The Latest Breaking News from ING

Markets await Jerome Powell’s Jackson Hole speech for clues on rates. With inflation high and jobs weakening, the Fed faces pressure. Powell may leave a September rate cut on the table, but the trajectory isn't guaranteed.

Germany's economy shrank more than expected in the second quarter as US tariffs battered exports, official data showed Friday, ramping up pressure on Chancellor Friedrich Merz to turn Europe's top economy around.

Official data shows the German economy shrank by 0.3% in the second quarter compared with the previous three-month period

The former EU Justice Commissioner came under investigation in December 2024.

“After the PPI spike yesterday, there has been some hawkish repricing of Fed expectations,” ING told clients.

September S&P 500 E-Mini futures (ESU25) are trending up +0.17% this morning, bolstered by continued hopes for a Federal Reserve rate cut next month, while investors await U.S. retail sales data and high-stakes talks between U.S. President Donald Trump and Russia’s Vladimir Putin.

The FTSE 100 index closed up 18.10 points, 0.2%, at 9,147.81.

The Chancellor insisted Labour had been ‘creating more jobs’ since entering office despite vacancy numbers declining over the last quarter.

This new documentary sees children voice their fears about the future of the planet – but its director argues ‘they’re not here to save the world’

Investors think the Fed will almost definitely cut interest rates in September, and they are hoping that the consumer price inflation report—due tomorrow—won’t show a significant rise in inflation.

German industrial production slumped in June to its lowest level since the pandemic in 2020, data showed Thursday, underlining the fragility of Europe's top economy even before US President Donald Trump's new tariffs kicked in.