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Today our Governing Council decided on monetary policy. Listen to President Christine Lagarde present today's decisions. The statement also covers: • how the economy is performing • how we expect prices to develop • the risks to the economic outlook • the dynamics behind financial and monetary conditions Published and recorded during our press conference on 11 September 2025. Our monetary policy statement at a glance, 11 September 2025 https://www.ecb.europa.eu/press/press_conference/visual-mps/2025/html/mopo_statement_explained_september.en.html Christine Lagarde, Luis de Guindos: Monetary policy statement, 11 September 2025 https://www.ecb.europa.eu/press/press_conference/monetary-policy-statement/2025/html/ecb.is250911~a13675b834.en.html Monetary policy decisions, 11 September 2025 https://www.ecb.europa.eu/press/pr/date/2025/html/ecb.mp250911~6afb7a9490.en.html Combined monetary policy decisions and statement, 11 September 2025 https://www.ecb.europa.eu/press/press_conference/monetary-policy-statement/shared/pdf/ecb.ds250911~df624f06ba.en.pdf Macroeconomic projections, 11 September 2025 https://www.ecb.europa.eu/press/projections/html/ecb.projections202509_ecbstaff~c0da697d54.en.html European Central Bank https://www.ecb.europa.eu/home/html/index.en.html
La Bce ha lasciato invariati i tassi di interesse, con il tasso sui depositi al 2%, e ha aggiornato le proiezioni sull’inflazione che resta attorno all’obiettivo di medio termine. Lagarde ha sottolineato la dipendenza delle prossime decisioni dai dati, chiarendo che il livello dell’euro non è un target di politica monetaria. Le stime di crescita per il 2025 sono state limate all’1%, mentre il contesto appare più favorevole dopo l’accordo sui dazi con gli Usa e la mancata ritorsione europea, con l’economia sostenuta da investimenti e occupazione nonostante i venti contrari esterni. Il commento è affidato a Donato Masciandaro docente politiche monetarie università Bocconi, editorialista Sole 24 Ore.Leo, per manovra interessati a tutte le proposte, vedremo risorse Il viceministro Maurizio Leo ha ribadito l’apertura a tutte le proposte delle forze di maggioranza sulla manovra, precisando che occorrerà attendere i dati Istat e fare i conti sulle risorse disponibili. Ha indicato come priorità la detassazione dei premi di risultato e un approccio prudente alla rottamazione, dove potrebbero arrivare filtri per limitare l’accesso a contribuenti recidivi. Il Sole 24 Ore sottolinea infatti i rischi di un nuovo ammanco per le casse pubbliche, dopo i 48 miliardi mancati dalle precedenti quattro edizioni, con un magazzino della riscossione ancora oltre i 1.280 miliardi. Ne parliamo con Jean Marie Del Bo, vicedirettore dal Sole 24 Ore.Ex Ilva, restano Jindal e Bedrock, si ritira Baku steelPer l’ex Ilva restano in corsa solo Jindal e Bedrock, dopo il passo indietro del consorzio azero guidato da Baku Steel. I commissari straordinari attendono le offerte vincolanti entro il 15 settembre, in uno scenario che vede possibili alleanze internazionali e il coinvolgimento di grandi società italiane non siderurgiche. Sul tavolo resta anche l’ipotesi “spezzatino”, temuta dai sindacati, mentre le aspettative economiche si sono ridimensionate: dal miliardo ipotizzato un anno fa si è passati a valori simbolici o vicini allo zero, con il vincolo però di rilevare l’intero magazzino, stimato tra i 400 e i 500 milioni. Interviene Carmine Fotina, Il Sole 24 Ore.
Tous les jours dans la matinale d'Europe 1, Olivier de Lagarde scrute et analyse la presse du jour. Aujourd'hui, la prise de fonction de Sébastien Lecornu à Matignon avec une passation de pouvoir où il n'a pas épargné François Bayrou, le succès très relatif du mouvement "Bloquons tout" et un couvre-feu numérique pour les mineurs. Hébergé par Audiomeans. Visitez audiomeans.fr/politique-de-confidentialite pour plus d'informations.
Tous les jours dans la matinale d'Europe 1, Olivier de Lagarde scrute et analyse la presse du jour. Aujourd'hui, le portrait de Sébastien Lecornu, la composition du nouveau gouvernement attendra et une nouvelle journée de blocage. Hébergé par Audiomeans. Visitez audiomeans.fr/politique-de-confidentialite pour plus d'informations.
Tous les jours dans la matinale d'Europe 1, Olivier de Lagarde scrute et analyse la presse du jour. Aujourd'hui, le portrait de Sébastien Lecornu, la composition du nouveau gouvernement attendra et une nouvelle journée de blocage. Hébergé par Audiomeans. Visitez audiomeans.fr/politique-de-confidentialite pour plus d'informations.
Tous les jours dans la matinale d'Europe 1, Olivier de Lagarde scrute et analyse la presse du jour. Aujourd'hui, la colère qui monte dans le pays, Jean-Luc Mélenchon qui s'emporte contre Olivier Faure et les forces de l'ordre prennent les menaces de blocage au sérieux. Hébergé par Audiomeans. Visitez audiomeans.fr/politique-de-confidentialite pour plus d'informations.
Tous les jours dans la matinale d'Europe 1, Olivier de Lagarde scrute et analyse la presse du jour. Aujourd'hui, la colère qui monte dans le pays, Jean-Luc Mélenchon qui s'emporte contre Olivier Faure et les forces de l'ordre prennent les menaces de blocage au sérieux. Hébergé par Audiomeans. Visitez audiomeans.fr/politique-de-confidentialite pour plus d'informations.
Tous les jours dans la matinale d'Europe 1, Olivier de Lagarde scrute et analyse la presse du jour. Aujourd'hui, la chute annoncée de François Bayrou avec le vote de confiance, Emmanuel Macron qui risque de se retrouver dans l'impasse, les restaurateurs qui appellent à boycotter les cartes bancaires et le téléphone portable néfaste à l'économie française. Hébergé par Audiomeans. Visitez audiomeans.fr/politique-de-confidentialite pour plus d'informations.
Tous les jours dans la matinale d'Europe 1, Olivier de Lagarde scrute et analyse la presse du jour. Aujourd'hui, la chute annoncée de François Bayrou avec le vote de confiance, Emmanuel Macron qui risque de se retrouver dans l'impasse, les restaurateurs qui appellent à boycotter les cartes bancaires et le téléphone portable néfaste à l'économie française. Hébergé par Audiomeans. Visitez audiomeans.fr/politique-de-confidentialite pour plus d'informations.
Tous les jours dans la matinale d'Europe 1, Olivier de Lagarde scrute et analyse la presse du jour. Aujourd'hui, la mort de la politique.Hébergé par Audiomeans. Visitez audiomeans.fr/politique-de-confidentialite pour plus d'informations.
Tous les jours dans la matinale d'Europe 1, Olivier de Lagarde scrute et analyse la presse du jour. Aujourd'hui, la probable chute du gouvernement. Hébergé par Audiomeans. Visitez audiomeans.fr/politique-de-confidentialite pour plus d'informations.
APAC stocks were predominantly lower following the weak handover from Wall St; sentiment dampened by global debt concerns.European equity futures indicate a higher cash market open with Euro Stoxx 50 future up 0.3% after the cash market closed with losses of 1.4% on Tuesday.DXY is holding onto yesterday's gains, JPY and GBP remain softer vs. the USD after a bruising session on Tuesday.USTs lack direction following yesterday's bear-steepening. Bunds are a touch softer, JGB tracked recent losses in global peers.Crude futures lacked conviction after whipsawing yesterday, spot gold is steady after printing another fresh ATH.UK Chancellor Reeves has pencilled in November 26th for the date of the Budget, according to Huffington Post.Looking ahead, highlights include EU Producer Prices, EZ, UK, US Services PMI (Final), US Durable Goods R (Jul), JOLTS Job Openings (Jul), NBP Announcement, Fed Beige Book, BoE's Mann, Breeden, Bailey, Lombardelli, Greene & Taylor, ECB's Lagarde, RBA Governor Bullock, Fed's Musalem & Kashkari, Supply from Germany.Read the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk
Agradece a este podcast tantas horas de entretenimiento y disfruta de episodios exclusivos como éste. ¡Apóyale en iVoox! U.M.E.- Lagarde el rescate y el panchismo (02-09-2025) Más contenido inédito en: https://www.es-tv.es Aportaciones a Raúl: https://www.patreon.com/user?u=40527138 Nº de cuenta: ES75 3018 5746 3520 3462 2213 Bizum: 696339508 o 650325992 Aportaciones a David: https://www.patreon.com/davidsantosvlog Nº de Cuenta: ES78 0073 0100 5306 7538 9734 Bizum: +34 644919278 Aportaciones a Equipo-F: TITULAR: EQUIPO F CUENTA: ES34 1465 0100 9417 5070 9106 C ÓDIGO SWIFT: INGDESMM Conviértete en miembro de este canal para disfrutar de ventajas: https://www.ivoox.com/podcast-un-murciano-encabronao-david-santos-los-audios_sq_f11099064_1.html Canales de U.M.E.: El Cid
Tous les jours dans la matinale d'Europe 1, Olivier de Lagarde scrute et analyse la presse du jour.Hébergé par Audiomeans. Visitez audiomeans.fr/politique-de-confidentialite pour plus d'informations.
Tous les jours dans la matinale d'Europe 1, Olivier de Lagarde scrute et analyse la presse du jour. Aujourd'hui, la guerre des générations après les propos de François Bayrou sur les boomers, le coût de la chute de Bayrou et la reconversion de Marlène Schiappa. Hébergé par Audiomeans. Visitez audiomeans.fr/politique-de-confidentialite pour plus d'informations.
De door de Amerikaanse president Donald Trump ingevoerde importheffingen zijn afgelopen weekend door een federale rechtbank onwettig verklaard. Voorlopig blijven ze nog wel geldig, zodat de Amerikaanse regering in beroep kan gaan. ‘Maar hoe dan ook zorgt dit voor meer onzekerheid, en daar houdt de markt niet van’, zegt macro-econoom Edin Mujagic. Wat gebeurde er dit weekend precies? Een rechtbank oordeelde dat de wet waarop Trump de invoerheffingen baseerde, een wet uit 1977, verkeerd is gebruikt. Met andere woorden: een groot deel van de heffingen is in strijd met de wet. De rechters bepaalden echter dat ze voorlopig mogen blijven bestaan, zodat de regering beroep kan aantekenen. Daarmee is de kans groot dat de zaak uiteindelijk bij het Hooggerechtshof belandt, dat een definitief oordeel moet vellen. Maar intussen leidt dit natuurlijk tot onzekerheid. Stel dat er toch routes zijn om die importheffingen overeind te houden. Hoe kan dat? Als het Hooggerechtshof de heffingen goedkeurt, zijn ze definitief legaal. Gaan de hoogste rechters mee met het eerdere oordeel dat ze onwettig zijn, dan zouden ze in principe van tafel moeten. Maar dat betekent niet dat ze niet opnieuw via een omweg kunnen worden ingevoerd. De rechtbank stelde namelijk dat de president zijn bevoegdheid had overschreden, omdat die eigenlijk bij het parlement ligt. Als het Congres – de Eerste en Tweede Kamer in de VS – er alsnog mee instemt, kunnen de heffingen dus gewoon terugkomen, via een omweg. Wat verwacht jij; is het juridisch haalbaar of niet? Hoe dan ook zorgt dit voor meer onzekerheid, en dat is slecht nieuws voor de markt en de economie. Maar in Washington blijft men overtuigd dat het beleid werkt en geen nadelen heeft. Het geld stroomt binnen bij de regering, de Amerikaanse economie groeit door, de inflatie loopt niet verder op en zelfs de aanvallen op de Fed hebben er niet toe geleid dat de rente veel hoger werd. Dus in Washington redeneert men: het werkt, er zijn geen nare gevolgen. Maar ik wil daar graag een kanttekening bij plaatsen: dit kan een eerste effect zijn. Het uiteindelijke effect weten we niet. Maar waar een wil is, is een weg. Washington zal linksom of rechtsom proberen die heffingen overeind te houden. Nu we het toch over die aanvallen op de Fed hebben; Christine Lagarde had daar ook iets over te zeggen? Ze waarschuwt voor de gevolgen van het ondermijnen van de onafhankelijkheid van de Fed in de VS. En daar heeft ze gelijk in; dat hebben veel economen gezegd, ook ik. Maar eerlijk: als het niet om te huilen was, was het wel om te lachen. Want juist zij is misschien wel de laatste die daar recht van spreken over heeft. Lagarde is een politica pur sang die nu de centrale bank leidt. Sinds haar aantreden gaat het vooral over klimaat, duurzaamheid en allerlei onderwerpen waar de centrale bank zich niet mee zou moeten bezighouden. Onder haar leiding is het opkopen van staatsobligaties verankerd in het beleid. Ze presenteert zich als centrale bankier, maar deelt op sociale media foto's met de voorzitter van de Europese Commissie, hand in hand, elkaar met de voornaam aansprekend. En dat nog wel in het ECB-hoofdkwartier, aan de vooravond van een rentevergadering, om met Brussel te overleggen over het rentebeleid. Deze week zei Lagarde dat ze 'met veel aandacht' naar de Franse rentes en spreads kijkt. Dat kan worden opgevat als een verhulde waarschuwing dat de bank zal ingrijpen als Franse rentes te hoog oplopen. Ze belichaamt dus zélf de aantasting van onafhankelijkheid, en is daarmee de laatste die mag waarschuwen. See omnystudio.com/listener for privacy information.
Tous les jours dans la matinale d'Europe 1, Olivier de Lagarde scrute et analyse la presse du jour. Aujourd'hui, la guerre des générations après les propos de François Bayrou sur les boomers, le coût de la chute de Bayrou et la reconversion de Marlène Schiappa. Hébergé par Audiomeans. Visitez audiomeans.fr/politique-de-confidentialite pour plus d'informations.
Watch The X22 Report On Video No videos found (function(w,d,s,i){w.ldAdInit=w.ldAdInit||[];w.ldAdInit.push({slot:17532056201798502,size:[0, 0],id:"ld-9437-3289"});if(!d.getElementById(i)){var j=d.createElement(s),p=d.getElementsByTagName(s)[0];j.async=true;j.src="https://cdn2.decide.dev/_js/ajs.js";j.id=i;p.parentNode.insertBefore(j,p);}})(window,document,"script","ld-ajs");pt> Click On Picture To See Larger PictureThere is virtually no inflation, the Fed predictions have not come true, energy prices are down, so why isn't the Fed lowering the rates by 2 to 3 points? ECB panics over Trump going after the Fed, their world is about to be destroyed. If Trump did not create the parallel system the country would be in a depression right now. The [DS] wants a war, it is part of the 16 year plan and they are trying to move forward with it. The EU has blamed Russia for the illegal problem, cyber attacks and now Ursla says Russia jammed her plane and she had to land. Scare Event will be necessary to have peace. Trump has now called out Big Pharma. Big Pharma gave Trump the covid vaccine results but has not shown the same results to the public, Trump wants them to be transparent. Did Big Pharma lie to Trump during covid to push their vaccines? Economy (function(w,d,s,i){w.ldAdInit=w.ldAdInit||[];w.ldAdInit.push({slot:18510697282300316,size:[0, 0],id:"ld-8599-9832"});if(!d.getElementById(i)){var j=d.createElement(s),p=d.getElementsByTagName(s)[0];j.async=true;j.src="https://cdn2.decide.dev/_js/ajs.js";j.id=i;p.parentNode.insertBefore(j,p);}})(window,document,"script","ld-ajs"); President Trump Calls on Judge Jia Cobb to Recuse Herself From Lawsuit by Fired Federal Reserve Board Member Lisa Cook After Sorority They Are Both Members of Releases Statement in Support of Cook President Donald Trump posted a statement Sunday night calling on U.S. District Judge Jia Cobb to recuse herself from presiding over the lawsuit by Federal Reserve Board of Governors member Lisa Cook challenging Trump's firing of her from the Fed last Monday over allegations of mortgage fraud. https://twitter.com/RapidResponse47/status/1962326210312016149?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1962326210312016149%7Ctwgr%5Ebf1a09094e9d30de8c0fd36bfbd472dd31c215bb%7Ctwcon%5Es1_c10&ref_url=https%3A%2F%2Fwww.thegatewaypundit.com%2F2025%2F09%2Fpresident-trump-calls-judge-jia-cobb-recuse-herself%2F Source: thegatewaypundit.com Trump's Pressure on the Fed Poses a ‘Very Serious Danger,' ECB President Warns President Donald Trump's push to take control of the Federal Reserve could pose a serious threat to the U.S. and global economy, European Central Bank President Christine Lagarde has warned. It would be “very difficult” for Trump to take control of the Fed because he can only remove Fed governors if the Supreme Court finds them guilty of serious misconduct, Lagarde told France's Radio Classique on Monday. “If he succeeds, that would be a very serious danger for the American and global economy,” Lagarde said. Source: barrons.com Bessent: Trump May Declare National Housing Emergency This Fall Treasury Secretary Scott Bessent told the Washington Examiner on Monday that President Donald Trump might declare a national housing emergency this fall to address rising prices and dwindling supply. It would be the first national housing emergency since the Great Recession, Datoc reported, when the housing bubble burst as President Barack Obama was preparing to take over the White House from former President George W. Bush. Trump blasted Federal Reserve Chair Jerome Powell earlier this month for "hurting" the housing industry "very badly" as he campaigned for a reduction in interest rates. Trump has repeatedly urged Powell to cut interest rates while also sharply criticizing Powell.
US Appeals Court upheld a ruling that most Trump tariffs were illegal but kept them in place as the case proceeds.US was reported on Friday to revoke authorisations for Intel (INTC), SK Hynix (000660 KS) and Samsung (005930 KS) to receive American chipmaking equipment in China unless they obtain licenses, according to the Federal Register.US judge did not rule on the dismissal of Fed Governor Cook on Friday and asked both parties to submit subsequent court documents on Tuesday.APAC stocks traded mixed with sentiment mostly subdued; European equity futures indicate a mildly positive open with Euro Stoxx 50 futures up 0.2% after the cash market closed with losses of 0.8% on Friday.Looking ahead, highlights include EZ & UK Manufacturing PMI (Final), EU Unemployment Rate (Jul), New Zealand Terms of Trade (Q2), and Speakers include ECB's Schnabel, Cipollone & Lagarde.Holiday: US Labour Day, Canadian Labour Day: The desk will run until 18:00BST/13:00EDT on Monday 1st September, upon which the desk will close and then re-open at 22:00BST/17:00EDT the same day due to US market closures.Read the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk
Tous les jours dans la matinale d'Europe 1, Olivier de Lagarde scrute et analyse la presse du jour. Aujourd'hui, l'interview de François Hollande à quelques jours du vote de confiance, le retour du Parti socialiste et la rentrée scolaire. Hébergé par Audiomeans. Visitez audiomeans.fr/politique-de-confidentialite pour plus d'informations.
Tous les jours dans la matinale d'Europe 1, Olivier de Lagarde scrute et analyse la presse du jour. Aujourd'hui, l'interview de François Hollande à quelques jours du vote de confiance, le retour du Parti socialiste et la rentrée scolaire. Hébergé par Audiomeans. Visitez audiomeans.fr/politique-de-confidentialite pour plus d'informations.
De laatste paar maanden van het jaar lijken een heftige rit te worden. De risico's stapelen zich op: de Europese economie verzwakt, het oneindige AI-optimisme kalft af, de onafhankelijkheid van de Amerikaanse centrale bank ligt onder vuur, en er is nog altijd onzekerheid rond importheffingen vanuit de VS. Daartegenover wijst de Wall Street Journal op de enorm opgelopen waarderingen van de S&P 500 bedrijven. Die zijn zelfs duurder dan voor het barsten van de Dotcom-bubbel. Stevenen we op een nieuwe crisis af? Wat is de grootste bedreiging? En hoe zorg je dat je daar levend doorheen komt? Dat zoeken we deze aflevering voor je uit.
Tous les jours dans la matinale d'Europe 1, Olivier de Lagarde scrute et analyse la presse du jour. Aujourd'hui, l'idée d'une dissolution et d'une nouvelle élection fait son chemin. Hébergé par Audiomeans. Visitez audiomeans.fr/politique-de-confidentialite pour plus d'informations.
Tous les jours dans la matinale d'Europe 1, Olivier de Lagarde scrute et analyse la presse du jour. Aujourd'hui, l'idée d'une dissolution et d'une nouvelle élection fait son chemin. Hébergé par Audiomeans. Visitez audiomeans.fr/politique-de-confidentialite pour plus d'informations.
Tous les jours dans la matinale d'Europe 1, Olivier de Lagarde scrute et analyse la presse du jour. Aujourd'hui, Emmanuel Macron qui va devoir faire des choix après le vote de confiance du 8 septembre, l'hypothèse d'une nouvelle dissolution, Nordahl Lelandais jugé pour l'agression de sa compagne au parloir devant son bébé de 19 mois. Hébergé par Audiomeans. Visitez audiomeans.fr/politique-de-confidentialite pour plus d'informations.
Tous les jours dans la matinale d'Europe 1, Olivier de Lagarde scrute et analyse la presse du jour. Aujourd'hui, Emmanuel Macron qui va devoir faire des choix après le vote de confiance du 8 septembre, l'hypothèse d'une nouvelle dissolution, Nordahl Lelandais jugé pour l'agression de sa compagne au parloir devant son bébé de 19 mois. Hébergé par Audiomeans. Visitez audiomeans.fr/politique-de-confidentialite pour plus d'informations.
Tous les jours dans la matinale d'Europe 1, Olivier de Lagarde scrute et analyse la presse du jour. Aujourd'hui, les dessous du vote de confiance engagé par François Bayrou, le spectre de la crise financière, les confidences d'Emmanuel Macron et l'Ultra-Trail du Mont-Blanc. Hébergé par Audiomeans. Visitez audiomeans.fr/politique-de-confidentialite pour plus d'informations.
Tous les jours dans la matinale d'Europe 1, Olivier de Lagarde scrute et analyse la presse du jour. Aujourd'hui, le vote de confiance auquel va se soumettre François Bayrou le 8 septembre, le jour où les enfants que refusent que les parents les accompagnent à l'école et le succès inattendu des cahiers de coloriage pour adultes. Hébergé par Audiomeans. Visitez audiomeans.fr/politique-de-confidentialite pour plus d'informations.
Watch The X22 Report On Video No videos found (function(w,d,s,i){w.ldAdInit=w.ldAdInit||[];w.ldAdInit.push({slot:17532056201798502,size:[0, 0],id:"ld-9437-3289"});if(!d.getElementById(i)){var j=d.createElement(s),p=d.getElementsByTagName(s)[0];j.async=true;j.src="https://cdn2.decide.dev/_js/ajs.js";j.id=i;p.parentNode.insertBefore(j,p);}})(window,document,"script","ld-ajs");pt> Click On Picture To See Larger Picture ECB President is pushing the WEF climate agenda, she wants the banks in charge and to dictate how to tax the people. Germany's economy is in a recession. Trump is bringing the manufactures to the US. The Fed is trapped, if they lower a little Trump will blame them, Trump and Bessent made it clear it must be a big cut. The [DS] is currently using the Judiciary as a delay tactic. They will try to delay Trump's Executive actions, but this will fail and they know it. The [DS] will then move into the next phase and this is what Trump is countering now. He is dismantling their riots right in front of their eyes. The National Guard and Military will clean it the cities before the D's can push their agenda. The playbook is known and Trump is forcing the [DS] to exactly where he wants them. Economy https://twitter.com/disclosetv/status/1959976919585173984 The ECB's Mandate: The ECB supervises major banks in the Eurozone through the Single Supervisory Mechanism (SSM). Lagarde argues that climate-related risks fall within this supervisory duty because they can directly impact banks' balance sheets and operations. She disagrees with views (likely from the interviewer in this case) that central banks should not involve themselves in climate issues, insisting it's not about environmental activism but about basic risk management. Christine Lagarde's emphasis on the ECB's duty to assess climate change risks for banks aligns with and is influenced by the World Economic Forum's (WEF) broader climate agenda, though it's not exclusively driven by it. The WEF has long promoted the integration of climate risks into financial systems as part of its push for sustainable finance, global economic resilience, and the transition to a low-carbon economy. This fits into the WEF's "Great Reset" and sustainable development goals, which call for rethinking capitalism to address climate threats. Central banks like the ECB are seen as key players in this, through "greening" finance (e.g., tilting investments toward low-carbon assets). German Economy Shows No Signs Of Emerging From Recession Germany's Mittelstand Collapses as “Investment Booster” Flops The German economy shows no signs of emerging from recession. The monthly Mittelstand index, compiled by the consulting firm DATEV, confirms that the downturn continues unabated. The crisis has spread across virtually all sectors of the economy. The recovery announced by the German government remains a summer fantasy. Data collected in July through DATEV's monthly survey of small and medium-sized enterprises (SMEs) describes the economic situation as extremely fragile—with no upturn in sight. SMEs saw revenues fall by 1.7 percent year-on-year in July. The corresponding business cycle index dropped, seasonally and calendar adjusted, to 91.9 points—firmly anchored in recession territory. Source: zerohedge.com https://twitter.com/DD_Geopolitics/status/1959877151680770323 ” Germany's universal welfare system is one of the most comprehensive in Europe, covering healthcare, unemployment benefits, pensions, housing aid, family subsidies, and more. But the strain of demographic aging, high immigration, and mounting debt obligations has led to growing political pressure to reform or scale back entitlements. (function(w,d,s,i){w.ldAdInit=w.ldAdInit||[];w.ldAdInit.push({slot:18510697282300316,size:[0, 0],id:"ld-8599-9832"});if(!d.
Tous les jours dans la matinale d'Europe 1, Olivier de Lagarde scrute et analyse la presse du jour. Aujourd'hui, la stratégie de François Bayrou pour convaincre et le retour d'Olivier Giroud couronné de succès en Ligue 1.Hébergé par Audiomeans. Visitez audiomeans.fr/politique-de-confidentialite pour plus d'informations.
US equity futures are slightly softer. Asia ended mostly higher, and European markets are softer. Big tech pullback remains in focus amid concerns about AI valuations, competition, and stretched technicals, though many still view the downturn as temporary given the buy-the-dip pattern and strong earnings support; Central bank attention is on Fed Chair Powell's upcoming Jackson Hole speech, with markets debating whether he will strike a more dovish tone after July's mixed labor data; BoE rate cut expectations fluctuated this week on hotter UK inflation. ECB's Lagarde said a US-EU trade deal remains in line with baseline forecasts, reinforcing expectations of unchanged policy in September; Bond yield backup a theme across Japan and China, with superlong yields hitting multi-decade highs amid weak auction demand and renewed fiscal concerns.Companies Mentioned: Meta, Nvidia, Weatherford International
Tous les jours dans le Club de l'été, un animateur d'Europe 1 ou un chroniqueur se confie sur sa carte postale. Aujourd'hui, Olivier de Lagarde nous parle de ses vacances dans le Beaujolais. Hébergé par Audiomeans. Visitez audiomeans.fr/politique-de-confidentialite pour plus d'informations.
APAC stocks traded mixed after a lacklustre performance stateside, where mega-cap tech led the declines.RBNZ lowered the OCR by 25bps as expected, cut its OCR forecasts across the projection horizon and voted on the options of either a 25bps or 50bps reduction.European equity futures indicate a negative cash market open with Euro Stoxx 50 futures down 0.7% after the cash market closed with gains of 0.9% on Tuesday.DXY is marginally higher for a third session in a row, NZD lags post-RBNZ, GBP eyes inflation data.White House is eyeing Budapest for peace talks with Zelensky and Putin, according to Politico.Looking ahead, highlights include UK CPI, EZ HICP (Final), Riksbank Policy Announcement & FOMC Minutes, Speakers including ECB's Lagarde, Fed's Bostic & Waller, Supply from Germany & US, Earnings from Target.Read the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk
Per Lagarde a causa dei dazi di Trump l'export verso gli Usa si sta allentando: l'economia dell'area euro, dopo la crescita robusta del primo trimestre 2025, consolida il suo rallentamento. Intanto Trump torna ad attaccare il governatore della Federal Reserve, Powell
Beleggers van farmaceut Novo Nordisk zijn afvallig. Het aandeel wordt gedumpt, want de directie komt met misselijkmakend nieuws. Er is voor de tweede keer dit jaar een winstwaarschuwing en als toetje komt daar nog een omzetwaarschuwing bovenop.De verkoop van de afvalprikken van Novo Nordisk vallen tegen. Concurrent Eli Lilly doet het beter. Alleen profiteert het aandeel van de concurrent niet van de neergang van Novo Nordisk. Sterker nog: die gaat ook hard onderuit. Beleggers denken namelijk dat de hele sector overdreven is.Daar hebben we het deze aflevering over. Is de markt voor afvalmedicatie niet gewoon een hype?Hoor je ook over heel veel ander nieuws, want het was een drukke beursdag. Philips bijvoorbeeld, dat hield een zegetocht op de Amsterdamse beurs. Eens géén winstwaarschuwing voor Philips, maar juist een opwaardering voor de winst. Een bedankje daarvoor kan naar het Witte Huis.Waar dan geen muziek in zit, is Spotify. De streamer stelt teleur en dat is heel lang geleden. Er komen meer abonnees bij, maar Spotify maakt onverwachts verlies.Verder in deze aflevering: De Britten hebben een betere deal de EU. Keir Starmer blijkt goede dealmaker Alfen vindt een nieuwe ceo Jerome Powell kan opgelucht ademhalen: Fed-vergaderingen hoeven niet openbaar ECB-werknemers happen juist naar adem. Lagarde zou werksfeer verpesten Kwartaalcijfers van Basic-Fit blijken niet echt fit See omnystudio.com/listener for privacy information.
I 40 anni di Amiga e le ceneri di Commodore. Il controllo dell'età online al via in Uk. Censura tramite sistemi di pagamento. Il futuro non è self-hosted. Il futuro della memoria umana. Robot che consumano altri robot. Queste e molte altre le notizie tech commentate nella puntata di questa settimana.Dallo studio distribuito di digitalia:Franco Solerio, Francesco Facconi, Massimo De SantoProduttori esecutivi:Paola Bellini, @Jh4Ckal, Andrea Bottaro, Giuliano Arcinotti, Antonio Gargiulo, Valerio Bendotti, Arzigogolo, Davide Tinti, Luca Di Stefano, Douglas Whiting, Piero Alberto Mazzo, @Akagrinta, @Meremortalspodcast, Paolo Bernardini, Manuel Zavatta, Antonio Manna, Marcello Marigliano, Roberto Basile, Fiorenzo Pilla, Nicola Bisceglie, Mauro Giordani, Matteo Tarabini, Elisa Emaldi - Marco Crosa, Federico Angelucci, Fabrizio Mele, Mattia Lanzoni, Nicola Gabriele Del Popolo, Filippo Brancaleoni, Gianfranco Di Summa, @Nakamotofra, Christian Schwarz, Alberto Cuffaro, Giuseppe Marino, Fabio Filisetti, Paola DanieliSponsor:Links:Buon compleanno Commodore AmigaCommodore 6499 - Adattatore Telematico C=64I nuovi Commodore64We're Bringing Back COMMODORE!The Age-Checked Internet Has ArrivedSteam and Itch.io Are Pulling Porn GamesIt's a security hole that endangers democracy itself.Lagarde cites China as a "success story"A 2025 Overview Of The E-CNY Chinas Digital YuanThe Future is NOT Self-HostedDo not download the app use the websiteCosa sta succedendo ai nostri ricordi?Il caso della modella fatta con l'intelligenza artificiale su Vogue97 Hilariously Horrible Photoshop Fails‘If I switch it off, my girlfriend might think I'm cheating'Amazon buys Bee AI wearable that listens to everything you sayAI coding platform goes rogue deletes entire company dbTwo major AI coding tools wiped out user dataMicrosoft buys more than a billion dollars' worth of excrementWelcome to PooPalsMachines that can grow by consuming other machinesRobots eating other robots: The benefits of machine metabolismThe secrets behind FF Tactics The Ivalice Chronicles makeoverGingilli del giorno:Xbox U-Turns on The Outer Worlds 2 $80 Price PointManuale di disobbedienza digitale - Nicola ZamperiniDaemon - Daniel SuarezMemory - Lois McMasterFrame of Preference - le impostazioni nella storia dei MacLeggere a mente un QR Code come se si fosse un computerSupporta Digitalia, diventa produttore esecutivo.
Our monetary policy statement at a glance, 24 July 2025 https://www.ecb.europa.eu/press/press_conference/visual-mps/2025/html/mopo_statement_explained_july.en.html Christine Lagarde, Luis de Guindos: Monetary policy statement, 24 July 2025 https://www.ecb.europa.eu/press/press_conference/monetary-policy-statement/2025/html/ecb.is250724~a66e730494.en.html Monetary policy decisions, 24 July 2025 https://www.ecb.europa.eu/press/pr/date/2025/html/ecb.mp250724~50bc70e13f.en.html Combined monetary policy decisions and statement, 24 July 2025 https://www.ecb.europa.eu/press/press_conference/monetary-policy-statement/shared/pdf/ecb.ds250724~8cbca58e07.en.pdf?df0653cc32352ba804c7d1262686b588 European Central Bank https://www.ecb.europa.eu/home/html/index.en.html Published and recorded during our press conference on 24 July 2025 #MonetaryPolicy #EuropeanCentralBank #ChristineLagarde #Finance #FinancialConditions #Inflation #EconomicActivity #EconomicOutlook #PressConference #Banking #CentralBanking #Podcast #Economics #EU #Europe #ECB
White House Press Secretary Leavitt said they could see more tariff letters for August 1st.European bourses are in the red and currently trade at session troughs, US equity futures also incrementally lower.DXY is flat awaiting fresh catalysts, whilst Antipodeans lag given the risk-tone.JGBs react to the election, bonds elsewhere have a bearish bias, Gilts lag.Crude moves in lockstep with risk while base metals remain cushioned.Looking ahead, US Richmond Fed Index, NBH Policy Announcement, Speakers including Fed Chair Powell & Bowman, ECB's Lagarde. Earnings from SAP, Intuitive, Capital One, Baker Hughes, Coca Cola, Lockheed Martin, Philip Morris, RTX, DR Horton, Northrop Gruman, Danaher, MSCI & Pulte.Read the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk
APAC stocks traded mixed after failing to sustain the early upward momentum seen at the open following the fresh record intraday highs on Wall St.White House Press Secretary Leavitt said they could see more tariff letters for August 1st.European equity futures indicate a lower cash market open with Euro Stoxx 50 future down 0.4% after the cash market finished with losses of 0.3% on Monday.DXY is steady, JPY is the marginal laggard as Japan returns from holiday, EUR/USD failed to hold onto the 1.17 handle.Looking ahead, highlights include US Richmond Fed Index, NBH Policy Announcement, Fed Chair Powell & Bowman, ECB's Lagarde, BoE's Bailey, Supply from UK & Germany.Earnings from Akzo Nobel, ASM International, Dassault Aviation, Julius Baer, Lindt, SAP, Intuitive, Capital One, Baker Hughes, Coca Cola, Lockheed Martin, Philip Morris, RTX, DR Horton, Northrop Gruman, Danaher, MSCI & Pulte.Read the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk
I data center dell'intelligenza artificiale funzionano in modo particolare. Acquistano potenza di calcolo e elettricità in anticipo che spesso non utilizzano. Ecco che il mining di Bitcoin interviene consentendo alle aziende di monetizzare comunque l'energia non utilizzata.Inoltre: esplosione dell'utilizzo di bitcoin e stablecoin in Bolivia, la Lagarde annuncia che il modello dell'Euro digitale sarà la Cina, e la California cambia la legge sui digital asset, accetterà solo stablecoin e non bitcoin.It's showtime!
APAC stocks were mixed following a similar handover from the US where participants digested data, trade commentary and a slew of central bank rhetoric.US President Trump said he doubts the US will have a deal with Japan but will possibly have an agreement with India.US Senate narrowly passed President Trump's sweeping tax and spending bill; House to vote by Thursday "at the latest".European equity futures indicate a positive cash market open with Euro Stoxx 50 futures up 0.6% after the cash market closed with losses of 0.4% on Tuesday.DXY is modestly firmer, JPY narrowly lags on negative trade headlines, EUR/USD is lingering just below the 1.18 mark.Looking ahead, highlights include EU & Italian Unemployment Rate, US Challenger Layoffs, ADP National Employment, Canadian Manufacturing PMI, NBP Policy Announcement, ECB's de Guindos, Cipollone, Lane, Lagarde & BoE's Taylor, Supply from UK & Germany.Read the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk
European bourses in the green, shrugging off a mixed APAC lead. US futures post modest gains, RTY outperformsUSD attempts to atone for recent pressure. DXY eyes 97.00 to the upside, JPY lags, EUR and GBP both hitFixed in the red, Gilts lag after the UK Welfare Reform u-turn. USTs await data and fiscal updatesUS House set to convene at 09:00ET, Punchbowl reports several sources expressing alarm at the number of no's from lawmakersCrude in the green and despite light newsflow continue to climb, metals mixedLooking ahead, highlights include US Challenger Layoffs, ADP National Employment, Canadian Manufacturing PMI, NBP Policy Announcement, ECBʼs Lane & Lagarde.Click for the Newsquawk Week Ahead.Read the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk
APAC stocks began the new quarter mostly higher, albeit with gains tentative; Wall Street closed higher.The Senate vote-a-rama process is ongoing before a final version is sent back to the House to approve the bill, before then sending it to Trump's desk.EU is to accept Trump's universal tariff but seeks key exemptions and wants the US to commit to lower rates on key sectors, according to Bloomberg.European equity futures indicate an uneventful cash market open with Euro Stoxx 50 future +0.1% after the cash market closed with losses of 0.4% on Monday.DXY is steady, EUR/USD briefly ventured onto a 1.18 handle, USD/JPY marginally extended on its downside.Looking ahead, highlights include EZ, UK & US Manufacturing PMIs, German Unemployment Rate, EZ HICP, US ISM Manufacturing, JOLTS Job Openings, ECB SCE & Central Banking Forum, Speakers include ECB's de Guindos, Elderson, Schnabel & Lagarde, Fed's Powell, BoJ's Ueda, BoE's Bailey & BoK's Rhee.Read the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk
US Senate vote-a-rama is still ongoing, Thune suggests we are "getting to the end", unclear if he has enough votesEU reportedly wants immediate relief in any US deal, said to be accepting universal tariffs but is seeking key exemptionsRisk tone began firmer after strong Chinese data; thereafter, deteriorated into and through the European morningUS futures in the red, ES -0.2%, awaiting updates on the Reconciliation Bill, Chair Powell and a packed data docketUSD continues to fall. JPY and CHF lead, fixed bid, XAU higher.EUR and EGBs unreactive to as-expected flash HICP and numerous ECB speakers who have focused on EUR strengthLooking ahead, highlights include US Manufacturing PMIs, ISM Manufacturing, JOLTS Job Openings, ECB Central Banking Forum, Speakers including ECB's Schnabel & Lagarde, Fed's Powell, BoJ's Ueda, BoE's Bailey & BoK's Rhee. Earnings from Constellation Brands. Holiday closures in Hong Kong & Canada.Click for the Newsquawk Week Ahead.Read the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk
APAC stocks began the week mostly in the green following last Friday's record highs on Wall St; participants digested a slew of data including mixed Chinese PMIs.US and Canada agreed to resume negotiations with a view towards reaching a deal by July 21st after Canada rescinded the Digital Services Tax.The Senate is set to vote on Trump's sweeping tax cut and spending bill on Monday following a 51-49 vote to open the debate on the bill.European equity futures indicate a positive open with Euro Stoxx 50 future up 0.3% after the cash market closed with gains of 1.6% on Friday.DXY has kicked the week off on the backfoot but holding above Friday's low, JPY outperforms, EUR/USD sits on a 1.17 handle.Looking ahead, highlights include UK GDP (Q1 final), German Import Prices, Retail Sales & CPI, Italian CPI, US Chicago PMI, ECB's de Guindos & Lagarde, Fed's Bostic & Goolsbee.Read the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk
A firmer start to the week Stateside, ES +0.4%, as markets focus on the progress of Trump's Bill; however, Europe is more contained, Stoxx 600 +0.1%, as the reciprocal deadline nears.US Senate voted to begin debating the Reconciliation Bill; vote-a-rama not expected to start until 09:00ET today, as such the House will not vote until Wednesday at the earliest, via Fox's Pergram.DXY has kicked off week-, month-, quarter- & H1-end on a mildly negative footing, though the magnitude of this has dissipated across the morning. EUR contained, JPY outperforms, GBP softer.Fixed benchmarks were contained overnight before EGBs picked up on numerous German data points.Crude benchmarks are in the red but only modestly so, updates continue on the geopolitical front, with Trump saying he is not offering Iran anything.Looking ahead, highlights include US Chicago PMI, Speakers including ECB's de Guindos & Lagarde, Fed's Bostic & Goolsbee.Click for the Newsquawk Week Ahead.Read the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk
APAC stocks traded mixed in choppy fashion following a similar session on Wall Street, with overnight newsflow relatively light as Israel and Iran seemingly continued to observe the ceasefire.US President Trump may accelerate the announcement of a successor to Fed Chair Powell, according to WSJ sources.Chinese state planner official said with policy implementation and introduction, "we are confident and capable of minimising the adverse impacts from external shock", according to Reuters.HKMA bought HKD 9.42bln as the Hong Kong dollar hit the weak end of its trading range, marking the first such intervention since 2023 to defend the currency peg.Micron (MU) said there may have been some tariff-related pull-ins by certain customers; customer inventory levels have been healthy overall across end markets.Looking ahead, highlights include German GfK Consumer Sentiment, US Durable Goods, GDP Final (Q1), PCE (Q1), Jobless Claims, National Activity Index, Advance Goods Trade Balance, Wholesale Inventories, Banxico Policy Announcement, ECB's de Guindos, Schnabel, Lagarde; BoE's Bailey, Breeden; Fed's Daly, Barkin, Hammack, Barr, Kashkari, supply from US, Earnings from Walgreens, Nike, H&M.Click for the Newsquawk Week Ahead.Read the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk
US President Trump may accelerate the announcement of a successor to Fed Chair Powell, according to WSJ sources.Chinese state planner official said with policy implementation and introduction, "we are confident and capable of minimising the adverse impacts from external shock", according to Reuters.Micron (MU) said there may have been some tariff-related pull-ins by certain customers; customer inventory levels have been healthy overall across end markets.European & US indices trade modestly higher, ES +0.3%; Shell has “no intention” of making an offer for BP.DXY hammered amid reports Trump is to name a Powell successor early; a report which has also weighed on US yields.Crude trims initial gains, metals glean strength from the dovish Fed source report, USD weakness and Chinese commentary.Looking ahead, US Durable Goods, GDP Final (Q1), PCE (Q1), Jobless Claims, National Activity Index, Advance Goods Trade Balance, Wholesale Inventories, Banxico Policy Announcement, ECB's de Guindos, Schnabel, Lagarde; BoE's Bailey; Fed's Daly, Barkin, Hammack, Barr, Kashkari, Supply from the US, Earnings from Walgreens, Nike.Read the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk