RBC BlueBay Asset Management is betting on more bond market losses on the view that Germany’s fiscal overhaul will lead the European Central Bank to stop cutting interest rates.
(Bloomberg) -- European Central Bank officials ... there’s been scant pushback against the six quarter-point reductions in the ECB’s deposit rate since last June. President Christine Lagarde ...
President Donald Trump’s frenzied tariff barrage has been marked by reversals and faulty rollouts, baffling US trading partners and businesses while raising questions about the aims of his signature policy.
European stocks recouped the day’s declines as President Donald Trump said he will exempt Mexico from his new 25% tariffs on any goods and services that fall under the North American trade agreement.The Stoxx Europe 600 Index was little changed by the close,
The market now expects less than three ECB rate cuts this year; the market had expected more than three cuts earlier this week. There has also been an increase in the ECB’s neutral rate from 1.8% at the start of this week, to 1.97% on Wednesday. The market is also starting to price in rate hikes from early 2026.