The digital euro aims to enhance monetary sovereignty and reduce reliance on foreign payment networks, impacting Europe's financial landscape.
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The post Eurozone: Energy shock keeps pressure on ECB – Nordea appeared on BitcoinEthereumNews.com.
Jan von Gerich highlights that Eurozone inflation risks remain skewed to the upside due to a persistent energy shock linked to Middle East tensions. Even under milder energy scenarios, he stresses that supply chain disruptions, higher production costs and firm-level price adjustments are already embedded, leaving the ECB unconvinced that inflation will quickly return to target. Persistent energy shock sustains risks “All members viewed the risks surrounding the inflation outlook as being to the upside relative to the staff baseline projections, with the evolution of the conflict in the Middle East being the key source of risk.” “With the energy shock proving more persistent than had been envisaged at the time of the March and April meetings, and indirect effects starting to become increasingly visible and broad-based, the inflation outlook had deteriorated further.” “Looking ahead, it wa
Lagarde's call for a European safe asset could enhance EU financial stability, reduce reliance on US Treasuries, and boost euro's global role.
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The post Euro: Support from ECB repricing and yields – Scotiabank appeared on BitcoinEthereumNews.com.
Scotiabank strategists Shaun Osborne and Eric Theoret notes the Euro (EUR) is slightly higher versus the US Dollar (USD), supported by a repricing of the European Central Bank (ECB) outlook toward renewed hawkishness and recovering yield spreads. They highlight markets now price about 35 bps of tightening by December, lifting fair value estimates for EUR/USD toward the mid to upper 1.14s despite only modest recent gains. Euro aided by hawkish ECB repricing “The EUR is entering Thursday’s NA session with a fractional 0.1% gain vs. the USD as it performs in line with most of the G10 currencies in quiet overall trade.” “The outlook for relative central bank policy is offering the EUR support as market participants reprice the ECB outlook in light of renewed hawkishness and a resurgence in geopolitically-driven oil price gains.” “Markets are currently pricing in about 35bpts of tightening
Europe's push for AI sovereignty could redefine its tech landscape, reducing reliance on US infrastructure and enhancing data security.
The post Mistral AI CEO joins Eurogroup to make the case for European AI sovereignty appeared first on Crypto Briefing.
The ongoing probe into Durov's case highlights the potential regulatory challenges encrypted platforms may face in Europe, impacting crypto operations.
The post Pavel Durov questioned for fourth time as French criminal probe enters second year appeared first on Crypto Briefing.
The post European Central Bank: September hike prospects stay firm – Nordea appeared on BitcoinEthereumNews.com.
Nordea’s Jan von Gerich argues that the European Central Bank (ECB) is likely to continue tightening policy, with the outlook heavily dependent on Middle East developments and energy prices. He notes that a July move is now unlikely after lower inflation and falling Oil, but sees a September rate hike as probable, in line with current market pricing. ECB path tied to energy risks “The ECB outlook still hinges to a large extent on the developments in the Middle East and in energy prices.” “While a July hike is likely to be off the table without a significant jump in energy prices, a September rate move looks much more likely.” “However, the account supported the view that even a quick end to the conflict would not automatically mean that the ECB would be done hiking rates.” “The major fall seen in energy prices on the back of hopes of a peace in the Middle East and lower-than
The approval accelerates EU's digital currency integration, potentially reshaping financial systems and challenging private stablecoins.
The post European Parliament approves digital euro negotiations after right-wing bloc fails to block vote appeared first on Crypto Briefing.
