AGP Executive Report
Last update: 7 hours agoECB Rate Decision: The ECB lifted its main interest rate to 2.5% and warned eurozone inflation pressures could last longer, as energy costs stay elevated after renewed Middle East tensions. Markets & Rates: The move fed into a broader bond selloff: German 10-year yields rose to around 3.49% (highest since 2011) while global yields hit multi-year highs, dragging European equities lower. Commodities: Brent pushed above $107 as oil risk premiums climbed, and gold and silver slid as hotter inflation data and higher yields outweighed safe-haven demand. Germany-Cum-Ex Probe: Hamburg prosecutors took over part of the cum-ex tax fraud investigation tied to HSH Nordbank, with a massive case file and dozens of suspects now under review. UAE-Germany Investment Push: UAE President Sheikh Mohamed’s Berlin visit produced a pledge of €40bn for Germany, including data-centre plans and an investment council to deepen ties. Crypto Tax Rule: Germany is moving toward a 25% tax on crypto gains from 2027, ending the holding-period exemption. Corporate Deal: RUM Group plans to raise its stake in Northern Data to ~98% and then squeeze out remaining shares to reach 100%.
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