European banks

Israel has revoked the diplomatic status of Dutch diplomats in response to Dutch sanctions targeting Israeli settlements in the occupied West Bank. The move marks an escalation between the two governments, with the Netherlands joining other countries in imposing measures over settlement expansion, which is considered illegal under international law. The row highlights growing friction between Israel and European allies over settlement policy.

The European Central Bank has raised its key interest rates by 25 basis points, in line with widespread expectations from economists and markets. The decision keeps the bank's campaign against elevated inflation moving forward, and analysts are now watching for signals on whether further tightening will follow at upcoming meetings.

The European Central Bank's digital euro has been used for the first time in wholesale financial market transactions, marking a milestone in the currency's development. The move signals the eurozone's push toward central bank digital currency infrastructure, with bankers and policymakers watching how wholesale settlement in digital euros could reshape payments and market operations.

The head of the Dutch central bank has warned that the Netherlands needs to keep its state debt under control, according to a Bloomberg report. The comments come amid ongoing European debates over fiscal rules, deficit levels and government spending, and are likely to feed discussion about how much budgetary room the Dutch government has.

Markets are gearing up for a packed economic calendar in the coming week. The U.S. jobs report heads the agenda, alongside inflation data from the United States, the Eurozone, Australia, South Korea and Tokyo. The Reserve Bank of Australia meets to set policy, and investors will also watch speeches from Federal Reserve, European Central Bank and Bank of England officials for clues on the direction of interest rates.

UBS argues that the threat posed by Chinese carmakers to Europe's auto industry is larger than European policymakers currently appreciate. The bank's assessment adds to growing concern that Chinese manufacturers, with their cost and technology advantages, could take significant market share from established European brands faster than regulators and industry leaders have planned for.

Israel has revoked the diplomatic status of Dutch diplomats in retaliation for the Netherlands' sanctions on Israeli settlers and settlements in the occupied West Bank. The move escalates a growing rift between Israel and Western governments that have imposed measures over settlement expansion and settler violence, raising questions about the future of diplomatic ties with European allies.

Israeli Foreign Minister Gideon Sa'ar has revoked the credentials of Dutch diplomats working in Ramallah, the de facto administrative center of the Palestinian Authority in the West Bank. The move, reported by Israeli media, escalates a diplomatic dispute between Israel and the Netherlands, though the specific reasons behind the decision have not been detailed in initial reports.

Israel has revoked the diplomatic status of Dutch officials in retaliation for Western sanctions targeting Israeli settlements in the West Bank. The move escalates a growing dispute between Israel and European governments over settlement policy, and observers say it signals a hardening of Israel's response to international pressure over its occupation policies.

Israel has stripped Dutch diplomats of their accredited status in the West Bank, in what officials describe as retaliation for recent Dutch sanctions targeting goods from Israeli settlements deemed illegal under international law. The move marks a sharp escalation in tensions between the two governments and raises questions about European Union countries' diplomatic access to the occupied territories.

Attention is turning to who might succeed Christine Lagarde as president of the European Central Bank. Four possible scenarios are being sketched for the post-Lagarde era, laying out potential candidates and pathways for the eurozone's top monetary policy job as her term eventually winds down.