Futures Markets News 

Asia shares left guessing on trade, await Trump speech

“MSCI’s broadest index of Asia-Pacific shares outside Japan edged up a slight 0.04%, following a sharp 1.2% pullback on Monday” writes Midwest Communications Inc for 95kqds.com. Trump wrongfooted markets over the weekend when he said there had been incorrect reporting about U.S. willingness to lift tariffs on China. Oil prices edged lower as the lack of progress on U.S.-China trade negotiations kept prices pressured, though bullish inventory data offered some support. [O/R]. SYDNEY (Reuters) – Asian share markets flatlined on Tuesday as uncertainty over Sino-U.S. trade talks and political strife…

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News 

First China, Now Europe: Libra & the Dawn of Sovereign Cryptos

“Now, it seems that another sovereign digital currency may be on its way” writes Rachel Mcintosh for financemagnates.com. And would a digital euro improve upon the EU’s current financial system, or would it merely move a set of existing problems onto a new platform?. Is the launch of a sovereign digital currency the EU’s best option when it comes to combatting the possibility of financial dominance by Libra or a similar project?. The Association claimed in a statement that this kind of digital money has advantages over the current financial…

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Deutsche Bank reports 832 million euro third-quarter loss on restructuring

“FRANKFURT (Reuters) – Deutsche Bank on Wednesday posted an 832 million euro ($924.35 million) loss in the third quarter due to costs for a major restructuring and as income from its key bond trading division fell sharply” writes Midwest Communications Inc for 95kqds.com. It marks the second consecutive quarterly loss as the bank faces costs to reshape its business, and compares with a 3.15 billion euro loss in the second quarter and a 229 million euro net profit a year ago.Revenue at the bank declined 15% to 5.3 billion euros,…

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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 

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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GBP Markets News 

Pound pauses for breath on Brexit limbo, dollar stable

“HONG KONG (Reuters) – The British pound stabilized on Thursday as the Brexit project entered a fresh holding pattern, while the dollar held firm as traders took a breather from Sino-U.S. trade headlines” writes Midwest Communications Inc for 95kqds.com. Commonwealth Bank of Australia analysts reckon the pound will stay rangebound between $1.3000 and $1.2800 until things become clearer.”It looks like traders are weighing up the current parliamentary shenanigans versus the seeming inevitability of a Brexit,” he said.”With trade negotiations now moving out of the headlines, there doesn’t seem much to…

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News Regulators 

Mario Draghi saved the euro, but leaves ECB at a crossroads

“Draghi took the helm of the Frankfurt-based ECB in November 2011 just as the eurozone debt crisis was deepening” writes Deputy Markets Editor for marketwatch.com. The ECB is a much more powerful institution than the one Draghi inherited, but there’s a sense that the ECB has largely exhausted its monetary policy toolbox.Moreover, Draghi sent a message about the political will to avert a breakup of the euro.Over the years, he polished a reputation for his ability to jawbone, or verbally guide, financial markets, including the euro exchange rate. Source: marketwatch.com

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German budget surplus at 1.7% of GDP in second quarter: Eurostat

“BRUSSELS (Reuters) – Germany’s seasonally adjusted budget surplus was 1.7% of the country’s GDP in the second quarter, down from 2.0% in the previous three months, data from the European Union’s statistics office Eurostat showed on Tuesday” writes Midwest Communications Inc for 95kqds.com. Germany has been running large budget surpluses for years and is now under pressure from other euro zone countries, the European Central Bank and the International Monetary Fund to spend more on long-overdue investment to help prevent an economic slowdown in the euro zone’s biggest economy. Unadjusted…

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