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The European Central Bank (ECB) kept its deposit rate unchanged at 2.00% on Thursday, marking the second consecutive pause after eight cuts since June 2024. The unanimous decision came as inflation hovers around the bank’s 2% target and economic risks appear more balanced following recent trade agreements. Key Takeaways ECB held all three key rates…
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In today’s fast-paced digital world, managing finances has become more crucial than ever. Fintech apps are at the forefront of this financial revolution, transforming how we approach personal finance management and digital banking solutions. They provide tools that simplify and enhance our financial lives. Whether you want to budget more effectively or explore AI-powered investment…
US inflation signals are cooling with PCE reading below expectations. Consumer sentiment has rebounded, indicating brighter economic expectations. USD might see additional downside if the markets remain stubborn on November’s 50 bps cut bet. The US Dollar Index (DXY), which measures the value of the USD against a basket of major currencies, stands soft after…
The Associated Press has made their call and we’re seeing everyone else chime in with CBS, Fox, and CNN all making their calls as well. Even Edison Research and FiveThirtyEight are also now calling it for Trump. What is impressive is that it looks to be a clean sweep of all the swing states. That…
China’s Caixin PMI Services dropped to 50.6 in June from 51.1, missing expectations of 51.0. However, the broader PMI Composite rose from 49.6 to 51.3, marking a return to growth territory driven largely by stronger manufacturing activity. Caixin’s Wang Zhe noted that while supply and demand both improved, the rebound remains uneven and fragile. Still,…