European Central Bank
LONDON, UNITED KINGDOM - MAY 23: European Central Bank President Mario Draghi leaves the stage after delivering a speech on the future of Europe at the Guildhall May 23, 2013 in central London, United Kingdom. Amid some recent calls in the UK to exit the European Union, Draghi empasized in his speech the island nation's importance to Europe, and vice versa - Europe's importance to the country.
Connections
Quotes
I still think there's a case for Bunds outperforming (U.S. Treasuries) ... (but) better data from the U.S. takes the pressure off the European Central Bank (to ease monetary policy further)
The low propensity to save, which reached a new record low in May, is also helping. This is most probably traced to the decision by the European Central Bank to lower interest rates once more to spur growth.
In the long run, euro prospects look poor, because the European Central Bank appears to be veering towards an asset purchasing programme of its own, which could have the potential to severely impact the value of the single currency against the US dollar and the poundMore quotes »
Newsday's coverage
-
Oil up again to near $95 ahead of US jobs data
to $94.60 a barrel in electronic trading on the New York Mercantile Exchange.The price rose sharply on Thursday as the European Central Bank cut its key interest rate to a new low and U.S. unemployment benefit claims dropped. The Nymex contract rose $2.96, Read more »
-
Asia stocks rise on US jobs data
rose. New Zealand and Singapore fell.Markets in Japan were closed for a public holiday.An interest rate cut by the European Central Bank gave markets in Europe a small lift Thursday. The central bank, which sets interest rates for the 17 European Union countries Read more »
-
Markets steady despite growing ECB rate cut talk
following a strong performance the previous session despite growing expectations of an interest rate reduction from the European Central Bank later this week.The expectation that the ECB will cut its main interest rate from the already all-time low of 0.75 Read more »
-
Oil above $94 on US data, hope of EU rate cut
in March as their incomes went up. And pending home sales hit their highest level in three years. Traders also think the European Central Bank will cut its benchmark interest rate from the current record low of 0.75 percent to 0.50 percent, in a further attempt Read more »
-
Oil rises to near $92 on central bank hopes
York Mercantile Exchange . Oil had its biggest daily gain since December on Wednesday, as speculation grew that the European Central Bank will cut interest rates next week. The contract jumped $2.25, or 2.5 percent, to finish at $91.43.Reports released this Read more »
Around the web
-
German consumers more likely to spend, index reaches 6.5 in June
to save, which reached a new record low in May, is also helping. This is most probably traced to the decision by the European Central Bank to lower interest rates once more to spur growth.” Detailed data published for May also showed a perceived improvement 5/24/13 from The Star Malaysia Read more »
-
Ken Rogoff: For Europe, Debt Relief for the Periphery, Not Fiscal Expansion at the Core
sheet to alleviate Europe’s growth problems? Certainly, Germany must continue to acquiesce in an ever-larger role for the European Central Bank, despite the obvious implicit fiscal risks…. Debt write-downs and guarantees will inevitably bloat Germany’s government 5/24/13 from Brad DeLong's Semi-Daily Journal Read more »
-
Eurozone more stable, needs a more European UK: Draghi
a year ago but economic conditions remain challenging and governments must push on with reforms and banking union plans, European Central Bank President Mario Draghi said on Thursday. Speaking in London almost a year after he vowed to do “whatever it takes” 5/24/13 from China Post Read more »
-
Household spending saves Germany from recession: data
the widely-watched ZEW investor confidence index stabilised following a sharp decline the previous month thanks to the European Central Bank's decision to cut interest rates. The latest Ifo business climate index — an even more important barometer of sentiment 5/24/13 from China Post Read more »
-
Exclusive: DBRS to rate all euro zone sovereigns by year-end
illuminated euro sign is seen in front of the headquarters of the European Central Bank (ECB) in the late evening in Frankfurt January 8, 2013. NEW YORK (Reuters) - DBRS plans to rate the credit of all euro-zone sovereigns by year-end, from the current 10 5/24/13 from Reuters Mobile Read more »
