AGP Executive Report
Last update: 7 hours agoECB Succession: Christine Lagarde will leave the central bank on February 7, nearly nine months before her term ends, starting a leadership race ahead of France’s 2027 election. Rates & Markets: The ECB held its deposit rate at 2.5% but signalled a possible December hike as energy costs raise inflation risks. European shares climbed to a seven-week high, while tighter financing conditions cloud the outlook. Banking: European banks beat profit forecasts, but euro-area lenders reported worsening access to retail funding. Market Rules: ESMA proposed simpler EU Taxonomy disclosures, including a narrower operating-cost measure and less complex group reporting.
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