Today's financial news

Monday 26th June

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A turbulent weekend in the Europe counters with car manufacturer Aston Martin’s unstoppable success

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Eurozone announcements

The European Central Bank president, Christine Lagarde, is set to talk later in the day around the current economic climate. The big news of the week within the region will be Germany’s Ifo rating – an index that measures the current business climate in Germany. With markets down for five consecutive days last week, turbulence over the weekend with the Ukraine war, and a surprise Greek election result, it’s likely to be a cautious outlook. 

Aston Martin’s success

Aston Martin has gone from strength to strength this year, with shares up over 130% in 2023. A further rally has now been driven by the announcement over the weekend of their deal with Lucid – a US based electric vehicle manufacturer, who will be helping them to make high performance electric vehicles. 

Turkey’s interest rates

Turkey has made a snap decision to raise its interest rate from 8% to 15%, despite President Erdogan’s insistence that interest rates were to remain low. With inflation in the country at 40% and an economic crisis hurting everyday citizens as well as foreign investment potential, this move will hopefully put the country on the right track and settle investors with interest in the country. 

Sources: IG, AJ Bell, Financial Times, Nasdaq, IFO Institute, BBC

Zoe Burt