بنكي | GLOBAL

Moody’s Downgrades U.S. Credit Rating, Sparking Political and Financial Controversy

credit rating agency Moodys downgraded the United States sovereign credit rating Aaa to Aa1 on Friday, citing high levels of public debt and interest costs that are significantly higher than those of similarly rated peers.

Gold Rises as Dollar Weakens and Trade Tensions Resurface

Eurozone Economic Growth Slows in Q1 Amid Trade Tensions and Geopolitical Challenges

Economic growth in the Eurozone came in slightly below expectations in the first quarter of the year, with GDP rising by 0.3% compared to the previous quarter, according to Eurostat. Initial estimates published on April 30 had indicated a 0.4% growth for the 20 countries in the Eurozone. Growth for the entire European Union 27 countries also remained steady at 0.3%.

UK Economy Outperforms Expectations with Accelerated Growth in Q1 2025

The UK economy showed unexpected growth in March, contributing to the strongest quarterly expansion of GDP in the first quarter of 2025. These figures, released by the government, were welcomed by Chancellor Rachel Reeves amid hopes of an economic rebound following a slowdown period.

Gold Recovers Slightly as Markets Await Key U.S. Economic Data

Inflation in Germany Drops to Six-Month Low in April 2025

Final data released by Germanys Federal Statistical Office Destatis revealed that consumer price inflation eased to its lowest level in six months in April 2025. The decline was primarily driven by falling energy prices, while food prices continued to exert upward pressure on overall inflation.

Trump Renews Pressure on the Federal Reserve Amid Slowing Inflation

Goldman Sachs Lowers Its US Recession Forecast Amid Easing Trade Tensions

Goldman Sachs has adjusted its forecast for the likelihood of a recession in the U.S. 45% to 35%, becoming the first major financial institution to revise its expectations following the breakthrough in the U.S.-China trade war.

Gold Continues to Decline as U.S.-China Trade Relations Improve

Gold Prices Drop After US and China Cut Tariffs

Gold prices experienced a notable decline on Monday trading, following the announcement of a tariff reduction between China and the United States

Ukraine Considers Shifting from Dollar to Euro Amid Geopolitical Realignments

Ukraine is considering a strategic move to shift its national currency peg the U.S. dollar to the euro, in response to significant geopolitical changes and its ongoing integration with the European Union. The announcement was made by National Bank of Ukraine Governor Andriy Pyshny in an interview with Reuters on Tuesday.

Bank of England Cuts Interest Rate by 25 Basis Points to 4.25%

The Bank of England decided in its meeting on Thursday to cut the interest rate by 25 basis points to 4.25%, in line with expectations.