Tag: European Central Bank

In the U.S.: U.S. Stock Futures Gain on Better-Than-Forecast Jobs Data

4 October 2012

No reaction to last night’s Presidential Debate? Better jobs numbers rule proceedings thus far.

U.S. stock futures rose, indicating the Standard & Poor’s 500 Index will climb for a fourth day, as jobless claims increased less than economists forecast and European policy makers held borrowing costs at record lows. Read more…

In Europe: Euro, stocks rise to session highs on ECB report

5 September 2012

Who says the fun stops after summer? Look out, volatility ahead!

The euro and European stocks rose on Wednesday on media reports that the European Central Bank would, with broad support from its council members, unveil an unlimited, sterilised programme of bond purchases. Read more…

In Europe: Draghi Hits Back At German Criticism Of ECB Bond Plan

29 August 2012

ECB doing all it can to “guarantee a strong and stable currency.”

European Central Bank President Mario Draghi hit back at German criticism of his plan to intervene in bond markets and reminded Europe’s largest economy of its responsibility to anchor the euro. Read more…

In Europe: Cyclicals push European shares to 13-month highs

17 August 2012

“Many indexes faced resistance on charts.” The calm before the storm?

Europe’s top share index hit a 13-month high on Friday and was on track to record its best weekly winning streak in seven years on expectations that euro zone policymakers might resolve their differences and work closely to tackle the debt crisis. Read more…

In the U.S.: Stock futures up on hope for central bank action

7 August 2012

ECB stimulus hopes set to boost markets for yet another day running.

Stock index futures edged higher on Tuesday, pointing to a third straight day of gains on Wall Street, bolstered by expectations the European Central Bank will act soon to contain the bloc’s credit crisis. Read more…

In Europe: Nerves ahead of ECB halt European share rally

31 July 2012

Don’t put all your eggs in one (bailout) basket! “Odds for disappointment are fairly elevated.”

A three-day rally in European shares halted on Tuesday, dented by concerns that markets have overplayed the chances of the European Central Bank taking action to back up its pledge to support the euro. Read more…

In the U.S.: Stock futures edge lower after two-day run; Fed, ECB eyed

30 July 2012

The good news had to run out some time. “Market is hesitating, waiting for additional positive news.”

Stock index futures dipped on Monday, indicating the S&P 500 may give back some gains from the prior two sessions that pushed the benchmark index to its highest close since May 3. Read more…

In Europe: Draghi pledge boosts European shares

26 July 2012

Take it as you like, but we’ve seen this before…indications of support to debt-stricken countries, followed by worries of default.

European shares lurched higher on Thursday, halting a four-day drop, as comments from European Central Bank President Mario Draghi about protecting the euro cheered investors already hoping for more stimulus measures from the U.S. Federal Reserve. Read more…

In Europe: Spain feels debt heat, Greece way off bailout terms

25 July 2012

To say the least, “Greece…remains a powder keg.”

Spain paid the second highest yield on short-term debt since the birth of the euro at an auction on Tuesday, and EU officials said Greece had little hope of meeting the terms of its bailout, casting fresh doubt on its future in the euro zone. Read more…

In Europe: European Central Bank cuts rates to new low to aid flagging economy

5 July 2012

Expansionary policy (25 bps cut) added to bailout to boost confidence. However “not seen as a panacea for the euro zone’s problems.”

The European Central Bank cut interest rates to a record low on Thursday to breathe life into a deteriorating euro zone economy and back up measures agreed by government leaders last week to tackle the bloc’s debt crisis. Read more…

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