ECB, Deposit rate
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Risks to the euro zone inflation outlook remain balanced as the changes since June broadly offset each other, European Central Bank board member Piero Cipollone said in a newspaper interview.
Policymakers must remain agile, noting that the stronger euro was having a significant disinflationary effect, Bank of France Governor Francois Villeroy de Galhau said.
European Central Bank Executive Board member Piero Cipollone said the economy is sending “conflicting signals” as officials wait for more clarity before taking a fresh view on whether interest rates need to be lowered any further.
In notes dated July 24, Goldman said it no longer expects the ECB to deliver a rate cut this year, while J.P. Morgan has pushed its rate-cut forecast to October from September previously. On Thursday, the ECB held policy rates unchanged at 2% after having cut interest rates eight times since June 2024.
Futures data from IG suggest a positive open for European indexes as hopes of a U.S.-EU trade deal rise, with London's FTSE 100 seen opening 0.4% higher, France's CAC 40 up 1.3%, Germany's DAX up 1.1%, and Italy's FTSE MIB 1.24% higher.
England and Wales Cricket Board (ECB) pays generous salaries to its centrally contracted players. Ben Stokes is one of the highest earners on this list.
Joe Root has played 157 Test matches so far in his career and has scored 13409 runs. Root scored his 38th Test ton in the ongoing 4th match of the Anderson-Tendulkar Trophy series.