Ifo Lifts German Economic Growth Forecast for 2024 as Consumer Spending Recovers

The ifo Institute on Thursday raised its economic growth estimate for Germany in 2024, citing the expected rebound in consumer spending as inflation continues to slow.

MT Newswires04:54 ET

European Central Bank committee member Vitor Constancio is optimistic: if inflation continues to cool, further interest rate cuts may be possible.

In the European Central Bank's latest statement, Commissioner Mario Centeno revealed a positive outlook on monetary policy.

Zhitong FinanceJun 19 07:56 ET

Euro Trades Higher on the Day, Eyeing 1.0750 – Scotiabank

The Euro (EUR) is modestly higher on Tuesday's session, reflecting a mild narrowing in 10Y OAT/Bund spreads. The gap remains relatively significant (75bps), however, as tensions in the Eurozone persist, Scotiabank’s Chief FX Strategist Shaun Osborne notes.

FXStreetJun 18 09:06 ET

ECB Vice President Guindos: Quarterly Forecast Meeting Will Be Key for Major Interest Rate Decisions.

Vice President of the European Central Bank, Luis de Guindos, hinted that the quarterly forecast meeting will be a key decision for interest rates. This decision maker suggested that meetings to prepare forecasts in September and December may be crucial. "Forecasts are updated every three months, and the next one is in September," Guindos said. "This is one of the most important and interesting moments because forecassts are an important indicator of how interest rates will evolve." His speech is consistent with the views of other decision makers who do not want to cut interest rates further at the July meeting. "The medium-term direction is clear, but in the short term, it will depend on the data," he said.

環球市場播報Jun 18 08:53 ET

German ZEW Economic Sentiment Index Edges Higher to 47.5 in June Vs. 50.0 Expected

The headline German ZEW Economic Sentiment Index edges a tad higher from 47.1 in May to 47.5 in June. The market consensus was for a 50.0 print.

FXStreetJun 18 05:02 ET

EUR Keeps Afloat Amid ECB Comments – Scotiabank

European Central Bank (ECB) policymakers indicated that the French situation is “contained”, allowing the Euro (EUR) to float above 1.07, Scotiabank’s Chief FX Strategist Shaun Osborne notes.

FXStreetJun 17 11:49 ET