In the Unlock the Editor’s Digest for free, FT Editor Roula Khalaf highlights the European Central Bank’s decision to cut its interest rate to 2.75% due to stagnant Eurozone economy, with ECB President Christine Lagarde warning of continued weakness and downside risks. The ECB plans to cut rates further until reaching 1.5%, citing uncertainty and data-driven decisions, despite recent increases in longer-term government bond yields. Lagarde remains optimistic about a gradual recovery, contrasting with the US economy’s stronger growth and investor expectations for more ECB rate cuts.
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Why MP Materials Stock Was a Massive Winner This Week
MP Materials, the only rare earth miner and processor in the U.S., saw its shares rise over 16% last week due to favorable news amidst a U.S.-China trade standoff. The company announced it would cease shipping rare earth concentrate to China, emphasizing that selling materials under high tariffs is not aligned with national interests, as much of its production serves clients outside China. While the bullish market reaction is notable, investors are cautioned about the...
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