Problems Building for ECB Skyscraper
More than a decade in the making, over budget by up to €350 million ($480.8 million) and already too small–these are the problems the European Central Bank is facing now with its brand new skyscraper....
View ArticlePlunging inflation prompts bets ECB will ease again soon
Tumbling euro zone inflation has firmed up market expectations that the European Central Bank will be forced to ease monetary policy in the coming months, taking the shine off a resurgent euro....
View ArticleDraghi Weighs Whether Rate Cuts Too Valuable as ECB Meets
Mario Draghi must decide whether it’s time to use up one of his remaining interest-rate cuts. Inflation in the euro area has slowed to less than half the European Central Bank’s target and unemployment...
View ArticleHas the ECB’s Rate Cut Changed the Economic Climate in Europe?
European banks are repaying their loans at a rate slower than what was anticipated, Reuters reports. In another consequence of the European Central Bank’s interest rate cut, the region’s banks have...
View ArticleMacro Musings
The investment climate is characterized by the continued accommodative monetary stance by the three key central banks, the Federal Reserve, the European Central Bank and the Bank of Japan. Although...
View ArticleBundesbank sees no asset price bubble for now
No asset price bubble is building for the time being and investors are aware that current low interest rates are an exceptional situation that will not last, Bundesbank board member Joachim Nagel told...
View ArticleIs the Eurozone Still Facing Deflationary Pressures?
A top executive at the European Central Bank has said that the region is still facing deflationary pressures, Reuters reports. Peter Praet, a member of the European Central Bank’s Executive Board, said...
View ArticleECB rates to remain low, could be cut further: Coeure
Low inflation means the European Central Bank plans to keep interest rates at current low levels or may even cut them further, ECB Executive Board member Benoit Coeure said on Saturday. With euro zone...
View ArticleFed’s reserve hint may help ECB rate cut to negative territory
The U.S. Federal Reserve has offered the European Central Bank important indirect support promoting the euro bloc’s likely destination of negative interest rates on bank deposits at the central bank in...
View ArticleCurrency Positioning and Technical Outlook: Dollar Heavy
Contrary to what many, including ourselves thought, the expected divergence of monetary policy between the Federal Reserve tapering on one hand, and the European Central Bank (and Bank of Japan) which...
View Article3 Numbers to Watch: EU output, US jobless claims and retail sales
Several key numbers are on tap today with the potential for market-moving news, starting with Eurozone industrial production for October. Later, we’ll see updates on retail sales and initial jobless...
View ArticleThis is the ECB’s biggest task for 2014
The single biggest task for the European Central Bank (ECB) in 2014 will be the implementation of the banking union in the currency bloc, said Frédéric Oudéa, CEO of Société Générale. “The first major...
View ArticleItalian bank lending to firms shrinks at record pace in November
Bank lending to Italian companies fell at an annual rate of 5.9 percent in November, the sharpest decline since the statistics began 10 years ago, European Central Bank data showed on Friday. Although...
View ArticleECB – Unpalatable choices
Since the financial crisis the European Central Bank (ECB) has ploughed a solitary course, reflecting its unique status as a monetary authority without a state. While other big central banks, notably...
View ArticleDraghi’s ‘Whatever It Takes’ Still Works as Euro Revives
Mario Draghi finally has reason for cheer as a new year begins. Eighteen months since the European Central Bank president declared he would do “whatever it takes” to protect the euro, fresh signs are...
View ArticleEuro wallows near lows, ECB Draghi speech awaited
The euro touched a fresh three-month low against the dollar on Monday as investors awaited comments from European Central Bank chief Mario Draghi and digested weekend elections in which critics of the...
View ArticleEuro zone private sector loans contract again in April -ECB
Lending to households and firms in the euro zone declined further in April and money supply growth slowed markedly despite the European Central Bank’s ultra-loose monetary policy stance. The ECB has...
View ArticleEuro Inflation Slowing More Than Forecast Pressures ECB
Euro-area inflation slowed more than economists forecast in May, cranking up pressure on the European Central Bank to deploy a range of measures to kindle prices and drive growth. The rate fell to 0.5...
View ArticleNikkei Futures Rise as Australian Bonds Slip; Crude Gains
Japanese index futures rose as Australian and New Zealand debt followed U.S. Treasuries lower. The euro maintained its rebound before tomorrow’s European Central Bank meeting, while crude oil climbed a...
View ArticleStocks soar thanks to ECB, hedge fund
You can thank two men for Thursday’s zooming stock prices: Mario Draghi and David Tepper. Stocks shattered all-time records after Draghi and the European Central Bank unleashed negative interest rates...
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