European Central Bank cuts interest rates for the first time since 2019
This was CNBC's live coverage of the latest European Central Bank monetary policy meeting.
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This was CNBC's live coverage of the latest European Central Bank monetary policy meeting.
Such events will no doubt grab headlines when they occur, especially if they involve the loss of human life, but the battering of ports, highways, railways and other infrastructure, not to mention planes and ships, might attract far less attention.
Inflation in the euro zone rose to 2.6% in May, statistics agency Eurostat said Friday, but a higher-than-expected print did not sway market bets of an interest rate cut from the European Central Bank next week.
India's economy grew at a faster-than-expected pace of 7.8% year-on-year in the January-March quarter, helped by strong growth in the manufacturing sector, and economists expect the momentum to remain strong this year.
This was CNBC's live blog covering European markets.
LONDON — U.K. inflation came in hotter than expected with a drop to 2.3% in April, the Office for National Statistics said Wednesday, prompting traders to pull back from bets on a June interest rate cut from the British central bank.
LONDON — U.K. inflation could be about to hit a major milestone, with some forecasting that a sharp fall in the April print will take the headline rate below the Bank of England's 2% target.
This is CNBC's live blog covering European markets.