European banks

Economists polled by Reuters expect euro area consumer prices to have risen 3.5% year-on-year in September, up from 3.2% in August, which would mark the fastest pace in nearly three years. Eurostat's flash estimate is due on Friday, and markets are watching whether the upturn proves persistent enough to influence European Central Bank policy on interest rates.

The digital euro has made its first appearance in wholesale financial markets, marking a step in the European Central Bank's push toward a central bank digital currency. The debut signals that the eurozone is moving beyond research stages and testing how a digital version of the currency could function for institutional financial transactions. Details on scale and participants remain limited, but the development is being closely watched as Europe weighs a broader rollout.

Israel has revoked the diplomatic status of Dutch diplomats in response to Dutch sanctions imposed on parties involved in illegal settlement activity in the occupied West Bank. The move escalates a diplomatic rift between the two countries, with the Netherlands having taken measures targeting settlement-linked entities. The dispute highlights growing friction between Israel and European governments over settlement policy.

Israel has revoked the diplomatic status of Dutch diplomats stationed in Ramallah, according to reports by Reuters and Middle East Monitor. The move affects the Netherlands' diplomatic presence in the occupied West Bank and signals a further deterioration in ties between Israel and European governments over the conduct of the war and the occupation. It is likely to prompt a response from The Hague and discussion among EU partners.

Israel has revoked the credentials of Dutch diplomats working in the West Bank, in retaliation for a Dutch ban on goods from Israeli settlements. The move escalates a diplomatic dispute between the two countries and restricts the Netherlands' diplomatic activity in the occupied territory. It highlights growing friction between Israel and European governments over settlement trade and policy.

A report says European Central Bank President Christine Lagarde intervened to persuade Greek authorities not to grant Binance a licence to operate in the country. The revelation sheds light on how EU institutions have steered national decisions on the world's largest crypto exchange, which faces regulatory scrutiny across Europe.

Latvia's central bank has announced it will hold a discussion in November focused on what it calls the 'new geopolitical reality'. The event is expected to address how shifts in the security and economic environment in Europe affect monetary policy and the Latvian and eurozone economies. Further details about speakers and agenda have not yet been released.

The European Central Bank is assessing a possible link between its TIPS instant payment service and Brazil's Pix payment system. The move would allow instant cross-border payments between Europe and Brazil, and comes as central banks worldwide explore ways to connect fast payment infrastructures internationally to reduce cost and friction in cross-border transfers.

The European Bank for Reconstruction and Development is considering financing a large-scale solar and battery storage project in Egypt with a capacity in the gigawatt range. The potential backing would support Egypt's push to expand renewable energy capacity and grid stability, drawing interest given the country's growing role as a regional clean energy hub.