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Euro zone economy grows faster than expected on AI spending, confident consumers

Euro zone economy grows faster than expected on AI spending, confident consumers

By Balazs Koranyi FRANKFURT, July 30 (Reuters) - The euro zone economy grew faster than expected last quarter as surging investment in AI, ample government spending and several one-off factors more than offset a drag from high energy costs and the war in Iran.
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Euro zone grows a touch above forecasts on AI spending, confident consumers

Euro zone grows a touch above forecasts on AI spending, confident consumers

By Balazs Koranyi FRANKFURT, July 30 (Reuters) - The euro zone economy grew a touch faster than modest expectations last quarter as surging investment in AI, ample government spending and several one-off factors helped offset a drag from the war in Iran and soaring energy costs.
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Wars, cyberattacks could challenge euro zone banks' fx liquidity, ECB says

Wars, cyberattacks could challenge euro zone banks' fx liquidity, ECB says

By Balazs Koranyi FRANKFURT, July 31 (Reuters) - Wars, supply chain disruptions and cyberattacks are among the top risks facing euro zone banks and some could fall short of foreign currency liquidity requirements in case of acute stress, the European Central Bank said based on a stress test on
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Bank of England to keep rates steady while oil prices gyrate

Bank of England to keep rates steady while oil prices gyrate

By David Milliken LONDON, July 30 (Reuters) - The Bank of England looks set to keep interest rates steady on Thursday as it weighs the impact of the on-again, off-again Iran war that has closed the Strait of Hormuz for the past five months and intensified inflation pressures.
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Major central banks steer a cautious hiking path

Major central banks steer a cautious hiking path

By Alun John and Stefano Rebaudo LONDON/MILAN , July 30 (Reuters) - The bond market selloff after this week's Federal Reserve meeting highlights the challenge policymakers face as they grapple with what higher energy prices and the uncertain consequences of AI advances will mean for their economies.
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Bank of England Holds Interest Rates Steady Amid Economic Uncertainty

Bank of England Holds Interest Rates Steady Amid Economic Uncertainty

Bank of England Holds Interest Rates Steady Amid Economic Uncertainty
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US stocks, dollar slip after Fed leaves rates unchanged

US stocks, dollar slip after Fed leaves rates unchanged

By Karen Brettell July 29 (Reuters) - U.S. stocks extended losses, interest-rate sensitive two-year Treasury yields dropped and the dollar slipped on Wednesday after the Federal Reserve held interest rates steady, while oil prices surged following renewed attacks across the Middle East.
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Wall St falls before Fed verdict; chip stocks wobble

Wall St falls before Fed verdict; chip stocks wobble

By Johann M Cherian and Ragini Mathur July 29 (Reuters) - Wall Street's main indexes dropped on Wednesday as investors awaited the Federal Reserve's monetary policy verdict against a backdrop of surging oil prices, while chip stocks remained under pressure ahead of Big Tech earnings.
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Federal Reserve's Interest Rate Decision Anticipated Amid Market Fluctuations

Federal Reserve's Interest Rate Decision Anticipated Amid Market Fluctuations

Federal Reserve's Interest Rate Decision Anticipated Amid Market Fluctuations
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German economy likely showed some resilience to war in Q2, Bundesbank says

German economy likely showed some resilience to war in Q2, Bundesbank says

FRANKFURT, July 28 (Reuters) - The German economy likely grew modestly in the second quarter, despite headwinds from the war in the Middle East, as its vast industrial sector remained relatively resilient and consumers kept spending, the Bundesbank said in a monthly report.
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Trading Day: A show of resilience

Trading Day: A show of resilience

By Jamie McGeever ORLANDO, Florida, July 28 (Reuters) - European and U.S. stock markets on Tuesday shrugged off a deep slump in Asia earlier in the day, following another sharp fall in oil prices and growing optimism around peace talks between the U.S. and Iran, while investors also awaited key tech
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India economic growth to slow sharply as weak investment, oil shock weigh: Reuters poll

India economic growth to slow sharply as weak investment, oil shock weigh: Reuters poll

By Vivek Mishra and Anant Chandak BENGALURU, July 28 (Reuters) - India's economic growth is expected to slow sharply this fiscal year from last year's robust expansion and recover only modestly the following year, a Reuters poll of economists found, as weak private investment and higher oil prices