FRANKFURT, Dec 5- The European Central Bank remains prepared to take various policy options to support the euro zone economy, President Mario Draghi said on Thursday. "We are ready to consider all available instruments," Draghi said at a news conference after the ECB kept its interest rates unchanged.» Read More
FRANKFURT, Dec 5- The European Central Bank left its main interest rate unchanged at a record low of 0.25 percent on Thursday, holding course after a pick-up in inflation and a drop in unemployment eased pressure on the bank to act again. The decision to leave rates unchanged was widely expected.
Dr. Helmut Siekmann, professor and chair of money, currency and central bank law at the Institute for Monetary and Financial Stability at Goethe University, says many of the problems remaining in the euro zone are structural and need government reform.
Alan Gayle, RidgeWorth Capital Management, and Cliff Corso, Cutwater Asset Management, weigh in on where interest rates are likely headed and provide perspective on fixed income opportunities.
LONDON, Dec 5- The euro rose to trade near a five-week high against the dollar on Thursday as investors positioned for the European Central Bank's to keep interest rates unchanged with rising German yields lending it support.
Alain Bokobza, head of global asset allocation at Societe Generale, says an upcoming rise in gilt yields will force the Bank of England to "normalize" monetary policy and push through an interest rate hike in 2015 before the U.S. Federal Reserve.
LONDON, Dec 5- European shares fell for a fourth straight day to trade near a seven-week low early on Thursday, with investors taking some money off the table before central bank rate decisions and Friday's crucial U.S. jobs data.
HONG KONG, Dec 5- Hong Kong shares slipped in a third-straight loss on Thursday, with interest-rate sensitive sectors hit by lingering jitters about an earlier tapering in U.S. monetary stimulus after recent economic data came in stronger than expected.
Stefan Schneider, chief German economist and head of German macroeconomics research at Deutsche Bank, discusses whether the European Central Bank will begin an asset purchasing program.
*Interest rates seen on hold after surprise November cut. FRANKFURT, Dec 5- New economic projections from the European Central Bank on Thursday are likely to point to euro zone inflation remaining below target into 2015, raising pressure on the bank to take fresh policy action next year.
Ratings agency Moody's Investors Service said Wednesday that it has changed its outlook on the U.S. life insurance industry to "Stable" from "Negative." Moody's said it expects economic growth rates to improve slowly and interest rates to continue to rise in 2014..
Dec 4- Some day, perhaps soon, interest rates are going to start to go up decisively. Personal finance writer Suze Orman, for example, has stated the case, equating that right to get your principal investment back with carrying a lower risk. Cliff Asness co-founder of AQR Capital Management writes in the Financial Analysts Journal.
European stocks are extending their losses for the fourth day in a row. Gemma Godfrey, Brooks Macdonald, says some of the best value opportunities are in Europe within the financial sector. Godfrey says the "ECB is considering another lending scheme."
David Enrich, European banking editor at Wall Street Journal and Kiron Farooki, partner for financial institutions at Bond Dickinson, discuss Wednesday's rate-rigging scandals, and how they could have been avoided.
CNBC's Rick Santelli discusses the latest action in the bond market, the Federal Reserve and interest rates.
*Bank of Canada holds key rate at 1.0 percent. *Says risks of low inflation appear to have increased. OTTAWA, Dec 4- The Bank of Canada held its key interest rate steady on Wednesday but sounded a touch more dovish in its outlook, saying the risks of undesirably weak inflation appeared greater than they did six weeks ago.
WASHINGTON, Dec 4- Sales of new U.S. single-family homes recorded their biggest increase in nearly 33-1/ 2 years in October, suggesting the housing market recovery remains intact despite higher mortgage rates. The Commerce Department said on Wednesday sales jumped 25.4 percent to a seasonally adjusted annual rate of 444,000 units.
CNBC's Rick Santelli discusses the latest action in the bond market, and the U.S. dollar.
The average loan on a new car climbed to $26,719 in the third quarter, up by $756 from a year earlier, and the most in at least five years, according to data collected by Experian Plc. The average interest rate fell to 4.27 percent from 4.53 percent a year earlier and the average loan term stretched one more month to five years and five months, according to Experian.
NEW YORK, Dec 4- U.S. stock index futures retreated following a stronger-than-expected private sector employment report. S&P 500 futures fell 5.9 points and were below fair value, a formula that evaluates pricing by taking into account interest rates, dividends and time to expiration of the contract.
SAN FRANCISCO, Dec 3- The Federal Reserve has more reason than ever to cut a key U.S. lending rate it has kept at just above zero since the depths of the financial crisis, a top Fed policymaker suggested on Tuesday.