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Germany's 10-year yield hits fresh nine-month high, central banks in focus

Germany's 10-year yield hits fresh nine-month high, central banks in focus

By Joice Alves and Alun John LONDON, Dec 10 (Reuters) - Germany's 10-year borrowing costs hit fresh multi-month highs on Wednesday as traders price out any chance of further European Central Bank rate cuts, while looking ahead to an important Federal Reserve meeting later in the day.

ECB to stay on hold through end of 2026 on expected stable economic outlook - Reuters poll

ECB to stay on hold through end of 2026 on expected stable economic outlook - Reuters poll

By Hari Kishan and Pranoy Krishna BENGALURU, Dec 10 (Reuters) - The European Central Bank will leave interest rates unchanged on December 18 and keep them there through next year, according to a majority of economists polled by Reuters, as inflation is expected to stay subdued and the economy

Italian Market Developments: Key Factors Impacting December 10 Trading

Italian Market Developments: Key Factors Impacting December 10 Trading

Several factors are poised to influence Italian markets on December 10. The Bank of Italy Governor, Fabio Panetta, emphasized the importance of central bank independence for monetary stability amidst tensions with the European Central Bank over Italy's gold reserves. Additionally, ISTAT is set to release October's industrial output data, while the Bank of Italy will provide updates on domestic bank deposits and lending. In the corporate sector, Campari's controlling entity, Lagfin SCA, is negotiating a tax settlement with the Italian Revenue Agency. Meanwhile, Monte dei Paschi is preparing for a board meeting to discuss potential integration with Mediobanca, pending ECB approval. The League party is exploring increased bank contributions to fund next year's budget. In the energy sector, Eni faces scrutiny over its acquisition of ACEA's energy retail arm, and Kazakhstan plans to redirect oil from the Kashagan field to China following a Ukrainian drone attack.

Exclusive-ECB backs simpler, not looser, bank rules, sources say

Exclusive-ECB backs simpler, not looser, bank rules, sources say

By Francesco Canepa FRANKFURT, Dec 9 (Reuters) - The European Central Bank will propose simplifying rules on capital buffers required of banks, pruning some of the complex regulation put in place after the global financial crisis, two sources familiar with the proposals told Reuters.

Morning Bid: Wobbling bonds find a level as Fed meets

Morning Bid: Wobbling bonds find a level as Fed meets

By Mike Dolan Dec 9 - What matters in U.S. and global markets today By Mike Dolan, Editor-At-Large, Finance and Markets Fed week got off to a rocky start in global markets, courtesy of bond market hits across the world, but government debt yields stabilized on Tuesday as the Federal Reserve started

EU Leaders Consider Using Frozen Russian Assets to Fund Ukraine Amidst Concerns

EU Leaders Consider Using Frozen Russian Assets to Fund Ukraine Amidst Concerns

European Union leaders are deliberating on a proposal to use frozen Russian assets to fund Ukraine's economic and military needs for the next two years. This comes as Ukraine faces a financial requirement of 135 billion euros ($157 billion) by early 2026, according to the International Monetary Fund. The European Commission has proposed covering two-thirds of Ukraine's needs, amounting to 90 billion euros ($105 billion), with international partners expected to fill the remaining gap. The assets in question, primarily held in Belgium, are valued at approximately 210 billion euros ($244 billion). However, the plan faces opposition from Belgium, which fears potential retaliation from Russia and legal challenges. The European Central Bank has also warned that such a move could undermine confidence in the euro currency. The EU leaders are set to discuss this proposal at a summit, with two main options on the table: a 'reparations loan' using the assets until Russia agrees to pay for war damages, or borrowing th...

European Central Bank Signals Potential Rate Hike Amid Economic Recovery

European Central Bank Signals Potential Rate Hike Amid Economic Recovery

The European Central Bank (ECB) is considering a future interest rate hike, although it is not expected to occur imminently. ECB board member Isabel Schnabel indicated in an interview with Bloomberg News that while markets and survey participants anticipate a rate increase, the timing remains uncertain. The ECB has previously reduced rates by a total of 2 percentage points up to June but has since maintained them. Schnabel highlighted that the risks to growth and inflation are skewed towards higher levels than the ECB's forecasts, partly due to the eurozone economy's resilience against U.S. tariffs. The ECB is monitoring the situation as underlying inflation has stabilized, and fiscal policies are expanding, potentially accelerating price growth.

Analysis-Euro's hidden strength could muddy the ECB's 'good place'

Analysis-Euro's hidden strength could muddy the ECB's 'good place'

Dec 9 (Reuters) - The strength of the euro is amplifying the deflationary effect of China’s export machine, which may end up being the catalyst that could jolt the European Central Bank out of its "good place" and into more interest rate cuts.

ECB must be vigilant about some upside risks to inflation, Kazimir says

ECB must be vigilant about some upside risks to inflation, Kazimir says

FRANKFURT, Dec 8 (Reuters) - The European Central Bank has no reason to change interest rates for months and should be mindful of some upside inflation risks, including from slower wage moderation and a smaller impact from the euro's firming, Slovak policymaker Peter Kazimir said.

Morning Bid: The final Fed countdown

Morning Bid: The final Fed countdown

By Yoruk Bahceli LONDON, Dec 8 (Reuters) - By Yoruk Bahceli, markets correspondent What matters in U.S. and global markets today The Federal Reserve meeting is fast approaching on Wednesday – and the stakes are high. Rising bets for a December cut seem to have saved equities from AI jitters for now.

Nine EU nations urge extreme caution on 'Buy European' policies

Nine EU nations urge extreme caution on 'Buy European' policies

By Philip Blenkinsop BRUSSELS, Dec 8 (Reuters) - Nine EU member states urged the bloc on Monday to be extremely cautious over supporting its industry with "Buy European" plans, citing concerns over their potential impact on prices, supply chains and competition.

Carmakers, rental and leasing firms urge EU to avoid mandatory EV fleet targets

Carmakers, rental and leasing firms urge EU to avoid mandatory EV fleet targets

By Philip Blenkinsop BRUSSELS, Dec 8 (Reuters) - Carmakers BMW and Toyota and auto rental and leasing firms from across Europe urged the European Commission on Monday not to set mandatory targets for electric vehicle purchases for corporate fleets, arguing it would be cripplingly expensive and