Euro falls as Bank of France chief warns country risks being ‘strangled by interest rates’
The euro fell after the Bank of France chief warned that France risked being “strangled by interest rates”. French government bonds rallied while Brent crude fell below $100 a barrel.
Image: theguardian.com · Author: Julia Kollewe,Heather Stewart,Kalyeena Makortoff,Lisa O’Carroll,Mark Sweney,Sarah Butler,Lauren Almeida · source articleEditorial excerpt for news reporting
The euro fell after the Bank of France chief warned that France risked being “strangled by interest rates”. French government bonds rallied at the same time.
The currency initially weakened before trading higher against the dollar and sterling. The source does not provide the exact euro rate or the time of the French central bank chief’s remarks.
Brent crude falls below $100
Brent fell nearly 2% to $98.34 a barrel, after reaching an intraday low of $97.06. The decline followed a Saudi Aramco price cut.
Equity markets move higher
European stock markets rose while government bond yields retreated. In the US, the S&P 500 and Nasdaq reached fresh records as investors continued to buy artificial-intelligence-related stocks.
The IMF said hedge-fund assets had trebled over the past decade to $13tn. It warned that hedge funds can support liquidity in normal conditions but amplify market stress, and called for closer supervision and leverage limits.
What we know
- The Bank of France chief warned that France risked being “strangled by interest rates”.
- Brent fell to $98.34 a barrel after a Saudi Aramco price cut.
- The euro reversed earlier losses to trade higher against the dollar and sterling.
- The IMF put hedge-fund assets at $13tn and called for closer supervision.
Trust: Single source
- The story relies on one publisher. A second independent confirmation has not been established from the cited sources.
- Sources: The Guardian Business.
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