Mathematical finance

The strategic cooperation between Alpha Bank and Italian giant UniCredit is now being applied with the official launch of the onemarkets Fund by UniCredit exclusively through Alpha in Greece.

Banks in Cyprus raised the interest rates on home loans in August, while reducing the interest rates offered on household deposits, according to data released by the Central Bank of Cyprus on Wednesday. At the same time, the amount of new loans issued in August saw a sharp decline, dropping by nearly a third compared to July.

Debate is swirling around how big an expected U.S. interest rate cut will be this week, while market sentiment is being dragged by worries about the Chinese economy.

The yen edged to a new high since December ahead of the Federal Reserve decision on Sept. 18 and a policy meeting at the Bank of Japan two days later.

Tokyo led a collapse across Asian and European equities on Monday, after weak U.S. jobs data fanned fears of a recession in the world's top economy and boosted bets on several Federal Reserve interest rate cuts.

The benchmark Nikkei 225 index plunged 12.4 percent, or 4,451.28 points, to 31,458.42, its largest points drop in history.

The Athens Stock Exchange followed global bearish trends and dropped nearly 3% Friday. Weak US economic results announced Thursday and Friday created a sense of panic among investors that inevitably spread to the ATHEX. 

The general index closed at 1,430.90 points, down 2.95%, near intraday lows. Turnover was €124.23 million.

The Central Bank of Cyprus, exercising its powers under article 314A of the Cyprus Penal Code, and in accordance with its provisions, has set the reference interest rate at 11.76%. 

On July 22, the Bulgarian National Bank (BNB) will hold an auction for the sale of interest-bearing treasury bonds for BGN 200 million, the BNB said on Friday.

By 25 basis points, as expected, the interest rate cut - The downward cycle for borrowing costs begins - ECB announcement in detail

Interest rates for deposits by households and corporations in Cyprus converged and matched in March, from having a spread of 55 basis points in February, according to data released by the Central Bank of Cyprus.

Gold prices surged to a new all-time high of 2,353 USD per ounce during early trading on Monday, continuing a rapid ascent witnessed over the past two weeks. This surge comes as investors grapple with the aftermath of a robust U.S. jobs report released on Friday, which has prompted reconsideration of market expectations regarding the Federal Reserve's interest rate policy.