ECB President Lagarde is expected to leave the ECB, before her eight-year term ends in October 2027, according to FT citing a person familiar with her thinking
This report indicates potential stability concerns regarding ECB leadership, which could influence market expectations around monetary policy.
Study shows that US has enough raw copper to meet domestic demand and can meet 146% of annual demand using raw copper from overseas and domestic mines and from scrap, while China 40% of its demand, according to Benchmark Mineral Intelligence cited by FT
UK financial regulator plans to cut up to GBP 1bln from the compensation owed by carmakers over their in-house lenders’ involvement in a motor finance mis-selling scandal, according to FT
ECB President Lagarde is expected to leave the ECB, before her eight-year term ends in October 2027, according to FT citing a person familiar with her thinking
Microsoft (MSFT) plans USD 50bln investment by end of the decade to bring AI to countries in the Global South
US Special Envoy Witkoff says US facilitated the third trilateral meeting between Ukraine and Russia, adds Ukraine and Russia agreed to update leaders and pursue an agreement
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If Lagarde departs before her term ends, it may prompt speculation about the ECB's future direction and impact the euro and bond markets, as investors reassess interest rate paths and policy continuity.
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