AGP Executive Report
Last update: 2 hours agoECB Watch: Eurozone inflation climbed to 4% in October, a three-year high, as energy costs rose. With wage growth expected to edge up next year, markets are pricing in further ECB rate increases, potentially as soon as December. Markets: European shares rebounded after early losses, with banks among the biggest gainers as investors weighed the US election result and possible tougher oversight of AI. Fintech: Revolut’s valuation has reached $115 billion following a run of licence wins, a fresh milestone for Europe’s largest digital banking hopeful. Banking Resilience: Cyprus plans to require banks to hold extra capital to keep lending during a crisis. Market Infrastructure: The European Stability Mechanism issued a €1 billion digital-native bond through the Eurosystem’s Pontes platform, as the ECB links the move to a wider overhaul of securities settlement.
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