ECB Set to Raise Interest Rates for the First Time Since 2023, European Markets Open Cautiously
Investors expect a 25 basis point rate hike, which could impact economic growth and corporate profits.
Lagarde Urges Europe to Cut Energy Import Dependency Amid Rising Prices
ECB President Christine Lagarde urged Europe to reduce reliance on fossil fuels and energy imports, citing rising prices and climate risks. She noted the green transition has lost momentum.
Switzerland’s Inflation Hits 16-Month High Amid Rising Energy Prices
Switzerland’s inflation accelerated to a 16-month high in April, driven by rising energy prices. The central bank expects the surge to be temporary.
S&P 500 Retreats from Record High Amid Middle East Tensions
The S&P 500 fell 0.5% from its record high as Middle East tensions escalated and investors prepared for earnings season. Analysts warn against confusing a narrow rally with a broad market signal.