European Central Bank governors are to meet in Estonia’s capital for their next interest rate meeting. But no one really expects a rate hike, so German savers will have to exercise more patience.The eurozone’s near decade of economic stagnation appears to be over. In the first quarter of 2017, gross domestic product (GDP) grew by …
For nine years, interest rates have fallen and the European Central Bank has fired up the economy with a flood of money. It is becoming increasingly clear that this cannot last forever.”With a sense of foreboding” – the phrase used when someone has a feeling something is going to happen before it does. That must …
The euro has hit a three-week low after the European Central Bank (ECB) chief said he saw no need to deviate from accommodative policies, including zero interest rates and massive bond-buying until the end of the year.The single European currency euro edged down to $1.0659 on Thursday, following comments by ECB’s top brass that signaled …
The eurozone weathered the Brexit vote “with encouraging resilience” and the European Central Bank is ‘ready, willing and able’ to make sure that momentum holds, Mario Draghi said after the bank’s latest policy meeting.
Consumer prices in the 19-member eurozone have gone up only slightly, but enough to reach positive territory again after months of below-zero inflation. It’ll give the European Central Bank some breathing space.
The European Central Bank has held its first meeting since Chinese markets tumbled following sharply reduced growth predictions. These have had a run-on effect on the eurozone, with both growth and inflation falling. The European Central Bank is ready to increase the scope of its stimulus program in the face of Chinese-led market jitters, but …
Hong Kong (AFP) – Asian markets slipped further on Wednesday following losses in Europe and on Wall Street after a third straight monthly contraction in US manufacturing activity. The disappointing US data followed poor numbers on factory activity from Asia and Europe but dealers looked forward to a European Central Bank meeting, optimistic there would …
Details of a new bond buying plan by the European Central Bank (ECB) fueled a surge in some Spanish and Italian debts and increased mediated talks between European leaders. German Chancellor Angela Merkel met with the President of the European Union (EU) Herman van Rompuy in Berlin on Tuesday, while French President François Hollande travelled …
Spain on the verge of seeking a sovereign bailout
German figures express concerns that the ECB could be overstepping its mandate
Spain still facing a huge repayment crunch, warned analysts
ECB chief Mario Draghi statement on doing whatever it takes to preserve the euro sent stock markets soaring and reduced Spanish borrowing costs
By Philip Baillie / Reuters LONDON: Emerging debt spreads narrowed to their tightest in seven months and stocks rose 1 percent on Tuesday as European Central Bank liquidity continued to draw investors into emerging markets, while investors in Hungary eyed a likely freezing of EU aid. Emerging sovereign debt spreads narrowed by 3 basis points to …
By Jan Harvey / Reuters LONDON: Gold prices rose towards $1,780 an ounce on Tuesday, benefiting from gains in the euro ahead of an expected injection of cheap money from the European Central Bank this week, which is lifting appetite for assets seen as higher risk. Spot gold was up 0.6 percent at $1,777.54 an ounce …
By Richard Hubbard / Reuters LONDON: A fall in oil prices and the European Central Bank’s looming cash boost for banks lifted the euro and shares on Wednesday, although some investors worried that the benefits of a second injection of cheap money may be short-lived. Brent crude oil futures slipped to around $123 a barrel from …
