Trade war worries drive euro to two-year low

Quick Summary:

Investors are now broadly expecting a quarter-point rate cut at each of the next four ECB meetings, according to levels implied in swaps markets.

Investors are betting that the president-elect’s promised mix of tax cuts and tariffs will put upward pressure on inflation and interest rates in the US, but weigh on EU growth.

A purchasing managers’ survey for the Eurozone on Friday showed that business activity unexpectedly declined this month.The index fell to 48.1, below the 50 level that separates expansion from contraction.

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Article Details

Author / Journalist: Ian Smith

Category: MarketsFinanceInvesting

Markets: United StatesChinaUkraine

Topics: Cent Economy Financial Investors Markets Dollar Euro Eurozone Data Currency Tariffs

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-22 @ 16:39:43 (2 days ago)

News Timezone: GMT -5:00

News Source URL: ft.com

Language: English

Article Length: 590 words

Reading Time: 4 minutes read

Sentences: 20 lines

Sentence Length: 30 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Financial Times

News ID: 23809018

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