Praveen Jagwani, CEO of UTI International, says the demonetization drive was well intentioned but execution was flawed. » Read More
ECB President Mario Draghi weighs in on the relationship between fiscal and monetary policy.
FRANKFURT, Dec 8- The European Central Bank caught financial markets off-guard on Thursday by announcing it would trim asset buys from April next year, even as it reserved the right to increase purchases again if the euro zone's recovery faltered. The ECB said it would cut monthly purchases to 60 billion euros from the current 80 billion euros but extend the buys...
LONDON, Dec 8- The euro fell more than 1 percent on Thursday after hitting its highest in a month, as the European Central Bank announced an extension of its quantitative easing program till the end of 2017 but also signaled it would trim monthly bond purchases. As ECB president Mario Draghi held a news conference to explain the decision, the euro fell 1.1 percent on...
MILAN/ LONDON, Dec 8 (Reuters)- European shares rose on Thursday, extending earlier gains as banks climbed further following the European Central Bank's unexpected decision to cut its monthly asset purchases. The ECB move pushed euro zone bond yields broadly higher, which in turn further boosted banking shares with Europe's STOXX 600 Bank index rising 2 percent.
LONDON, Dec 8- Italian banking shares surged again on Thursday bringing their three-day gains to 20 percent and putting them on track for the best week since at least 2009.. Italy's beleaguered banks extended their post-referendum recovery after the European Central Bank extended its asset purchases stoking a region-wide banking sector rally.
ECB President Mario Draghi says that the full effects of Donald Trump's presidency and Brexit will be seen medium to long term.
ECB President Mario Draghi talks about GDP growth and inflation in light of the central bank’s decisions made in December.
ECB President Mario Draghi says the intention of its monetary policy decisions is to maintain monetary accommodation in place.
ECB President Mario Draghi talks about the economic benefits of buying bonds that yield less than 40 BPS below zero, while commenting on the deposit rate.
ECB President Mario Draghi takes a deeper look at the main details from the central bank’s latest monetary policy meeting.
If financial conditions become inconsistent, the ECB intends to increase the program in terms of size and/or duration, says President Mario Draghi.
The ECB announced a continuation of the bank's generous asset-buying program on Thursday, although a reduced pace of purchases is set to start from April next year.
Banor Capital Portfolio Manager Francesco Castelli takes a look at the state of Italian banks and how they are faring following the referendum.
*Euro firms ahead of European Central Bank policy statement. LONDON, Dec 8- New Zealand's dollar was the biggest gainer among major currencies on Thursday, rising 0.7 percent after a speech by Reserve Bank Governor Graeme Wheeler added to speculation the bank would raise interest rates next year. With all eyes fixed on a European Central Bank meeting widely...
LONDON, Dec 8- European shares climbed to a three-month high on Thursday, mirroring gains on Wall Street and in Asia, with investors betting that the European Central Bank will extend its asset purchase program after a policy meeting later in the day. The central bank, which aims to boost stubbornly weak price growth, will announce its main policy decisions at 1245...
The board of Monte dei Paschi asked the ECB for more time to move ahead with a $5.4 billion recapitalization, according to the FT.
Carsten Nickel, senior vice president at Teneo Intelligence, explains why he doesn’t believe Europe is past the financial crisis.
Michael Huenseler, head of credit portfolio management at Assenagon Asset Management, talks about the "elephant in the room" in the ECB meeting: Italy.
Martin Lueck, chief investment strategist for Germany, Austria and Eastern Europe at Blackrock, explains why he believes tapering will be a topic for 2017.
In terms of tweaking conditions, the ECB is most likely going to scrap the deposit floor says Martin Lueck, chief investment strategist for Germany, Austria and Eastern Europe at Blackrock.
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