The latest survey by the European Central Bank (ECB) indicates a tightening of corporate credit guidelines in the Eurozone in the first quarter of 2025. This makes it more difficult for businesses to access loans, while mortgage loans for private households become more accessible. Concurrently, the ECB’s wage tracker signals ongoing wage pressure, which could potentially increase inflationary pressure, despite currently declining inflation expectations. In Germany, the designated Chancellor Friedrich Merz is stirring discussions with an infrastructure plan worth 500 billion euros and a potential easing of the debt brake. The ECB has also lowered interest rates and plans further cuts. Across Europe, economic expectations are declining, particularly in Germany, while in the USA and China, growing uncertainty prevails. International stock markets continue to exhibit high volatility, influenced by macroeconomic news and political signals. These developments are currently shaping the financial markets significantly, reflecting both challenges and opportunities.
24.04.2025