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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
Read full articleThe digital euro aims to enhance monetary sovereignty and reduce reliance on foreign payment networks, impacting Europe's financial landscape. The post ECB’s Lagarde says digital euro complements cash, not a replacement appeared first on Crypto Briefing.
Lagarde's call for a European safe asset could enhance EU financial stability, reduce reliance on US Treasuries, and boost euro's global role. The post ECB’s Lagarde calls for a European safe asset to rival US Treasuries appeared first on Crypto Briefing.
The post British Airline Jet2 Shares Jump 9% After $536M Fuel Hedge Gain Offsets Middle East Travel Fears appeared on BitcoinEthereumNews.com. Key Takeaways Jet2 recorded a $536 million balance sheet windfall on July 8 after locking in low-cost fuel derivatives. The Middle East conflict triggered a 67% decline in annual cash inflows as travelers delayed holiday bookings. CEO Steve Heapy announced a $335 million buyback program and expanding operations at London Gatwick Airport. Sector Resilience Amid Fuel Volatility British airline and package holiday provider Jet2 defied intense geopolitical instability and travel sector panic triggered by the Middle East war by reporting a more than $500 million balance sheet boost, fueled by the rising price of jet fuel. As the conflict in the Middle East escalated, spiking fuel rates caused the value of the company’s fuel derivatives to soar. According to Jet2’s full financial results released July 8, an extra $536 million in income was primarily d
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
The post European natural gas: Tight storage supports prices – ING appeared on BitcoinEthereumNews.com. ING’s Warren Patterson notes that European natural gas prices have held up better than Oil as LNG supply recovery has been modest and Middle East flows remain disrupted. Heatwaves have boosted demand, leaving EU storage just above 50%, well below the five-year average. ING expects European natural gas prices to stay well-supported through the 2026/27 winter despite some potential El Niño relief. EU gas prices seen well supported “European natural gas prices held up better than oil prices following the MoU [Memorandum of Understanding], with the LNG supply recovery more modest. Also, the ramp-up of LNG plants in Qatar will also take time. QatarEnergy has extended the force majeure on some supply until early September.” “As a result, EU gas storage remains tight, having only recently passed the 50% level, well below the five-year average of 66% full at this point in the year. It’s look
British airline Jet2 reported a $536 million balance sheet windfall for the fiscal year ending March 31, defying broader industry panic over Middle East geopolitical instability. Sector Resilience Amid Fuel Volatility British airline and package holiday provider Jet2 defied intense geopolitical instability and travel sector panic triggered by the Middle East war by reporting a […]
The post United States Dollar Index falls as Middle East calm cools inflation fears appeared on BitcoinEthereumNews.com. The US Dollar Index (DXY), which tracks the buck’s value against a basket of six currencies, is down 0.14% to 100.93 on Thursday as tensions in the Middle East ease, driving Oil prices lower and trimming Federal Reserve (Fed) hawkish bets spurred by the energy shock. DXY slips as Hormuz calm drags Oil, Fed bets lower Geopolitics grabbed the attention after the US and Iran exchanged attacks during the last two days. The US President Donald Trump is growing impatient about the outcome of the negotiations with Iran, adding that the agreement was “over.” The US military attacked 90 military positions near the Strait of Hormuz on Wednesday, intending to weaken Iran’s ability to attack vessels transiting through the strait. Meanwhile, Iran targeted US bases in Bahrain, Kuwait and Qatar. The US Central Command (CENTCOM) announced the completion of the task, which weighed on
The post South Korean Won: Oil-linked range view into BoK meeting – Commerzbank appeared on BitcoinEthereumNews.com. Commerzbank’s Charlie Lay argues that elevated South Korean inflation strengthens the case for a 25bp Bank of Korea (BoK) hike to 2.75% on 16 July. USD/KRW has fallen from 1560 to 1506 on earlier Oil weakness, but the bank now expects the pair to trade in a 1500–1520 range, with Oil prices and global risk sentiment remaining key drivers. Won pressured by inflation and Oil “South Korea’s inflation remained elevated in June, reinforcing the view that the Bank of Korea (BoK) is on course to hike rates next week. Headline CPI inflation was slightly higher at 3.2% yoy from 3.1% in May, marking the highest reading since December 2023. It remained well above BoK’s 2% target.” “Other factors expected to keep inflationary pressures firm include the weak won and robust wage growth linked to the AI-driven semiconductor boom.” “The latest inflation report strengthens the case for Bo
