European and global shares suffered significant falls after the US Federal Reserve indicated a slower pace of interest rate cuts to 2025, raising the median terminal rate to 3.9%. The STOXX 600 index fell 1.5%, recording its biggest drop in three weeks, while interest-sensitive sectors such as technology and real estate led the losses.
EDP Renováveis Exits Colombia with Potential Losses
After five years of operations, the company has left wind projects in the country, accumulating an estimated loss of 700 million euros.
Europeans with Cryptocurrencies More than Double in Two Years
An ECB study revealed that 9% of Europeans own cryptocurrencies, with Slovenia (15%) and Greece (14%) being the leaders in the Eurozone.
Exchange Rate Volatility and the Risks of 2025
KKR's report points out that economic and political instabilities could lead to significant volatility in global currencies, creating potential sharp corrections in the markets.
Consumer Confidence in the Eurozone and the US Down
Confidence indicators show deterioration in economic perception, with Germany facing challenges due to high prices and job insecurity.
Accenture Records Results Above Expectations
Strong demand for generative artificial intelligence services boosted revenues and profits in the quarter, highlighting the increasing digitalization of business operations.
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