Evolve Publication’s Post

After almost 2 years of a restrictive monetary policy, the European Central Bank started cutting rates last week. But how does that affect the Euro and Europe’s economy? Check our post to understand it. #Hedgepointglobalmarkets #ECB #Europe #Macro #InterestRates #Euro

In this week’s Weekly Wrap: IT’S ALL ABOUT THE POLITICS - Race for US presidency heats up - Macron fuels Russian propaganda machine - Oil gains on expectations of supply cuts - Currencies continue to take cues from data and central bank rhetoric Read more here: https://bit.ly/49RfihW #WeeklyWrap #MarketUpdate #CitadelGlobal

Embark on a weekly journey through macroeconomic highlights, with a spotlight on Japan, Bank of England and European Central Bank. #investments #funds #macroeconomic #economy #Japan #BoE #England #ECB #Europe

As discussed previously, I suspect that last year’s economic performance divergence among the world's three most systemically important regions (China, Europe, and the US) will be accompanied this year by greater policy divergences as countries are forced to tailor their responses more individually. In the specific case of the ECB, President Christine Lagarde captured this well when she said that the central bank is "data-dependent rather than Fed-dependent." #economy #markets #centralbanks

China’s National Bureau of Statistics (NBS) reports real GDP growth of 4.7 % y-o-y in the second quarter, down from 5.3 % in the first quarter. On-quarter growth in 2Q24 was a modest 0.7 % q-o-q. The growth in the second quarter was restrained by weak domestic consumption demand. On the other hand, higher fixed investment (includes changes in inventories) supported growth more than on previous quarters, despite the continued steep decline in real estate construction. Measured in terms of floorspace, the volume of apartment sales declined in June by 15 % y-o-y, new building starts were down by 20 % and the number of completed apartments fell by 30 %. The latest round of support measures for the real estate sector announced in May (BOFIT Weekly 22/2024) seems to have only a modest impact so far. GDP growth in the second quarter was supported by robust exports and modest imports, which was similar in the first quarter of the year. BOFIT’s alternative GDP indicators suggest that GDP growth slowed more in the second quarter than the official NBS assessment. The average of our alternative estimates fell below 4 %, or roughly one percentage point below the official number. When Chinese GDP growth is high, BOFIT alternative estimates and official figures tend to be in fairly close agreement. When the economy slows, our alternative estimates and official numbers typically diverge.

Our latest Weekly Investor Research is out now. In this week’s edition: ➡ The European Central Bank is likely to start an intermittent cutting cycle this week ➡ Narendra Modi’s coalition may get a super-majority in India ➡ Biden proposed a three-stage ceasefire plan for Gaza that faces opposition from the far-right in Israel ➡ Ecuador is reportedly close to receiving large funding from the International Monetary Fund Read more from Ashmore’s Head of Research, Gustavo Medeiros: https://lnkd.in/ec6ibC-9 #EmergingMarkets #Ecuador #India #Gaza

Embark on a weekly journey through macroeconomic highlights, with a spotlight on European Central Bank, United Kingdom and China. #investments #funds #macroeconomic #economy #ECB #UK #UnitedKingdom #China

Russia stops trading in dollar and euro on main bourse Despite the disruption, the central bank assured Russian citizens that their deposits in U.S. dollars and euros remained secure. 👉Details — https://lnkd.in/d88AqCVJ #RussiaEconomy #ForexTrading #CentralBankAssurance #CurrencySecurity #RussiaSanctions #FinancialMarkets #CurrencyTrading #Geopolitics #EconomicPolicy #RussianEconomy