Search Results for: ECB
Euro area unemployment rate at 10.5%
January 7th, 2016
EU28 at 9.1% The euro area (EA19) seasonally-adjusted unemployment rate was 10.5% in November 2015, down from 10.6% in October 2015, and from 11.5% in November 2014. This is the lowest rate recorded in the euro area since October 2011. The ...
Cyprus: Haircut battle due to kick off within weeks
January 4th, 2016
A GRAND Chamber comprising 15 judges of the European Court of Justice (ECJ) will hear a number of appeals brought by Cypriot bank depositors, who lost their money in the March 2013 ‘haircut’ against the European Commission and the ...
Germany’s DAX Beats World With More Gains Expected
December 30th, 2015
German stocks outperformed European and global peers in 2015. Investors are betting on more gains next year. The DAX Index climbed to 27 fresh peaks this year before tumbling into a bear market, and volatility more than doubled. Still, ...
Outlook for the USD index for 2016
December 23rd, 2015
Goldman Sachs recently released a fairly optimistic outlook for the US dollar for 2016. The group anticipates that the dollar will be strong against both the yen and euro, while expecting US inflation to increase. With an impending ...
Creation of a “Bad” Bank
December 21st, 2015
The banking sector in Cyprus has gone through radical transformation in the last few years following the disastrous events of March 2013. To a large extent, the sector has regained confidence from both its domestic customers and the international ...
Shares climb, dollar dips as Fed prepares to lift rates
December 16th, 2015
Shares and bond markets rose and the dollar dipped on Wednesday, as investors readied for what is expected to be the first rise in U.S. interest rates in almost a decade. After more than a year of posturing and ...
Greece: Market concerned about gov’t stability
December 14th, 2015
The government and the country’s international creditors have reached an agreement on the second list of 13 milestones that will lead to the disbursement of the sub-tranche of 1 billion euros by the end of the year. In addition, ...
Falling Oil + Rising Dollar = Crisis For A Whole Lot Of People
December 10th, 2015
Oil is plunging again, this time in the wake of OPEC’s inability to limit its members’ production. The US dollar, meanwhile, is up on the divergence between Fed tightening and ECB/BoJ/BoC easing. This widening gap is a perfect storm ...
Opec bid to kill off US shale sends oil price down to 2009 low
December 8th, 2015
Oil falls by $2 a barrel with energy shares as Opec refusal to stop flooding the market with cheap oil and likely US rate hike sends Brent crude tumbling Oil prices have slumped by 5% after the latest attempt ...
Asian markets close near flat, economic data eyed
December 7th, 2015
Asian stocks lost much of their gains from the morning session to close near flat on Monday, as investors eye a host of economic data due this week. Last week, nonfarm payrolls data showed the U.S. economy created 211,000 ...
