The Latest Breaking News from Christine Lagarde

The claims appear to have sprung from reports that the Nordic countries have started advising citizens to keep a supply of cash at home in the case of a digital banking crisis.

European Central Bank president Christine Lagarde's recent remarks on a "digital euro" prompted a fresh wave of misinformation online, highlighting an uphill battle ahead to convince the public of the project's merits.

Eurozone consumer confidence weakened as looming trade tariffs raised concerns over growth and inflation. Meanwhile, Germany approved a massive fiscal package, but economists urged caution over immediate excitement.

The rally in European stock markets took a breather as EU leaders struggled to secure a €5 billion funding package for Ukraine. Investor sentiment was further dampened by the ECB’s cautious outlook on the economy and inflation, triggering selloffs, particularly in the defence and automotive sectors.

A trade war could push up eurozone inflation by half a percentage point alone with detrimental effects on growth, ECB’s Lagarde warns. The ECB president said rising trade tensions and a weaker euro could complicate monetary policy.

March S&P 500 E-Mini futures (ESH25) are down -0.43%, and March Nasdaq 100 E-Mini futures (NQH25) are down -0.60% this morning, tracking losses in European equities after ECB President Christine Lagarde stated that U.S. tariffs heightened uncertainty over the economic outlook.

March S&P 500 E-Mini futures (ESH25) are down -0.73%, and March Nasdaq 100 E-Mini futures (NQH25) are down -0.93% this morning, tracking losses in European equities after ECB President Christine Lagarde stated that U.S. tariffs heightened uncertainty over the economic outlook.

March S&P 500 E-Mini futures (ESH25) are up +0.18%, and March Nasdaq 100 E-Mini futures (NQH25) are up +0.25% this morning, extending yesterday’s gains after the Federal Reserve indicated there remains scope to lower interest rates later this year, as any tariff-driven rise in inflation is expected to be temporary.

US president Donald Trump has kicked trading tensions up a notch by threatening tariffs on EU alcohol, even as ECB president Lagarde warns that an escalating trade war could have severe global consequences.

The impact of a potential trade war with the United States and massive increases in European defense spending and government borrowing are looming over Thursday’s policy meeting at the European Central Bank

Massive German spending pledges and uncertainty caused by US trade policy are fuelling expectations the European Central Bank could on Thursday signal that a pause in interest rate cuts is in sight, analysts said.