ECB's Nagel Raises Prospect of June Rate Cut

It is increasingly likely the ECB will lower its key interest rate over the coming months, the head of Germany's central bank said. 


 
The New Normal for Mortgage Rates Will Be Higher Than Many Hope

Changes across the market for mortgage-backed bonds mean rates can stay elevated even once the Federal Reserve starts cutting. 


 
Hannon's Take: The Swiss Aside, Central Bankers Have Yet to Declare Victory

It is increasingly clear that central banks in rich countries expect to lower rates over coming months. But only one has declared victory in the battle to tame inflation. 


 
German Business Mood Improves on Hopes for Economy

Business sentiment in Germany turned brighter in March, boosted by a better outlook for the economy, according to the latest Ifo survey. 


 
Beijing Concerned Funds From Liquidity Boosts Aren't Finding Borrowers

China's policymakers are growing concerned that intensified monetary policy support has led to excessive liquidity in the banking system that isn't being funneled into the real economy. 


 
The Tea Shops Bubbling Up Hong Kong's Anemic IPO Market

Hong Kong's IPO market was once the biggest in the world. Now, its great hope is bubble tea with at least four Chinese stores that sell bubble tea preparing to go public in the city, where nine companies have listed shares so far this year. 


 
Immigration Is Helping the U.S. Edge Out Asia

Antipathy toward large-scale foreign labor is emerging as Asia's Achilles' heel. 


 
Who Is Fueling the Surge in Shares of the Trump SPAC?

The shares have risen sharply, potentially sending a financial lifeline to a presidential candidate whose finances are under stress. 


 
U.K.'s Flat Retail Sales Boost Hopes of Economic Rebound

Retail sales were flat in the U.K. in February as better online sales offset weak in-store traffic, keeping the country on track for a consumer-led rebound in the first half of the year. 


 
U.K. Consumers Prove Cautious, Survey Suggests

Consumer confidence remains weak in the U.K. on continued concerns over the economy, although a gauge of sentiment on personal finances hit the highest level since December 2021.


(END) Dow Jones Newswires

03-22-24 0715ET