News Regulators 

ECB’s Draghi hints at a possible dip in inflation

“If firms start to become more uncertain about the growth and inflation outlook, the squeeze on margins could prove more persistent,” Draghi said at a banking conference in Frankfurt Friday” writes Matt Clinch for cnbc.com. “This would affect the speed with which underlying inflation picks up and therefore the inflation path that we expect to see in the quarters ahead.”. Mario Draghi, the president of the European Central Bank (ECB), hinted at the possibility of inflation not rising as quickly as expected due to euro zone firms dealing with a…

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Markets News Regulators 

Review of Crashed: How a Decade of Financial Crises Changed the World

“Germany insisted that the struggling countries had to practice austerity in order to restore the confidence of private financial markets” writes Robert Kuttner for nybooks.com. The historian G.M. Trevelyan said that the democratic revolutions of 1848, all of which were quickly crushed, represented “a turning point at which modern history failed to turn.” The same can be said of the financial collapse of 2008.How did a nominally center-left administration, elected during a financial crisis caused by right-wing economic ideology and policy, end up in this situation?. After the crash, the…

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Markets News Regulators 

Italy unlikely to back down to Brussels yet, says Goldman Sachs

“The Italian government is unlikely to back down from its 2019 budget deficit plan until market pressures rise, according to Goldman Sachs” writes David Reid for cnbc.com. The economist said he didn’t think Italian truculence over its debt plan would affect the European Central Bank (ECB) to end asset purchases this year. Source: cnbc.com Share This:

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News Regulators 

ECB member says any extra loans for Italian banks would be dependent on fresh data

“However, Smets did not confirm or deny that more loans could be made available for Italian banks” writes Matt Clinch for cnbc.com. Asked directly about Italian banks and a series of loans given out by the ECB, called targeted longer-term refinancing operations (TLTROs), Smets said the central bank was yet to discuss what would come after its current range of liquidity operations.”We did not yet discuss, at the level of the Governing Council, what will follow, we are — as you know — a data dependent institution.These loans are set…

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News Regulators 

A top ECB job change could give the next clue about who will replace Draghi

“The European Central Bank did not want to comment on when the bank will be voting on the new SSM leader” writes Daniel Roland for cnbc.com. Markets are keen to discover who will next control monetary policy in the euro zone as the current president of the European Central Bank (ECB) Mario Draghi approaches the end of his mandate.Knowing who will be the next ECB President could bring a clearer understanding of the interest rate trajectory in the euro zone — a fundamental aspect for investors worldwide.She has taken a…

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News Regulators 

EUR: 3 Reasons Why ECB December Meeting Will Be Closely-Watched – SEB

“The European Central Bank left its policy unchanged and Draghi tried not to rock the boat” writes Yohay’s Google Profile for forexcrunch.com. Forward guidance on rates policy will remain unchanged until spring into 2019, in our view,” SEB adds.The ECB left all policy parameters unchanged – including forward guidance, where only the sentence referring to the 01 Oct adjustment of the monthly QE pace to € 15bn was deleted. Source: forexcrunch.com Share This:

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Markets News Regulators Stocks 

Gold steady, on track for longest string of weekly gains since January

“Gold prices held steady early Friday as a bounce back in U.S. stocks failed to stimulate its Asian counterparts, with the metal on track to rise for the fourth straight week, its longest string of weekly gains since January” reports cnbc.com. Spot gold was flat at $1,231.17 an ounce at 0101 GMT. On Tuesday, it touched a high of $1,239.68, a peak since July 17.U.S. gold futures were up 0.1 percent at $1,233.70 an ounce. Barrick Gold Corp could have nine of the world’s top gold mines in a relatively…

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GBP News Regulators 

Euro and sterling slip after ECB meeting, as European political risk remains in focus

“The U.S. dollar strengthened as the euro and British pound slipped on Thursday following a policy update by the European Central Bank that underlined political risks in Europe” writes Markets Reporter for marketwatch.com. Earlier Thursday, U.K. Brexit Secretary Dominic Raab said there was a risk of a “no-deal” Brexit due to the European Union’s stern negotiating stance.During the Q&A, ECB President Mario Draghi said he was confident that a “good, common-sense” solution to Brexit would minimize financial stability risks.For the week, the dollar gauge is on track for a 0.9%…

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News Regulators 

ECB should keep policy options open regardless of Fed

“NUSA DUA, Indonesia (Reuters) – The European Central Bank should keep its policy options open and not let itself be influenced by the Federal Reserve, ECB policymaker Francois Villeroy de Galhau said on Sunday” writes Midwest Communications Inc for 95kqds.com. The euro zone has been relatively insulated and Villeroy said the ECB should proceed at its own pace. “I think the euro area can determine its own course,” he said. Source: 95kqds.com Share This:

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