European Central Bank

European Central Bank President Christine Lagarde asked eurozone finance ministers Tuesday to consider a one-off joint debt issuance of “coronabonds” to assist with the coronavirus pandemic, according to Reuters. “Despite opposition from the Netherlands, it is likely...

Can the market end higher for two days in a row? The last time the S&P 500 Index (SPX) was able to string together consecutive up days was the middle of last month. Since then, we’ve seen massive moves up and down, but mostly down, as volatility has rocketed up. The futures...

President Donald Trump signed into law a coronavirus relief package on Wednesday. The law was passed by the Senate earlier in the day. Stimulus measures to combat COVID-19’s economic fallout are being considered and enacted worldwide.  US To Provide Relief To Workers, Elderly, Vulnerable...

The European Central Bank (ECB) is sticking to its guns on playing "an active role" in the digital currency field, said ECB’s President Christine Lagarde on Wednesday. What Happened The ECB will continue assessing the risks and benefits of issuing a central bank digital currency (...

Sveriges Riksbank, the central bank of Sweden, on Thursday, increased the Repo rate from -0.25% to zero. What Happened "Developments since the monetary policy meeting in October have on the whole been as the Riksbank expected. The economic prospects and outlook for inflation are largely...

The European Central Bank will establish clear objectives for its digital currency task force by mid-2020, the bank's president Christine Lagarde said in on Thursday. What Happened Lagarde, who was holding her first-ever press conference as the president of ECB, said that there is a clear...

European stocks have severely lagged U.S. stocks over the past year. In that stretch, the iShares MSCI EMU Index (BATS: EZU) is up just 6%, while the SPDR S&P 500 ETF Trust (NYSE: SPY) is up 50.9%. Eurozone uncertainty related to Brexit, an economic slowdown in Germany and other factors have...

European stocks and the related exchange traded funds are unlikely to catch their U.S. rivals, but there's no denying there's some momentum building for riskier assets across the pond. The S&P Europe 350 Index is higher by 7.13% over the past month, bringing its year-to-date gain to...

Italian economist and former Goldman Sachs Group Inc (NYSE: GS) banker turned European Central Bank President Mario Draghi held his last press conference Thursday as he prepares to leave the position Oct. 31 after eight tumultuous years at the ECB.  European leaders have nominated...

Eurozone stocks and the related exchange traded funds haven't been all that bad this year. The SPDR EURO STOXX 50 ETF (NYSE: FEZ), for example, is up 12.26%. That sounds pretty good until acknowledging FEZ is trailing the S&P 500 by about 500 basis points. FEZ tracks the EURO STOXX 50 Index...

Thursday’s equity index futures session began with a premarket bang from the European Central Bank’s monetary policy “bazooka” in the form of rate cuts down to -0.5% and ~$22 billion per month in quantitative easing starting in November. Shortly after, reports of an interim...

The European Central Bank cut the interest rate on deposits by 10 basis points to 0.5% on Thursday and said it will relaunch quantitative easing. The ECB announced that net purchases will be restarted under the Governing Council’s asset purchase program at a monthly pace of 20 billion...

Societe Generale expects the European Central Bank to deliver rate cuts this year and in 2020 due to a slowdown triggered by a probable U.S. recession, the bank's senior European economist Anatoli Annenkov said, according to ForexLive. The central bank should have a better sense...

European leaders have nominated International Monetary Fund Managing Director Christine Lagarde to become the next president of the European Central Bank, according to The Wall Street Journal. Member states decided to back Lagarde to succeed the current ECB chief Mario Draghi, whose eight-year term...

The European Central Bank could see rate cuts as a toolkit for new stimulus. On Tuesday, the European stock market recovered from early falls as ECB President Mario Draghi promised more monetary stimulus if the economy does not improve. ForexLive reports the Euro is under renewed pressure now as...