The Latest Breaking News from ING

UK 30-year bond yields rise to highest since 1998 amid ‘worldwide bond market rout’

Inflation remained subdued in three of the four biggest economies in the European Union, fuelling hopes that the European Central Bank will not see the necessity to change the key interest rates in September.

Markets await Jerome Powell’s Jackson Hole speech for clues on rates. With inflation high and jobs weakening, the Fed faces pressure. Powell may leave a September rate cut on the table, but the trajectory isn't guaranteed.

Germany's economy shrank more than expected in the second quarter as US tariffs battered exports, official data showed Friday, ramping up pressure on Chancellor Friedrich Merz to turn Europe's top economy around.

Official data shows the German economy shrank by 0.3% in the second quarter compared with the previous three-month period

The former EU Justice Commissioner came under investigation in December 2024.

“After the PPI spike yesterday, there has been some hawkish repricing of Fed expectations,” ING told clients.

September S&P 500 E-Mini futures (ESU25) are trending up +0.17% this morning, bolstered by continued hopes for a Federal Reserve rate cut next month, while investors await U.S. retail sales data and high-stakes talks between U.S. President Donald Trump and Russia’s Vladimir Putin.

The FTSE 100 index closed up 18.10 points, 0.2%, at 9,147.81.