Search Results for: ECB
Dollar and Emerging Market FX to rise; Euro to Weaken, Says Morgan Stanley
February 25th, 2017
New FX forecasts have been released by investment bank Morgan Stanley. They continue to reflect a bullish view of the Dollar but more against lower yielding developed market currencies such as the Euro and Yen than emerging market (EM) ...
Bundesbank posts distributable profit of €0.4 billion in 2016
February 24th, 2017
The Bundesbank posted a profit of €1.0 billion for the 2016 financial year, compared with €3.2 billion in 2015. Owing to an allocation to the reserves, the remaining distributable profit amounted to €0.4 billion and was transferred in full ...
How Many Euro Crises Will This Make? It’s Getting Hard To Keep Track
February 23rd, 2017
Every few years, it seems, one or another mismanaged eurozone country falls into one or another kind of crisis. This leads to speculation about the end of the common currency, which in turn spooks the global financial markets. Then ...
The Pound to Euro Rate hits a Wall at Notorious 200 Day M.A
February 22nd, 2017
It was an impressive start to the mid-week session for Pound Sterling having broken above a key technical level against the Euro for the first time in months. The exchange rate is now knocking its 200-day moving average; if ...
Some €70 bn in non performing loans ready to be ceded by Italy’s main banks
February 22nd, 2017
The European Commission, the OECD, Economy Minister Piercarlo Padoan, EBA President Andrea Enria, Bank of Italy Vice Governor Fabio Panetta, and the Fitch ratings agency. One after another, like a chorus, they all spoke out on the same theme ...
European loan sales reach €103.3 billion for 2016
February 15th, 2017
Italy had the highest amount of NPLs at €36 billion in 2016 Deloitte expert predicts European loan sales could surpass €200 billion in 2017 Sales of European non-performing loans (NPLs) and non-core assets (NCAs) totalled €103.3 billion in 2016. ...
European Central Banks reports on Euro banknote counterfeiting
February 2nd, 2017
353,000 counterfeit euro banknotes were withdrawn from circulation in the second half of 2016 Around 80% of the counterfeits were €20 and €50 banknotes All euro banknotes can be verified using the “feel, look and tilt” method Euro banknotes ...
Euro zone factories start 2017 with fastest growth in nearly 6 years
February 1st, 2017
Euro zone factories started 2017 by ramping up activity at the fastest rate for nearly six years, as manufacturers were more optimistic than they have been since at least the middle of 2012. The survey also highlighted mounting inflationary ...
European Commission Considering Limits on Virtual Currency Transactions
February 1st, 2017
The European Commission has released an Inception Impact Assessment considering transaction limits on virtual currency transactions as it steps up efforts in its fight against the financing of terrorism. On 2 February, 2016, the Commission published a Communication to ...
Euro area reports up in household income per capita
January 30th, 2017
In the euro area, in real terms, household income per capita increased by 0.2% in the third quarter of 2016, after an increase of also 0.2% in the previous quarter. Household real consumption per capita increased by 0.3% in ...
