European economy


ECB

ECB Preview: Could Come Across With Hawkish Tone

The ECB meeting this week should be a non-event, but risks are for a hawkish surprise in tone. We will be all ears on two elements: the timeline and the motivation for the review that starts this week and finishes before the end of 2020.


EU Green Deal: Bold headlines, elusive impact

Green Deal: Bold Headlines, Elusive Impact

Norbert Rücker (Head of Economics & Next Generation Research, Julius Baer) | The outline of the EU Green Deal, was announced yesterday with an overwhelming price tag underpinning its ambitions.The outline is comprehensive but vague, and the impact is elusive to date. Market forces continue to drive the transition.


Smartphone against illuminated financial district in the city with the concept of 5g communications technology 2 720x480

EU Industrial Chief Weighs in on 5G Debate

  (European Views) | The European Commissioner for Internal Market and Services Thierry Breton has rejected claims that relying on European firms in the ongoing 5G network roll-out would cause substantial delays, commenting on rising tensions in Germany over the possible risks posed by Chinese firm Huawei Technologies.






european green deal

European Green Deal: change will require considerable investments

The European Commission estimates that “meeting the current climate and energy objectives by 2030 will require an additional annual investment of € 260bn.” The requirement of stricter standards by 2030 and that there are no net emissions in 2050 will require the mobilization of the public and private sectors. 


lagarde

Lagarde announces broad “strategic review” of the ECB’s monetary policy, the first since 2003

Christine Lagarde gave her press conference as the head of the ECB yesterday. While alerting of the risks that the eurozone is facing, she promised to maintain both the official rates and the monetary stimuli of her predecessor Mario Draghi. However, the market’s focus was on the announcement of a broad “strategic review” of the ECB’s monetary policy, the first since 2003. This was interpreted as a possible change in the ECB targets, including inflation below 2%. Banks bounced with over + 3%.