Tag Archives: ECB

The Euro remains supported by ECB officials fighting speculation of a 25 bps hike. S&P Global Manufacturing and Services PMI surveys will likely be a reality check for the strength of the shared currency, economists at ING report. Reality check “Given that part of the recent EUR strength has relied …

U.S. business activity better than expected, but remains soft Euro zone posts surprise return to modest growth Britain PMI falls at fastest rate in two years, surveys show NEW YORK/LONDON Jan 24 (Reuters) – The downturn in U.S. business activity eased slightly in January even as it contracted for the …

ROME, Dec 17 (Reuters) – The prospect of subsequent hikes in interest rates by the European Central Bank is worrying for highly indebted countries like Italy, the economy minister said on Saturday, following an ECB decision to raise its benchmark rate by 50 basis points. “We have benefitted as a …

© Reuters. By Geoffrey Smith  Investing.com — Global markets are turning nasty at the end of a week of central bank interest rate hikes, with the European Central Bank’s hawkish tone on Thursday responsible for the latest leg down. The news out of China is no better, with anecdotal reports …

ECB’s assets drop by €800 billion. Mexico hiked too today, way ahead of the Fed, keeps peso from falling against USD. By Wolf Richter for WOLF STREET. On Thursday, the S&P 500 Index dropped 2.5%. Since the Tuesday morning spike, it plunged by 5.0%. The Nasdaq dropped 3.2% today. Since the Tuesday morning …