Similar inflation trends in the United States and Europe? After this week, the European Central Bank's path to interest rate cuts may become increasingly difficult to navigate.

The eurozone may follow in the footsteps of the United States in terms of persistent inflation, and interest rate cuts after June may not be smooth sailing.

wallstreetcn05:40 ET

The expansion rate of commercial activity in the Eurozone in May reached a new high in a year, and the PMI rose to 52.2.

In May, business activity in the Eurozone experienced the fastest expansion in a year, thanks to the strong growth of the services sector.

Zhitong Finance05:23 ET

European Central Bank encounters the dilemma of the Federal Reserve, and the road to interest rate cuts is no longer clear.

The European Central Bank may face obstacles similar to those of the Federal Reserve in lowering interest rates. Although there are significant differences in the driving factors of price growth on both sides of the Atlantic, some economists see important similarities and warn against underestimating the risks of more persistent pressures.

Zhitong Finance04:05 ET

ECB Preview: Will the ECB Deliver a Hawkish Cut?

The ECB is expected to cut interest rates by 25 basis points on Thursday, the first time interest rates will have been cut in the currency bloc since 2019.

FXStreet02:08 ET

High interest rates are impacting household expenditures, causing the Australian economy to almost stagnate.

In the first three months of this year, the Australian economy was almost at a standstill.

Zhitong Finance00:40 ET

Australian Economy Starts 2024 With a Whimper -- Market Talk

The Aussie economy hasn't gotten off to a great start this year, Moody's Analytics says.

WSJ23:10 ET