Search Results for: euro zone
Russian Ruble Falls After Tensions Flare Over Ukraine
January 26th, 2015
The Russian ruble fell sharply on opening on Monday, following a weekend of violence in eastern Ukraine and threats of further Western sanctions against Russia. At 10:55 the ruble was down 2.4 percent against the dollar at 65.82 and 2.4 percent weaker against the euro at 73.85. President Vladimir Putin blamed “criminal orders” by Ukrainian ...
Bonds, shares, gold supported ahead of expected ECB action
January 21st, 2015
European shares held close to a seven-year high on Wednesday and Asian shares hit a six-week peak investors bet the European Central Bank would unveil a stimulus drive to boost the flagging euro zone economy. Expectations that the ECB ...
Here’s What the Swiss Central Bank Just Did and Why It’s Such a Shocker
January 19th, 2015
Today the Swiss National Bank shocked the world when it announced it would remove the cap it had in place to prevent the Swiss franc from rising too high against the euro. Here’s what that means and what it’s ...
What the Swiss franc shock means for markets
January 16th, 2015
Dennis Gartman told CNBC the Swiss decision Thursday to abandon a key part of its monetary policy is the worst central bank move he’s ever seen. “This really is I think a silly decision on their part and it ...
Greece will need EU/IMF consent to cover funding needs via T-bills
January 12th, 2015
Greece‘s leftist opposition Syriza party will need EU/IMF approval to issue short-term debt to cover funding needs in the first quarter if it takes power after a January 25 election, the finance ministry said on Monday. Syriza, which is ...
BCC: UK Economy Set For Strong 2015, But Premature Rate Hike ‘Huge Risk’
December 11th, 2014
Britain’s economy still looks on course to expand at a strong pace in 2015, but raising interest rates now would pose a “huge risk” to its recovery, the British Chambers of Commerce (BCC) said on Wednesday. The BCC trimmed its forecasts ...
French central bank sees fourth-quarter growth at 0.1 percent
December 8th, 2014
France’s economy is on course to grow 0.1 percent in the final quarter of the year, led by a modest gain in industrial activity, the central bank said on Monday in a second estimate confirming its first. The forecast ...
ECB Weighs Further Action As Economic Picture Darkens
December 4th, 2014
The European Central Bank will spell out the scale of economic malaise facing the euro zone after it meets on Thursday under growing pressure to take dramatic action to prevent the bloc going into reverse. With recovery stalled across much of ...
Yen Falls Toward Seven-Year Low as Spending Slides; Aussie Drops
November 28th, 2014
The yen tumbled toward a seven-year low and two-year Japanese government bond yields slid below zero after data showed household spending fell and inflation slowed. The yen headed for a monthly loss of at least 1.6 percent against all ...
France, Italy, Belgium may break budget rules, EU to revisit in March
November 27th, 2014
The European Commission will tell France, Italy and Belgium on Friday their 2015 budgets risk breaking EU rules, but it will defer decisions on any action until early March. At that point, France could face a multi-billion euro fine ...
