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Intesa Sanpaolo has collaborated with the EIB to invest nearly €660m in Central and Eastern Europe since 2020, with €370m allocated to EU candidate countries like Serbia, Bosnia-Herzegovina, and Ukraine. In Serbia, Banca Intesa Beograd is set to provide €160m to support energy transition investments for SMEs, benefiting around 240 companies and safeguarding approximately 25,000 jobs. The bank emphasizes its role as a partner in fostering economic growth and addressing local needs through its extensive network in the region.
The Bank of England's Monetary Policy Committee is expected to maintain the current interest rate of 4.5% during its March 2025 meeting, following a recent rate cut. Economic indicators show mixed signals, with a contraction in January and persistent core inflation, prompting a cautious approach to future rate adjustments. Market participants should prepare for potential volatility in stocks, currency, and housing markets as the MPC's decisions unfold.
UBS Group has raised its gold price forecast to $3,200 an ounce, anticipating increased demand for safe-haven assets amid global trade tensions. This adjustment follows gold's recent surge past $3,000, driven by factors such as US tariffs, strong ETF inflows, and central bank purchases, with expectations of over 1,000 tonnes by year-end. The bank also notes a deteriorating US economic outlook, prompting traders to expect further interest rate cuts.
The Federal Open Market Committee (FOMC) is set to meet on March 18-19, 2025, with expectations to maintain the federal funds rate at 4.25%-4.50%. Economic indicators show mixed signals, with consumer sentiment at a 29-month low, while inflation trends are easing. Market reactions will focus on the Fed's tone and updated economic projections, particularly regarding future rate cuts, as investors seek clarity on the central bank's policy direction.
Gold prices are experiencing upward revisions as retail investors increasingly invest in bullion-backed ETFs, with UBS forecasting a rise to $3,200 an ounce within a year. The precious metal has surged nearly 40% over the past year, driven by global trade tensions and central banks boosting their gold reserves. The SPDR Gold Trust (GLD) has gained 15% in the last 12 weeks, reflecting its status as a safe haven amid economic uncertainty.
Morgan Stanley anticipates that both the Federal Reserve and the Bank of Japan will maintain their current policy rates during their March meetings. Fed Chair Powell is expected to emphasize a patient approach to rate cuts amid increasing downside growth risks, while BoJ Governor Ueda will highlight global economic uncertainty, reinforcing a cautious stance.
Phillip Basil has joined Better Markets as the Director of Economic Growth and Financial Stability, a newly established role aimed at addressing economic challenges for Main Street families and small businesses. With 20 years of experience at the Federal Reserve and JP Morgan Chase, Basil will focus on ensuring the financial system supports productive economic growth for all Americans. He holds a master’s degree in Financial Mathematics from the University of Chicago and a bachelor’s degree in Mathematical Economic Analysis from Rice University.
Wells Fargo's Sameer Samana anticipates a rally in the dollar, driven by persistent inflation and the Federal Reserve's limited capacity to cut rates compared to other central banks. He suggests that as tech stocks stabilize, capital may return to the U.S. market, despite concerns over consumer spending and potential economic slowdown. Samana favors high-quality investments in industrials, energy, and financials, while acknowledging credit quality risks amid a broader economic downturn.
Rabobank's FX analyst Jane Foley indicates that USD/JPY is on a downtrend, with a year-end forecast of 145.00, despite recent corrective activity. The Bank of Japan's upcoming policy meeting is crucial, as any signs of rate hikes could impact the currency pair, while concerns over a slowing US economy and potential tariffs may temper JPY bullishness.
Bitcoin remains below $83,000, a critical level for investors this week as they anticipate a pause in interest rate changes from the Fed. With Fed Chairman Jerome Powell's address looming, market sentiment is tempered by ongoing tariff conflicts and a cautious outlook on a proposed U.S. cryptocurrency reserve. The technical landscape suggests that breaking the psychological $90,000 mark is essential for a potential recovery, while risks of falling below $80,000 persist.
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Intesa Sanpaolo and EIB invest 660 million euros in CEE economic growth
16:44 17.03.2025
bank of england set to maintain interest rates amid economic uncertainties
16:41 17.03.2025
ubs raises gold price forecast to 3200 amid rising safe haven demand
United States Dollar
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Macquarie Group Ltd
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16:25 17.03.2025
fed meeting preview cautious approach amid mixed economic signals
16:08 17.03.2025
gold price targets rise as retail investors flock to etfs
15:59 17.03.2025
Fed and BoJ expected to maintain steady rates amid global uncertainty
15:58 17.03.2025
Phillip Basil appointed director of economic growth at Better Markets
15:35 17.03.2025
dollar expected to rally as tech shows signs of recovery
15:10 17.03.2025
usd jpy forecast to reach 145 by year end amid market uncertainties
15:02 17.03.2025
Bitcoin struggles below 83000 as investors await Fed decision and tariffs
14:56 17.03.2025
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