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Time to learn about money
May 14th, 2020
An unexpected destruction of fiat currency has been advanced by the monetary and fiscal response to the coronavirus. Financial markets have yet to discount the possibility of such an outcome, but in the coming months they are likely ...
European Central Bank digital currency – a flight of fancy?
May 13th, 2020
Speech by Yves Mersch, Member of the Executive Board of the ECB and Vice-Chair of the Supervisory Board of the ECB, at the Consensus 2020 virtual conference, 11 May 2020 11 May 2020 A recent survey among 66 central ...
Coronavirus may drive change in precarious employment
May 12th, 2020
In 2019, 2.3% of employees in the European Union (EU) aged 20-64 had a precarious job, meaning that their work contract did not exceed three months’ duration. The share of precarious employment, as a percentage of total employment, has ...
Oil prices boosted by Saudi Arabia pledge to deepen output cut
May 12th, 2020
Oil futures rose on Tuesday, boosted by an unexpected commitment from Saudi Arabia to deepen production cuts in June in a bid to help drain the glut in the global market that has built up as the coronavirus pandemic ...
FCA secures orders for victims of unauthorised share scheme; Nearly £3.62m in restitution
May 7th, 2020
The Financial Conduct Authority (FCA), the conduct regulator for financial services firms and financial markets in the UK, has issued today a press release to inform that the High Court today ordered four individuals and one company to pay ...
Pound Sterling higher against Euro and Dollar
May 7th, 2020
The British Pound went higher on Thursday after the Bank of England opted to keep interest rates and its quantitative easing programme unchanged, a decision that might have surprised some market participants that were looking for more easing to ...
European markets climb as more restrictions are lifted
May 5th, 2020
The pan-European Stoxx 600 climbed 1.4% by early afternoon, oil and gas stocks surging 5.2% to lead gains as all sectors and major bourses traded in positive territory. European markets are paying close attention to coronavirus developments and the ...
A primer for gold newbies
April 7th, 2020
The purpose of this article is purely educational. Increasingly, the wider public is turning to gold in a spontaneous reaction to financial and economic problems that have become suddenly apparent, hastened by the spread of the coronavirus. For ...
Hourly labour costs ranged from €6.0 to €44.7 across the EU Member States in 2019
March 31st, 2020
In 2019, average hourly labour costs in the whole economy (excluding agriculture and public administration) were estimated to be €27.7 in the European Union of 27 Member States (EU) and €31.4 in the euro area. However, the average masks ...
The dollar rises against major currencies and riskier emerging markets
March 30th, 2020
The dollar snapped a week of declines on Monday, rising against major currencies and riskier emerging markets as investors braced for a prolonged period of uncertainty while governments tightened lockdowns to fight the coronavirus. China’s offshore yuan fell after ...
