The Latest Breaking News from Christine Lagarde

Policymakers must act as extreme weather events put more pressure on food inflation and production worldwide

December S&P 500 E-Mini futures (ESZ24) are down -0.77%, and December Nasdaq 100 E-Mini futures (NQZ24) are down -1.09% this morning as investors digested quarterly earnings reports from Microsoft and Meta as well as robust U.S. economic data that muddied the outlook for Federal Reserve rate cuts.

December Nasdaq 100 E-Mini futures (NQZ24) are trending down -0.23% this morning as Treasury yields continued to rise on the prospect of less aggressive Federal Reserve interest rate cuts, while investors awaited a slew of corporate earnings reports, with a particular focus on results from “Magnificent Seven” member Tesla.

ECB President Christine Lagarde said Tuesday that Republican presidential candidate Donald Trump should pay a visit to the institution's Frankfurt headquarters following his recent criticism of central banks.

IMF predicts UK will grow by 1.1% this year, making it the joint third-fastest G7 country, but debt consolidation will be a challenge

European Central Bank policymakers meet on Thursday with fading price pressures and weaker economic activity in the eurozone nudging them towards making another cut to interest rates.

The European Central Bank is expected to lower interest rates again this week as anxiety about inflation in the eurozone fades and concerns over sluggish growth mount.

December S&P 500 E-Mini futures (ESZ24) are down -0.13%, and December Nasdaq 100 E-Mini futures (NQZ24) are up +0.06% this morning as investors awaited the latest reading on U.S. job openings, comments from Federal Reserve officials, and an earnings report from the world’s largest shoemaker Nike.

The eurozone's annual inflation rate fell to its lowest level in three-and-a-half years in September, official data showed Tuesday, dropping below the European Central Bank's two-percent target and fuelling expectations of a rate cut.

ECB chief Christine Lagarde said Monday that cross-border banking mergers in Europe were "desirable" to boost their competitiveness, despite mounting German opposition to a potential tie-up between Commerzbank and Italy's UniCredit.

December Nasdaq 100 E-Mini futures (NQZ24) are trending up +1.33% this morning as market participants cheered forecast-beating quarterly results and guidance from semiconductor giant Micron, while also awaiting a flurry of U.S. economic data and remarks from Federal Reserve officials.