U.S. Treasury yields saw slight increases, with the 10-year yield rising by 2 basis points to 4.337% and the 2-year yield inching up just under 1 basis point to 4.003%. The Producer Price Index (PPI) for February is anticipated to show a 0.3% month-over-month increase, providing insights into inflation dynamics. Recent economic indicators, including a … Read more
President Trump’s announcement of a 25% tariff on the European Union caused significant market turmoil, impacting both traditional and digital assets. Bitcoin’s price sharply declined, dropping below $84,000 and losing over 5% within hours, influencing the broader cryptocurrency index, CoinDesk20, which fell by 2.3%. The S&P 500 mirrored this disturbance, reaching session lows and undermining … Read more
Record-breaking news for homebuyers this month as mortgage rates hit an all-time low, with the latest data showing the euribor at 2.396%, the lowest figure since November 2022. Industry experts are witnessing a significant drop in mortgage rates, making it an ideal time to invest in real estate. Financial analysts are shocked by the rapid … Read more
Eurozone’s Inflation Eases in September Recent data reveals a notable shift in Eurozone’s inflation rate for September, marking a significant decline to 1.8% from the previous month’s 2.2%. This decrease, the lowest since May 2021, suggests a potential trend deviation from the soaring inflation experienced in October 2022. The current figures, below the 2% benchmark … Read more
Market turbulence hits automotive giants as companies such as Stellantis, Aston Martin, Renault Group, Volkswagen, Porsche, and Volvo Car experience a significant drop in stock prices. Stellantis witnessed a 14.01% decline due to revised 2024 profit forecasts, settling at 12.51 euros per share. Meanwhile, Aston Martin’s shares plummeted by 20.11% following the announcement of lower … Read more
Spanish Treasury has achieved success in its latest bond auction, raising 5.561 million euros across different bond maturities, all of which were sold at lower interest rates compared to previous auctions. Most notably, 2.384 million euros were allocated to seven-year bonds, with a reduced marginal yield of 2.701% from the previous 3.135%. Additionally, 1.773 million … Read more
Inflation in the food sector has dropped to 2.5% in August, marking the lowest rate in almost three years, according to recent data. This decrease, compared to the same month last year, confirms a downward trend in food prices that has been a significant strain on family economies in recent months. Beginning the year with … Read more
Amidst ongoing shifts in the European financial landscape, the Spanish Treasury recently conducted a successful auction of three and nine-month bonds, attracting significant investor interest despite lowering the yields to levels not seen in over a year and a half. Demand for Spanish debt reached nearly double the amount ultimately issued, reflecting continued confidence in … Read more
In the ever-evolving landscape of financial markets, digital payment platforms are emerging as the preferred choice for transactions. The convenience and efficiency of digital payments have led to a significant shift in consumer behavior, with more people opting for cashless transactions over traditional methods. Recent data shows a surge in digital payment usage as economic … Read more
The Euribor index underwent a significant decrease today, marking a shift in interest rates. This index, commonly used to calculate variable-rate mortgage interest in Spain, plays a crucial role in the financial sector. With various time frames ranging from one week to six months, the Euribor index offers a diverse range of options for lenders … Read more