Search Results for: European Central Bank
OPEC inaction halts Europe rally; dollar firms
November 28th, 2014
Oil prices extended their recent slide on Friday, sending related shares and currencies lower, after OPEC decided to refrain from cutting output despite a supply glut. Brent crude LCOc1 touched a low of $71.12 a barrel after settling at ...
FOREX – Euro dips as Spanish consumer prices fall more than expected
November 27th, 2014
The euro fell against the dollar on Thursday after data showed Spanish consumer prices falling more than expected, firming up expectations that the European Central Bank will have to resort to more aggressive easing of monetary policy. The euro ...
Asia shares edge higher, oil tumbles to four-year low
November 27th, 2014
Asian stocks hit a one-month high on Thursday as investors bet that more central bank stimulus in China and Europe would shore up the global economy, while oil prices tumbled to a four-year low as hopes for output cuts by ...
Yen Strengthens on Kuroda Comments as Energy Stocks Slip
November 25th, 2014
Japan’s yen climbed after a speech by central bank Governor Haruhiko Kuroda, and the cost of insuring Japanese debt against default fell the most in two weeks. Asian energy producers retreated as oil held declines before a meeting of ...
Draghi Urgency for ECB Action Gets Final Reality Check
November 24th, 2014
Mario Draghi is about to find out just how urgent his call for action has become. One week after the European Central Bank president vowed to revive inflation “as fast as possible,” policy makers will receive a glimpse on ...
How the EU Plans to Turn $26 Billion Into $390 Billion
November 24th, 2014
The European Union is planning a 21 billion-euro ($26 billion) fund to share the risks of new projects with private investors, two EU officials said. The new entity is designed to have an impact of about 15 times its ...
Euro Near Two-Year Low as Ifo to Spur Draghi Push; Aussie Gains
November 24th, 2014
The euro was near a two-year low versus the dollar before a German report that economists said will show business confidence declined for a seventh month. The shared currency held declines against most major peers after European Central Bank ...
Stocks Rise With Oil After China Rates as Euro Falls
November 21st, 2014
Global stocks climbed, and oil and metals gained after China cut interest rates. The euro weakened and bonds in the region rose after Mario Draghi said the European Central Bank must drive inflation higher. The MSCI All-Country World Index advanced 0.2 percent at 11:21 a.m. ...
Draghi throws door to QE wide open as recovery wanes
November 21st, 2014
European Central Bank President Mario Draghi threw the door wide open on Friday for more dramatic action to rescue the euro zone economy, saying “excessively low” inflation had to be raised quickly by whatever means necessary. Draghi said there was now ...
Weidmann: “Government bond purchases harbour major moral hazard”
November 18th, 2014
Bundesbank President Jens Weidmann has spoken out against possible plans to expand the Eurosystem’s balance sheet by way of government bond purchases on the part of the euro-area central banks. “Such purchases might create new incentives to run up debt, ...
