Watch: ECB President Christine Lagarde speaks after rate decision
European Central Bank President Christine Lagarde is giving a press conference following the bank’s latest monetary policy decision.
European Central Bank holds rates and trims its inflation forecast
The ECB also announced plans to accelerate the shrinking of its balance sheet as it brings all tools into tightening mode.
Retail sales rose 0.3% in November vs. expectations for a decline
Retail sales rose 0.3% in November, stronger than the 0.2% decline in October and better than the Dow Jones estimate for a decrease of 0.1%.
Bank of England leaves policy unchanged, says rates to stay high for ‘extended period’
The Bank of England kept its main interest rate unchanged at 5.25% and said monetary policy may “need to be restrictive for an extended period of time.”
Amazon wins $270 million tax fight with the EU
In 2017, the EU alleged Amazon received tax advantages in Luxembourg and ordered the U.S. firm to pay back 250 million euros.
Musk’s X hit with complaint alleging platform broke Europe’s strict privacy laws
The complaint, lodged by privacy activist Max Schrems, alleges that X unlawfully used people’s political and religious beliefs to target them with ads.
Europe stocks are set to outperform the U.S. in first half of 2024, strategists say
Despite immediate-term headwinds, strategists say they’re overweight Europe stocks versus the U.S.
EU at critical juncture over aid to Ukraine at the bloc’s final summit of 2023
Internal divisions within the EU are threatening any significant action toward Kyiv.
Putin says goals in Ukraine have ‘not changed’ and war will continue until Kyiv agrees a deal
Russian President Vladimir Putin held his annual phone-in with the Russian public on Thursday, as well as his end-of-year press conference.
‘Bonds are back’ as markets enter a ‘new paradigm,’ says HSBC Asset Management
Markets have entered a “new paradigm” as the global order fragments, while heightened recession risk means “bonds are back,” according to HSBC Asset Management.
