ECB President Lagarde says Europe is facing a real shock, Economist reports
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European Closes: Euro Stoxx 50 -1.53% at 5,563, Dax 40 -1.64% at 22,581, FTSE 100 -1.33% at 9,972, CAC 40 -0.98% at 7,769, FTSE MIB -0.71% at 43,702, IBEX 35 -1.21% at 16,963, PSI -0.19% at 8,997, SMI -0.44% at 12,662, AEX -1.26% at 971
ECB President Lagarde says Europe is facing a real shock, Economist reports
Iranian embassy in Spain says Spain is committed to international law and Iran is receptive to any request from Madrid regarding the Strait of Hormuz
US President Trump says don't know yet if Friday deadline for Iran will change
On the Newsquawk feed at , 20 minutes before this page.
- Says markets are maybe optimistic
Context
Lagarde's comments suggest that the ECB is concerned about underlying economic conditions, indicating potential risks to growth. Her assertion that markets may be overly optimistic could foreshadow a more cautious stance on monetary policy, impacting rate expectations and possibly leading to volatility in the Euro and fixed income markets.
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