ECB President Lagarde (Q&A), asked about the potential for a June rate hike, says she will not confirm whether we are close to Baseline Scenario 1 or 2; but we are certainly are moving away from the baseline
Lagarde's remarks indicate that while the ECB is deliberating on the rate path, the uncertainty surrounding economic conditions is significant.
ECB President Lagarde (Q&A) says today's decision was unanimous; ECB also debated a rate hike today
US President Trump is expected to hear about updated military options for Iran from Pentagon officials on Thursday as he pressures Tehran into agreeing to a deal, CNN sources report
ECB President Lagarde (Q&A), asked about the potential for a June rate hike, says she will not confirm whether we are close to Baseline Scenario 1 or 2; but we are certainly are moving away from the baseline
Broadcom (AVGO) announces Wi-Fi 8 and 10G PON chips launch and sampling early access to customers
Shopify (SHOP) reportedly seeks licenses to push deeper into fintech, according to The Information
Open the platform and use it. The whole workspace is free to try, with no signup and no card. When you want the headlines arriving live instead of on a delay, Newsquawk Pro is £24.99 for 7 days.
- ECB today made an informed decision with insufficient information
- Had a debate at length
- Hard data is in line with projections, but there is uncertainty; will need to revisit the issues at the next meeting
- Six weeks until next meeting should be sufficient time for the ECB to assess
Her suggestion that they are moving away from the baseline implies a potential pivot in strategy, which could weigh on market expectations for a June rate hike. Traders should monitor upcoming data closely, as this will influence the ECB's assessment ahead of the next meeting.
Related headlines
- [MARKET ANALYSIS] Fixed falters once more as Brent takes USD 100/bbl, awaiting the Treasury buyback announcement12 hours ago
- Newsquawk Daily European Opening News - 9th September 202616 hours ago
- [MARKET ANALYSIS] DXY is little changed ahead of inflation data later in the week and despite the US announcing an import ban on some Canadian goods as trade war escalates18 hours ago
- US EQUITY OPEN: Indices in the red as US/Iran tensions escalate 8 hours ago
- Primer: US to sell USD 39bln of 10-year notes at 18:00BST/13:00 EDT5 hours ago
- US Midterm Update: Latest Polymarket pricing puts Democratic sweep at 50%; Republican midterm 2-day convention to start tonight5 hours ago
- Newsqawk European Market Wrap - 9th September 20267 hours ago
- Newsquawk Daily European Equity Opening News - 9th September 202616 hours ago
- [MARKET ANALYSIS] Asia-Pac stocks trade mixed with the region partially shrugging off the weak US lead following a fresh exchange of US-Iran strikes and escalation in the US-Canada trade war18 hours ago
- [MARKET ANALYSIS] JPY continues to gain after daring commentary from US Treasury Sec. Bessent12 hours ago
- US President Trump says he thinks war with Iran will end immediately after the election3 hours ago
- US President Trump says after the election, oil prices will tumble lower; gasoline price will take a bit longer3 hours ago
- US Senator Slotkin says "We hear rumors that Trump is planning to allow Chinese cars to be sold in the U.S., as part of a larger deal"5 hours ago
- Primer: US PPI due Thursday 10th September at 13:30BST/08:30EDT1 hour ago
- RBI may conduct USD/INR buy-sell swap operations this month, traders suggest14 hours ago
- FedEx (FDX) is to sell EUR denominated 4- and 8-year notes14 hours ago
- Volkswagen (VOW3 GY) files to sell USD-denominated debt; 5-parter9 hours ago
- US sells USD 39bln of 10-year notes; Stop through 1.5bps4 hours ago
- US Treasury Buyback: Treasury to buy back a maximum of USD 6bln in 10-20year Treasuries on Thursday (vs guidance for at least USD 4bln)6 hours ago
- Germany to sell EUR 4.201bln vs exp. 5.5bln 3.00% 2036 Bund: b/c 1.47x (prev. 1.15x), average yield 3.39% (prev. 3.26%), retention 23.62% (prev. 37.2%)12 hours ago
The whole workspace, free to try.
Try it free