ECB's Lagarde: Soft landing not guaranteed for European economy

European Central Bank (ECB) President Christine Lagarde expressed a need for caution from the ECB late Monday, highlighting that downside risks remain a threat despite a firm labor market.

Key highlights

A Soft landing for the euro zone economy is not guaranteed.

It will take time to be certain that inflation is on track.

A strong labour market means we have time to gather information.

The strong labor market allows the ECB to gather enough data.

Jul 1, 2024

ECB's Wunsch: ECB would need more convincing to cut more than twice in 2024

European Central Bank (ECB) Governing Council member Pierre Wunsch noted late on Monday that it would take a notable turn in economic data to convince the ECB to deliver more than two more rate trims in 2024.

Gold price steady as market awaits busy US weekly schedule

Gold prices remain virtually unchanged on Monday even though the Greenback registers minuscule gains propelled by elevated US Treasury bond yields, following a release of softer-than-expected US economic data.