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Analysis-German Bund anchor can shield euro area from excessive curve steepening

30 May 2025

By Stefano Rebaudo (Reuters) -A global selloff in government bonds due to concerns over high debt and bond sales has not left the euro zone unscathed, but Germany’s growing safe-haven status should shield the bloc from an excessive rise in long-term borrowing costs. Major bond markets from the United States to Japan and Europe have …

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EU to propose more flexible climate goal in July, sources say

30 May 2025

By Kate Abnett BRUSSELS (Reuters) -The European Commission will propose a new EU climate target in July that includes flexibilities for how countries meet it, as Brussels attempts to fend off mounting criticism of Europe’s environmental aims, EU diplomats told Reuters. The European Union’s climate commissioner, Wopke Hoekstra, confirmed plans to present an EU climate …

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ECB’s Panetta warns crypto losses can harm confidence in banks

30 May 2025

By Valentina Za ROME (Reuters) -European Central Bank policymaker and Bank of Italy Governor Fabio Panetta called on Friday for close monitoring of the reputational risks banks face in providing crypto-asset services, warning that losses could harm the trust of customers. Presenting the Bank of Italy’s annual report, Panetta warned about the growing links between …

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Pollen Street’s Lumon drops takeover pursuit of UK’s Argentex

30 May 2025

(Reuters) -Payments services provider Lumon Acquisitions said on Friday that it does not intend to make an offer for Argentex after the currency risk management firm rejected an earlier bid. WHY IT’S IMPORTANT Argentex became one of the first known casualties of the market turmoil caused by U.S. President Donald Trump’s erratic trade policies after …

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Italy May EU-harmonised CPI decelerates to 1.9% y/y, in line with forecast

30 May 2025

ROME (Reuters) -Italian EU-harmonised consumer prices (HICP) rose 0.1% month-on-month in May and the annual inflation rate decelerated to 1.9%, preliminary figures by official statistics agency ISTAT showed on Friday. A Reuters survey of 21 analysts had pointed to a flat month-on-month reading and a 1.9% year-on-year rise. Core inflation (net of fresh food and …

Italy May EU-harmonised CPI decelerates to 1.9% y/y, in line with forecast Read More »

Trump’s tariffs to remain in effect after appeals court grants stay

30 May 2025

By Dietrich Knauth and Sarah Marsh (Reuters) -A federal appeals court temporarily reinstated the most sweeping of President Donald Trump’s tariffs on Thursday, a day after a U.S. trade court ruled that Trump had exceeded his authority in imposing the duties and ordered an immediate block on them. The United States Court of Appeals for …

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Essilorluxottica to buy Optegra eyecare clinics

30 May 2025

MILAN (Reuters) -Essilorluxottica has entered an agreement to buy Optegra ophthalmic clinics from MidEuropa, as the Franco-Italian eyewear group aims to expand in the medical technology industry, the companies said on Friday. Financial details of the transaction, which is expected to close later this year, were not disclosed. The Optegra group operates a network of …

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BoE’s Taylor dismisses inflation concerns, renews call for lower rates, FT reports

30 May 2025

(Reuters) -Bank of England policymaker Alan Taylor played down concerns about a recent surge in inflation in a newspaper interview published on Friday and renewed his call for lower interest rates in Britain due to risks to growth from U.S. President Donald Trump’s trade war. Official figures last week showed British consumer price inflation jumped …

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Italy Q1 GDP confirmed at 0.3% q/q but y/y rate revised up

30 May 2025

ROME (Reuters) -Italy’s economy grew 0.3% in the first quarter from the previous three months due mainly to firm investments, national statistics bureau ISTAT said on Friday, confirming a previous printout. On a year-on-year basis, first quarter gross domestic product in the euro zone’s third largest economy was up 0.7%, ISTAT said, revising up an …

Italy Q1 GDP confirmed at 0.3% q/q but y/y rate revised up Read More »

ECB’s Panetta: reduced room for more rate cuts but must be flexible

30 May 2025

ROME (Reuters) -The European Central Bank has reduced room for further rate cuts but should maintain a pragmatic, flexible approach and make future decisions on a case-by-case basis, governing council member Fabio Panetta said on Friday. ECB policymakers are scheduled to meet on June 5, with financial markets expecting it to lower its key deposit …

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