ECB’s Kazaks: Warned that upside inflation risks remain intact
European Central Bank (ECB) Governing Council member Martins Kazaks said during the European trading session on Monday that the central bank would be ready to raise interest rates, while warning of upside inflation risks despite the finalization of a deal between the United States (US) and Iran.
Remarks
I still see upside risks to inflation.
The ECB is ready to act again if needed.
The ECB can move gradually.
Market reaction
No immediate response by the Euro (EUR), following comments from ECB's Kazaks. While EUR/USD trades 0.35% higher to near 1.1600 amid the risk-on mood.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Trump publicly calls Jensen Huang: The "AI danger theory" is a fraud, data center importance surpasses the internet
During his speech at the All-In Summit in Los Angeles, Nvidia CEO Jensen Huang received a call from Trump and put it on speaker. Trump dismissed the dangers of AI as a "scam" and compared data centers to "the oil of the next twenty or thirty years," claiming their importance "exceeds that of the internet." Jensen Huang immediately expressed agreement, stating that he "won't let (an AI slowdown) happen." However, these strong statements failed to boost the market, as Nvidia's stock fell by 3.4% that day, with tech stocks overall trending lower.
Claude AI Predicts Bitcoin Price as Strive Adds Another 469 BTC
US and European interest rate trends may diverge! Citadel Securities: Energy shocks and high interest rates may increase downward pressure on the European economy
Castle Securities believes that although energy price shocks and the tightening of monetary policy by the European Central Bank have driven European bond yields to continue rising, these two forces may ultimately also act as factors limiting further increases in yields.
Bank of America (BAC.US) once plunged 6% as CEO sends cautious signal: Q3 trading revenue expected to be flat year-over-year, investment banking fee income may fall short of expectations
Bank of America CEO Brian Moynihan stated that the bank's trading revenue for the third quarter is expected to be "roughly flat" compared to the same period last year, indicating that after strong growth in the first half of the year, the growth momentum of Wall Street trading businesses is slowing down.
Crypto prices
More
