The global economy’s concussion from five months of Donald Trump’s presidency is likely to feature when five of the world’s leading central bank chiefs discuss monetary policy in public on Tuesday.

The global economy’s concussion from five months of Donald Trump’s presidency is likely to feature when five of the world’s leading central bank chiefs discuss monetary policy in public on Tuesday.

German inflation unexpectedly eased this month, matching the European Central Bank’s goal for the first time in almost a year.

The European Central Bank has fulfilled its inflation goal but volatility in foreign-exchange and commodities markets means the outlook for prices is murky, according to Governing Council member Gediminas Simkus.

Die Teuerungsrate in Österreich ist tendenziell wieder im Steigen. Laut Schnellschätzung der Statistik Austria vom Dienstag lag sie im Juni bei 3,3 Prozent. Verantwortlich dafür sind – nicht zum ersten Mal – höhere Preise für Treibstoffe, aber auch Lebensmittel. Vor allem die Energiepreise bleiben ein potenzieller Unsicherheitsfaktor.

Die Zahl der Arbeitslosen steigt weiter. Ende Juni waren 364.419 Personen beim Arbeitsmarktservice (AMS) arbeitslos gemeldet oder in Schulung, 7,8 Prozent mehr als im Juni vor einem Jahr. Die Arbeitslosenrate erhöhte sich um 0,5 Prozentpunkte auf 6,8 Prozent.

European Central Bank officials are starting to fret that a rapid appreciation of the euro could derail efforts to anchor inflation at 2%.

The euro’s relentless rally stalled on Tuesday as US data failed to support an imminent interest-rate cut by the Federal Reserve, prompting traders to buy the dollar.

US consumer spending grew in the first quarter at the weakest pace since the onset of the pandemic on a sharp deceleration in outlays for a variety of services.

The European Union is considering cutting more than 20 banks from SWIFT, the international payments system, as well as lowering a price cap on Russian oil and banning the Nord Stream gas pipelines as part of a new sanctions package that aims to increase pressure on Moscow to end its war against Ukraine.

Inflation inched up in France and Spain but not enough to concern European Central Bank officials who are optimistic that their 2% target will be met sustainably this year.

German Chancellor Friedrich Merz warned European Union leaders that the mounting debts of governments and companies are fueling the risk of a new financial crisis.

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Federal Reserve Chair Jerome Powell will reiterate to lawmakers the central bank is in no rush to lower interest rates as officials wait for more clarity on the economic impact of President Donald Trump’s tariffs.

US stocks rose on Friday as investors returned from the Juneteenth holiday break to evaluate recent comments from a top Federal Reserve official as well as the latest developments in the conflict between Israel and Iran.

The euro is taking on a bigger role in the global currency options market as traders skirt around the dollar given the risks from unpredictable US policy and a global trade war.

The European Central Bank is well placed to tackle “exceptionally high” uncertainty but will closely watch gyrations in commodities markets as tensions in the Middle East flare, President Christine Lagarde said.

Europe risks drifting into stagnation without urgent action to tackle slowing growth, weak investment and rising geopolitical threats, the International Monetary Fund warned.

Den globalen Klimazielen läuft die Zeit davon: Das verbleibende CO2-Budget, um die Erderwärmung dauerhaft auf 1,5 Grad zu begrenzen, wird bei dem derzeitigen Niveau klimaschädlicher Emissionen in etwas mehr als drei Jahren aufgebraucht sein. Zu diesem Ergebnis kommt der Jahresbericht der Wissenschaftsinitiative Indicators of Global Climate Change (IGCC), der am Donnerstag bei der UNO-Klimakonferenz in Bonn vorgestellt wurde.

Slumping Russian steel demand, due to a construction slowdown amid broader economic weakness, may force some of the country’s producers to halt output, according to Severstal PJSC’s chief.