Crypto News Regulators 

Ex-ECB President is ‘Strongly Against’ BTC; Says it Isn’t ‘Real’

“The Association claimed in a statement that digital money has advantages over the current financial system, including faster transactions and the ability to create smart contracts” writes Rachel Mcintosh for financemagnates.com. China is also reportedly working on the development of its own national digital currency.London Summit 2019 Launches the Latest Era in FX and Fintech – Join Now Trichet also expressed skepticism over the idea that cryptocurrencies could be the future of money. Source: financemagnates.com

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News Regulators 

Alarmed by Libra, EU to look into issuing public digital currency: draft

“The social media firm said in June it planned to launch its Libra digital currency next year” writes Min Read for reuters.com. ECB board member Benoit Coeure said in September the bank should “step up” its thinking on a public digital currency.BRUSSELS (Reuters) – The European Central Bank should consider issuing a public digital currency, an EU draft document said, after plans by Facebook to introduce a private one met with a hostile response from global regulators.Digital currencies like Libra – also known as stablecoins – are usually backed by…

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News Regulators 

Lagarde will take ECB out of ivory tower: De Guindos in El Pais

“FRANKFURT (Reuters) – Christine Lagarde will ensure European Central Bank policymakers climb down from their “ivory tower” and face the political realities of the euro zone, the ECB’s vice president, Luis de Guindos, said in an interview published on Saturday” writes Midwest Communications Inc for 95kqds.com. The ECB has been trying – and largely failing – to get euro zone governments that run budget surpluses, such as those of Germany and the Netherlands, to loosen their purse strings and support economic growth. Source: 95kqds.com

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News Regulators 

Euro zone inflation, growth projections cut in key ECB survey

“Underlying inflation projections were also reduced and the longer-term forecast was cut to 1.6% from 1.7%” writes Midwest Communications Inc for 95kqds.com. The longer-term forecast was steady at 1.7%, which remains below the ECB’s inflation target of close to but below 2%. The growth forecast was cut to 1.1% for this year from 1.2% and 1.0% from 1.3% for next year.FRANKFURT, (Reuters) – Euro zone inflation and growth expectations have continued to fall, a key European Central Bank survey showed on Friday, providing further justification for the ECB’s latest stimulus…

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News Regulators 

Inflation forecasts fall in ECB survey of forecasters for fourth straight time

“The forecasters expect annual inflation to average 1.2% in 2019 and in 2020, and 1.4% in 2021” writes European Markets Editor for marketwatch.com. The ECB targets inflation just below 2%. The forecasters also lowered their expectations of GDP growth, seeing 1.1% growth in 2019, 1% growth in 2020 and 1.4% growth in 2021. Source: marketwatch.com

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News Regulators 

Mario Draghi is Leaving the ECB: Here Are the Key Moments of His 8-year Reign

“The euro zone seemed to be experiencing higher and more sustained economic growth” writes Silvia Amaro for cnbc.com. Thursday marks his last press conference and rate decision at the euro zone’s central bank and he will officially leave on October 31.Inflation and economic growth in the euro zone were still struggling.Draghi’s words rang loudly around the world’s trading rooms, investors believed his commitment and yields fell sharply across the euro zone. Source: cnbc.com

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News Regulators Stocks 

Gold pulls back as stocks rise and ECB maintains stimulus plan

“Gold prices slipped on Thursday as global stocks traded higher on better-than-expected quarterly results in the final policy update from ECB President Mario Draghi” writes Mark Decambre for marketwatch.com. December gold GCZ19, -0.05% on Comex slipped $2.30, or 0.2%, at $1,493.40 an ounce, after posting a 0.6% gain.Silver for December deliver SIZ19, +0.00%, meanwhile, shed 2 cents, or 0.1%, to reach $17.5 an ounce, following a gain of 0.5% on Wednesday. Source: marketwatch.com

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GBP News Regulators Stocks 

European stocks seen mixed amid corporate earnings season and Brexit limbo

“European stocks were expected to open mixed Thursday morning as traders remain in limbo over an expected delay to the U.K.’s departure from the European Union, while corporate earnings season gathers pace” writes Elliot Smith for cnbc.com. The European Central Bank (ECB) will convene for its latest policy meeting on Thursday, marking a swan song for outgoing ECB President Mario Draghi.Asia Pacific stocks were mixed Thursday after data showed that South Korea’s economy continued to slow. Corporate earnings remain in focus, with German chemical maker BASF on Thursday reporting a…

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News Oil Regulators 

Asia Pacific shares mixed as growth in South Korea continues to slow

“Asia Pacific shares were mixed in the morning, as latest figures showed that South Korea’s economy continued to slow” writes Weizhen Tan for cnbc.com. South Korea’s economy has been slowing this year, hit by the U.S.-China trade war.South Korea’s economy slowed in the third quarter, growing at 0.4%, according to preliminary estimates by its central bank.Its shares jumped 2.57% in the afternoon. Source: cnbc.com

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