Frankfurt European financial markets face an uncertain start to trading on Monday. How the week starts depends on the latest developments in the Ukraine war. This is already illustrated by the last two trading days of the past week. The major turmoil in the financial markets on Thursday was the direct result of the start … Read more
Frankfurt The Ukraine crisis is also driving the European Central Bank (ECB) ahead of its forthcoming interest rate meeting. At the Governing Council meeting on March 10, a comprehensive assessment of the economic outlook will be made, including the latest geopolitical developments, ECB chief economist Philip Lane told the FAZ, according to the preliminary report. … Read more
Berlin Federal Economics Minister Robert Habeck (Greens) expects massive economic consequences in the event of a Russian invasion of Ukraine. If “Russia escalates the conflict further, the European Union will respond with tough economic sanctions in coordination with its partners,” Habeck told the Handelsblatt. “We’re prepared for that,” he added. One must say clearly “that … Read more
Frankfurt, Berlin ECB President Christine Lagarde has warned against hasty rate hikes. “If we act hastily now, the recovery of our economies could be significantly worse and jobs would be at risk,” Lagarde told the “Redaktionsnetzwerk Deutschland”. However, the European Central Bank (ECB) is taking preparatory steps. The pandemic emergency bond purchase program will end … Read more
Dax curve The leading German index had reached several new record highs in the last stock market year. (Foto: Bloomberg Creative/Getty Images [M]) Düsseldorf A counter-movement in the intact downward trend is announced on the German stock market. The Dax climbed 1.6 percent on Monday morning and traded at 15,564 points. This recovery at the start … Read more
Christine Lagarde, President of the European Central Bank (ECB) Image: dpa The latest decisions on the European Central Bank’s bond purchases are legally questionable and strategically extremely clumsy, write guest authors Laus Adam and Hans Peter Grüner. In December 2021, the Governing Council of the European Central Bank rightly decided to end its Pandemic Emergency … Read more
Silvio Berlusconi The 85-year-old announced that he was no longer available as a candidate. (Photo: AP) Rom Silvio Berlusconi has given up his last big political dream. The former Prime Minister and scandalous entrepreneur officially withdrew from the race for the office of Italian President on Saturday evening. At a virtual top meeting of the … Read more
Jerome Powell The Fed chair will hold a press conference after the Federal Reserve meeting on Wednesday. (Photo: AP) Frankfurt Many investors have had a black week. The US stock exchanges recorded the highest losses in more than a year. The broad S&P 500 index fell more than 5 percent over the week, while the … Read more