The European Central Bank (ECB) needs to react to aggressive monetary policy in other parts of the world, a former ECB governing council member told CNBC.
(27 days ago)
EUROPEAN share markets are higher after the ECB and Bank of England held their key rates steady and avoided any new stimulus measures.
(2 months and 17 days ago)
European stock markets drifted lower while the euro was steady against the dollar as investors looked to the European Central Bank's rate announcement and some more U.S. data releases.
(21 days ago)
What we are witnessing is a touching belief in the ability and willingness of central banks to prevent investors suffering lossesFinancial markets have a lot of faith in Mario Draghi. Too much faith, in all likelihood. They rallied last summer when the president of the European Central Bank said he would do "whatever it takes" to save the euro. And they rallied on Thursday...
(20 days ago)
European stock markets struggle for direction on Thursday, as investors await the latest monetary decisions from the European Central Bank and the Bank of England due later in the day.
(1 month and 18 days ago)
Close-to-close, headlines will be happy that things do not appear to be collapsing in Europe. The broadest equity indices only lost a fraction of a percent and bonds ended unchanged. But the action in the last hour or two (which saw Spanish and Italian bonds weaken considerably) and the relentless leak lower in Italian and Spanish stocks (now down 4.5 and 3.5% on the week...
(1 month and 26 days ago)
Despite dismal data on German PMIs, Italian and Spanish equity markets have had their best 4-day run in 7 months to push back to two-month highs as the exuberance around the world reaches fever pitch once again. The Eurostoxx 600 (broad European stock index) jumped a tremendous 2.4% for its biggest rise in 8 months. EURUSD plunged and perhaps gives the hint that the ECB will...
(29 days ago)
Plan for a levy on accounts had sparked outrage among Cypriots and unsettled financial markets, where euro continues slideThe Cypriot parliament rejected a planned levy on bank deposits on Tuesday, throwing a European bailout plan for the tiny economy into disarray.The vote was overwhelming, 36 with against and 19 abstentions, and brings Cyprus to the brink of financial...
(2 months and 5 days ago)
European stock markets struggle for direction on Thursday, as investors opt to sit on the sidelines ahead of monetary-policy decisions from the European Central Bank and the Bank of England due later in the day.
(2 months and 18 days ago)
Filed under: Banking, Global Economy, EconomyKey decisions are out from the Bank of England and from the European Central Bank (ECB). Most U.S. investors would prefer not to have to care about these moves, but that is now the world we all live in. Earlier this morning came news from the Bank of England that it was also maintaining its rate at an unchanged 0.50%. The size of...
(2 months and 18 days ago)
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