EUR/USD Rate Talking Points EUR/USD pulls back from a fresh monthly high (1.2182) even as the European Central Bank (ECB) slows the pace of the pandemic emergency purchase programme (PEPP), and the exchange rate may consolidate over the remainder of the week as itsnaps the series of higher highsRead More →
Reuters By Yasin Ebrahim Investing.com – The EUR appeared poised for a four-day winning streak on Thursday after the European Central Bank left its monetary policy unchanged, but the single currency could face a tough weekend as the EU prepares to discuss the €750 billion recovery plan. fell 0.25%Read More →
U.S. equities ended a week of cautious optimism with the Dow Jones, S&P 500 and the Nasdaq Composite, a heavy technology index, rising. Most of the gains occurred in the latter, as the first two have not yet surpassed the highs set in June, as they spend most ofRead More →
The European Central Bank (ECB) may be fearing default as rumors circulate that it plans to plant at least half a trillion euros of “bad” debt in a “bad bank.” As Reuters reported on June 10 citing two people familiar with the matter, the ECB now wants to quarantine itsRead More →
Another day, another trillion dollars — the European Central Bank (ECB) has announced it will double its coronavirus purchase program to €1.35 trillion to the dismay of Bitcoin (BTC) proponents. In a press release on June 4, the ECB became the latest central bank to up its controversial response toRead More →
By Tomo Uetake TOKYO (Reuters) – Stocks made a barely positive start in early Asian trade on Friday after the world’s health body called it a little too early to declare a coronavirus outbreak a global emergency. But worries over rapid spread of the deadly virus kept investors on guardRead More →
Nobody expects any policy changes when European Central Bank big shots meet Thursday, but Christine Lagarde could still drop some worthwhile hints about the path ahead. Indeed, economists at Bank of America contend market participants have largely ignored relatively hawkish minutes from the ECB’s December meeting, which showed worries amongRead More →
Getty Images The Mario Draghi era is over. Thursday will feature the first European Central Bank decision with Christine Lagarde as president. No fireworks are expected as Christine Lagarde on Thursday runs her first European Central Bank meeting since taking over as president from Mario Draghi. But even without interest-rateRead More →
© Reuters. By Geoffrey Smith Investing.com — It’s been a tough week for the oil and gas sector. The price of its main commodity has risen by over $2 – nearly 4% – as the cartel that produces over 40% of the world’s output has moved toward a significant tighteningRead More →
(Bloomberg) — The European Central Bank has started supervising some of the world’s top securities firms’ businesses in the region, as they build up their operations across the European Union ahead of Brexit. European units of Goldman Sachs Group Inc (NYSE:)., JPMorgan Chase (NYSE:) & Co., Morgan Stanley (NYSE:) andRead More →
The eurozone’s annual rate of inflation rebounded in November after two straight months of decline, but remained well below the European Central Bank’s target. Consumer price figures released Friday were the first of Christine Lagarde’s term as ECB president, and indicated that the central bank’s main goal is well beyondRead More →
By Francesco Guarascio BRUSSELS (Reuters) – Malta’s biggest bank failed for years to detect or address risks involving thousands of payments, the European Central Bank (ECB) said, detailing “severe shortcomings” that could have allowed money laundering or other criminal activities. A confidential ECB report seen by Reuters said Bank ofRead More →
© Reuters. Asia shares in waiting mode ahead of Fed, ECB events By Wayne Cole SYDNEY (Reuters) – Asian share markets got the week off to a muted start on Monday as jaded investors awaited real evidence on progress in the U.S.-China trade dispute, though sentiment found support from anotherRead More →
Asian markets were mixed in early trading Thursday following gains on Wall Street and ahead of the European Central Bank’s meeting. U.S. stocks inched higher Wednesday despite largely disappointing earnings reports, with some experts saying confidence in the Federal Reserve — and in a potential interest-rate cut next week —Read More →
FRANKFURT–Consumer sentiment in Germany is set to improve in October following the European Central Bank’s easing package, market research group GfK said in its monthly survey on Thursday. GfK’s forward-looking index is set to rise to 9.9 points in October from 9.7 points in September, GfK said. The outcome isRead More →
© Reuters. FILE PHOTO: A man points out an electronic board showing the Nikkei stock index outside a brokerage in Tokyo By Hideyuki Sano TOKYO (Reuters) – Asian stocks advanced on Friday as hints of progress in U.S.-China trade talks and aggressive stimulus from the European Central Bank helped counterRead More →
European stocks inched up Thursday, boosted by hopes for monetary policy stimulus from an important European Central Bank meeting, plus encouraging signals from the U.S.-China trade tussle. The Stoxx Europe 600 SXXP, -0.06% rose less than a percent to 389.88. Stocks in the mining, apparel, beverages and tobacco sectors wereRead More →
AFP/Getty Images European Central Bank President Mario Draghi If there’s one thing that observers agree on with respect to Thursday’s European Central Bank meeting, it’s that policy makers will announce a series of loosening measures that won’t really make much of a difference to the struggling European economy. The ECBRead More →
Asian markets mostly gained in early trading Wednesday, ahead of expected further monetary easing by the European Central Bank. The ECB is expected to take rates even deeper into negative territory at its Thursday meeting. Policy makers have indicated the ECB could introduce a tiered system of deposits, which wouldRead More →
© Reuters. FILE PHOTO: The German share price index DAX graph at the stock exchange in Frankfurt By Karin Strohecker LONDON (Reuters) – Global bond yields rose on Monday, amid growing caution over the extent to which the European Central Bank will add stimulus to boost an ailing economy thisRead More →
© Reuters. FILE PHOTO: A man walks past an electronic stock quotation board outside a brokerage in Tokyo By Hideyuki Sano TOKYO (Reuters) – Asian share prices dropped on Friday following mixed U.S. earnings reports and after the European Central Bank unexpectedly held interest rates steady, while the euro heldRead More →
AFP/Getty Images Mario Draghi Over to you, Mario Draghi. After hints of a potential rate cut by Federal Reserve Chairman Jerome Powell and indications that easier policy may be in the offing by Australia’s top monetary policy maker earlier this week, the European Central Bank president is also widely expectedRead More →
© Reuters. FILE PHOTO: The logo of the European Central Bank (ECB) is pictured outside its headquarters in Frankfurt MILAN (Reuters) – Banca Carige said on Saturday the European Central Bank had extended until Sept. 30 a mandate to three temporary administrators who have been put in charge of theRead More →
© Reuters. Investing.com – The Dow closed lower Thursday, as sentiment on stocks was soured by slowing global growth concerns after the European Central Bank slashed its growth forecasts and launched fresh stimulus. The fell 0.78% or 200 points, after falling as many as 321 points. The lost 0.82%, whileRead More →
The euro on Thursday fell to its lowest level versus the dollar in four months after the European Central Bank said its ultralow interest rates until after the end of the year — an extension from before — and said a new long-term refinancing program for eurozone banks was coming.Read More →
