... the weekend. The majority of companies included in the Euro Stoxx 50 index have already published their second-quarter results earlier. In general, the European corporate season has progressed well: despite a slowdown in economic growth in the region (Eurozone GDP in Q2 +0.1%), many corporations reported stable profits. The banking sector, benefiting from higher interest rates, and export-oriented industries contributed significantly to the overall profit growth of European companies. This helped European ...

... factor – even as it keeps a watchful eye on price trends. The European Central Bank, too, will note that the world’s largest economy continues to expand, which could support export demand, but they remain focused on bringing down inflation in the eurozone. In essence, the latest US services report bolsters the case for a cautious stance across the board: policymakers will be wary of prematurely loosening financial conditions when parts of the economy are still running hot in terms of prices. Conclusion: ...

... measures—both from the German government (fiscal programs) and the European Central Bank (more accommodative monetary policy). ECB Policy Outlook: The deepening slump in Germany exacerbates the question of the ECB's next steps. While inflation in the eurozone remains above the target level, the regulator leans toward maintaining elevated rates. However, worsening economic dynamics may compel the ECB to adopt greater flexibility in the autumn. Upcoming data on business activity and consumer prices ...

... hub in Asia, offering clear rules for the industry. European Union : The EU has commenced the phased implementation of the MiCA ( Markets in Crypto-Assets ) regulation, which standardizes the rules for cryptocurrency and stablecoin circulation across eurozone countries. MiCA mandates registration and disclosure requirements for crypto companies. The first licenses under the new rules are expected in 2024 — this will enhance market transparency and facilitate the integration of cryptocurrencies into ...

... inactive. Europe: Inflation in Italy and Industrial Production in Turkey Italy: Final data will be released regarding the consumer price index for July, as well as trade balance statistics. Italian inflation will provide insights into price trends in the eurozone's third-largest economy. It is expected that price growth will slow compared to the beginning of the year, reflecting the impact of the ECB's tightening monetary policy. Confirmation of declining inflation would bolster confidence that the European ...