|
European Central Bank raises interest rates for the first time since 2023
The European Central Bank announced its interest rate decision on Thursday at the conclusion of its June 10-11 policy meeting, raising rates by 25 basis points to 2.40%.
The move marks the first interest rate increase in the eurozone since July 2023 and was broadly in line with market expectations.
Thanks for your feedback.
Bitcoin holds above $60,000 as traders search for a clear direction
Bitcoin has entered a fresh downward move below the $62,500 zone, with negative technical signals suggesting the price could face further losses if it falls beneath the $61,200 level.
MoreOil falls as traders assess impact of US-Iran escalation
Oil prices retreated on Thursday after posting gains earlier in the session, driven by the escalating confrontation between the United States and Iran, as traders began assessing the actual impact of the tensions on global supply.
MoreDollar trades unevenly as Middle East tensions escalate
The US dollar edged lower on Thursday as fresh US strikes in the Middle East continued to weigh on investor sentiment, while a jump in US inflation to its highest level in three years in May kept markets focused on the future path of Federal Reserve monetary policy.
More