financial chaos could end Meloni’s market honeymoon
Meloni’s careful stewardship of the Italian economy has been rewarded by Europe’s famously fickle financial markets. But chaos across the Alps could draw unwanted attention to Italy’s huge debt pile.
Bardella revives market unease with pledge to claw back billions from EU
The leader of France’s National Rally reignited market unease after hinting that a major fight with the EU is still on the cards.
Macron’s wager puts France’s economy in peril
The rise of the far right is sending tremors through financial markets and could push French debt deeper into the danger zone.
Nigel Farage eyes debanking revenge with plan to hit bank profits
Reform UK thinks they can raise up to £40 billion to fund tax cuts by treating banks’ QE reserves differently.
Biden in Normandy says he prays Americans don’t become isolationists
In the first of his two addresses in France, Biden makes the case for international alliances.
‘Dire’ Ukraine situation has Denmark mulling mega shift on EU defense bonds
In addition to military situation, Foreign Minister Rasmussen says no guarantee recent U.S. package for Kyiv won’t be the last.
Tory MPs urge Hunt: Break the Bank of England’s QT doom loop
MPs are chafing at the cost of quantitative tightening.
Britain’s next financial crash is coming. This time it won’t be the banks.
Since the 2008 global financial crisis, regulators fear that the part of the financial system that sits outside of banks has absorbed all the risk.
Has the EU really just found €400B it could spend on defense?
Europe’s rescue fund has nothing left to rescue. It could now become governments’ silver bullet for military investment instead.
Scholz and Macron to hold secret dinner in Paris ahead of Xi’s visit
The meeting comes days ahead of Chinese leader’s trip to France and tensions over potential EU car tariffs
Liz Truss hates the Bank of England boss. That might just save him
Dubbed the “plank of England” by one newspaper, Andrew Bailey hasn’t always been the most popular figure — but, perversely, criticism from Truss has helped.
Londongrad forever? Why the UK may never seize Russian assets
Pledges to take Russian money to help Ukraine face a litany of legal and tactical quandaries.
Euro plunges, eyes parity with dollar after Lagarde’s go-it-alone pledge
The currency weakened as the ECB signals it plans start cutting rates before the Fed.
Once humiliated by inflation, the ECB is now saying it was right all along
The battle for the narrative has swung again, now that prices are (nearly) behaving themselves.
UK’s Cameron tells Europe: Pressure House Speaker Johnson on Ukraine
European foreign ministers have ‘a real role to play’ in lobbying the senior U.S. Republican, Britain’s top diplomat says.
Donald Tusk risks ECB brawl after move to put Polish bank boss on trial
Poland’s coalition is trying to rid public institutions of the former right-wing Law and Justice government’s influence.
Look away: The ECB is about to change its rules of engagement
But it would rather markets didn’t confuse the new structures with monetary policy.