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The European Central Bank cut interest rates again on Thursday, accelerating the pace of lowering borrowing costs, as inflation in the eurozone cools more quickly than expected and the economy loses momentum.The Frankfurt-based agency cut interest rates by a quarter of a percentage point, following a similar-sized cut at its previous meeting in September.Thursday's action marks the first time the ECB has cut interest rates in two consecutive meetings since it began the process of lowering borrowing costs in response to falling inflation.The ECB has cut interest rates three times since June from a high of 4%, leaving the benchmark…

European and U.S. stock markets rose on Thursday as the European Central Bank cut interest rates and concerns that the tech sector was struggling eased after earnings from major chipmaker TSMC. All major eurozone exchanges closed higher, with London joining them, after the ECB cut its key interest rate by a quarter of a percentage point and expressed confidence that inflation was under control.”Overall, the ECB's decision is good news for investors,” said Jochen Stanzl, chief analyst at CMC Markets. “Investors now feel they are in a largely positive environment with the ECB supporting rather than hindering the bullish mood.”…

The European Central Bank cut interest rates again on Thursday, accelerating the pace of lowering borrowing costs, as inflation in the euro zone cools more quickly than expected and the economy loses momentum.The Frankfurt-based agency cut interest rates by a quarter of a percentage point, following a similar-sized cut at its previous meeting in September.Thursday's action marks the first time the ECB has cut interest rates in two consecutive meetings since it began the process of lowering borrowing costs in response to falling inflation. The ECB has cut interest rates three times since June from a high of 4%, leaving…

The European Central Bank cut interest rates again on Thursday, accelerating the pace of lowering borrowing costs, as inflation in the euro zone cools more quickly than expected and the economy loses momentum.The Frankfurt-based agency cut interest rates by a quarter of a percentage point, following a similar-sized cut at its previous meeting in September.Thursday's action marks the first time the ECB has cut interest rates in two consecutive meetings since it began the process of lowering borrowing costs in response to falling inflation.The ECB has cut interest rates three times since June from a high of 4%, leaving the…

The 42nd week of 2024 saw significant movement in the crypto market. While Bitcoin rose slightly, altcoins had a mixed performance. Macroeconomic events and technological advances played an important role in these fluctuations. Bitcoin is on the rise while altcoins are disappointed! Last week saw significant movement in the cryptocurrency market. After a period of relative calm, the price of Bitcoin rose slightly by 4% from $57,000 to $59,000. According to Bitvavo, this increase is mainly due to the return of investor confidence and positive developments in the technology sector. However, altcoins had a mixed performance, with some posting notable…

Manufacturer of Ethereum-Based combat arena game moon ray has announced that it will release a free-to-play title on PlayStation 5 next year. However, citing Sony policy, the game will launch on consoles without Web3 functionality.On PC via the Epic Games Store, the game already had a Play-to-Airdrop campaign where gamers could complete challenges to win chunks of the soon-to-be-launched MNRY tokens. Project NFT I received an additional bonus. A similar system is planned to be introduced. mobile auto battler Moonray is expected to be released early next year. But this isn't the case with the PS5 version of the arena…

The US dollar soared, snapping a five-day winning streak. Traders heard Christine Lagarde say that the eurozone's growth outlook will deteriorate further following the ECB's 25 basis point interest rate cut. The US Dollar Index appears to have broken through a major level and is heading towards 104.00. The U.S. dollar (USD) has risen for the fifth straight day when looking at the U.S. dollar index (DXY), which is considered a benchmark for the performance of the U.S. dollar. China's Housing Minister announced on Thursday that it would begin providing 4 trillion yuan (CNY) in funding to support the domestic…

Crude oil found support and stabilized from Thursday's weekly low of $69.15. Overnight API weekly numbers came with an unexpected drawdown. The US dollar index broke through a major level on its way to 104.00. After a four-day losing streak, oil prices hit a bottom on Thursday and stabilized, but are still down nearly 7% for the week. The floor that is starting to form includes traders questioning whether Israeli Prime Minister Benjamin Netanyahu will keep his promise to the United States (US) not to attack Iranian oil facilities. Further support came from the American Petroleum Institute's (API) weekly statistics…

The European Central Bank cut its key interest rate by 25 basis points on Thursday, as expected, as policymakers say the process of defusing inflation is on track, although policymakers remain concerned about inflation. is strengthening. health euro area economy This follows some soft data released since the September policy meeting.The ECB's Governing Council, led by Christine Lagarde, cut the deposit facility interest rate by a quarter of a basis point to 3.25% after a rate-setting meeting in Slovenia's capital Ljubljana.“…the Board’s decision to reduce the deposit facility rate, the rate at which it determines its monetary policy stance, is…

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