Latest news with #BNP Paribas
Zawya
3 days ago
- Business
- Zawya
Deutsche Bank pulls ECB rate cut forecast for 2025, eyes hike as next move
Deutsche Bank on Tuesday became the latest brokerage to withdraw its forecast for further interest rate cuts by the European Central Bank, while betting the next policy move to be a hike at the end of 2026 following a tariff deal between the U.S. and EU. Last week, Goldman Sachs and BNP Paribas scrapped their forecasts for rate cuts this year. HSBC reiterated that the central bank is done cutting rates. BNP expects the ECB to deliver a rate hike in the fourth quarter of 2026. The European Union and the U.S. sealed a trade deal on Sunday, imposing a 15% tariff on most EU goods — half the threatened rate and averting a major transatlantic trade war. "With a deal having now been reached, trade policy is less of a reason for the ECB to cut policy rates further," analysts at Deutsche Bank said in a note. "Further easing is now a risk scenario." The ECB held rates steady at 2% last week and offered a modestly upbeat assessment of the euro zone economy, raising doubts among investors about further policy easing. The central bank has cut its policy rate eight times since June 2024. Other major brokers, including Morgan Stanley and UBS, have also flagged uncertainty around a September rate cut. Traders expect the ECB to cut rates twice more to around 1.85% by December. They then price a small chance of a rate hike by September 2026, according to data compiled by LSEG.
Bloomberg
24-07-2025
- Business
- Bloomberg
Stock Movers: Reckitt, STMicro, BNP Paribas
On this episode of Stock Movers: - Reckitt's shares surged to the highest in almost 17 months after the consumer goods company said its biggest brands will grow more than forecast, a sign its plan to revive the business is working. - STMicro's shares plunged the most in a year after the chipmaker posted a surprise loss due to restructuring charges. - BNP Paribas reported better-than-expected profit as the French lender got a boost from its fixed-income traders while equities slumped in the volatility triggered by the US tariff announcements.
Bloomberg
23-07-2025
- Business
- Bloomberg
Schultz: SARB in a Position to Ease Rates More
South African president, Cyril Ramaphosa, has dumped his embattled education minister in a bid to ease tension within the coalition government and pave the way for budget approval. Meanwhile investors are awaiting South Africa's June CPI print on Wednesday, July 23 and the SARB's rate decision on July 31. Jeffrey Schultz, Head of CEEMEA Economics at BNP Paribas Markets 360 spoke to Bloomberg's Horizons Middle East and Africa's anchor Joumanna Bercetche and Chief Africa Correspondent Jennifer Zabasajja. (Source: Bloomberg)
