Market News

Germany has reached a new agreement allowing defense spending to be exempt from the country's strict debt rules, known as the "debt brake," under specific conditions.

The Producer Price Index (PPI) for final demand remained unchanged in February, seasonally adjusted, according to the U.S. Bureau of Labor Statistics.

The U.S. labor market showed signs of resilience as jobless claims fell significantly in the latest report from the Department of Labor.

​The European Central Bank (ECB) has implemented a series of interest rate cuts in response to sluggish economic growth and moderating inflation within the Eurozone. These measures aim to stimulate economic activity by reducing borrowing costs for businesses and consumers.​

The ECB cut its three key interest rates by 25 basis points as expected, lowering the deposit facility rate to 2.50%, the main refinancing rate to 2.65%, and the marginal lending rate to 2.90%.

The February ADP® National Employment Report™, developed by ADP Research in collaboration with the Stanford Digital Economy Lab, revealed that private sector employment grew by 77,000 jobs last month, while annual wages increased by 4.7% compared to the previous year.

The eurozone economy continued to expand in February, but the growth rate remained the same as January levels, leading to only slight overall progress.

Inflation in the Euro area is expected to ease slightly to 2.4% in February 2025, down from 2.5% in January, according to a flash estimate from Eurostat, the statistical office of the European Union.