... 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 ...

... the U.S. was lifted. However, uncertainty in global trade remains – negotiations between the U.S. and China as well as other partners are ongoing, and European businesses are still accounting for the possibility of new barriers in the future. The eurozone economy stagnated in Q2 (~+0.1% q/q), and inflation decreased to ~3% (core ~3.5%). The European Central Bank maintained its rate on July 24 and indicated that the tightening cycle may soon conclude. The ECB's softened rhetoric has led to a slight ...