euro area

European financial markets are under pressure as investors react to the results of the European Parliament elections held over the weekend. The elections, which determined the 720 members of the block’s parliament, have led to notable shifts in political power across several key countries....

In an effort to combat elevated inflationary pressures, the European Central Bank (ECB) announced a 0.25% increase in its key interest rates, bringing the cost of borrowing to the highest levels in over two decades. ECB Governor Christine Lagarde said that inflation is projected to remain too high...

Negative news flows are trickling out of Europe ahead of Wall Street's opening bell on Wednesday. All European stock indices traded deeply in the red, as investors panicked after a fresh acceleration of inflation in the U.K. and a deadlock in U.S. debt limit discussions. What Happened...