Taking a page from the Ben Bernanke playbook, Mario Draghi and the European Central Bank announced a bond buying program this morning to the tune of €60 billion a month through September of 2016 for a total of about €1.2 trillion. The program is an attempt to turn around Europe’s lagging economy, boosting inflation that Read More
January 2015
European markets closed higher on Wednesday, as news emerged that the European Central Bank is set to buy around 50 billion euros ($ 58.3 billion) per month of government bonds for around a year. European stocks briefly spiked, before slipping to trade lower, after the Wall Street Journal cited sources in its report on the Read More
European equities closed in positive territory on Tuesday amid speculation that the European Central Bank (ECB) will announce a full-scale bond-buying program when it meets on Thursday. The STOXX Europe 600 (^STOXX) ended around 0.8 percent higher, with most sectors of the index trading in positive territory, bar technology and oil and gas, paring earlier Read More
By Harro Ten Wolde WALLDORF, Germany (Reuters) – Europe’s largest software group SAP SE (SAPG.DE) cut its 2017 operating profit outlook on Tuesday, saying its push into cloud-based delivery will further eat into profit margins before clearing the way for profits to expand from 2018 onward. The German company’s move to deliver business planning software Read More
By Jamie McGeever LONDON (Reuters) – European stocks and bonds rose on Monday as investors shrugged off the steepest fall in Chinese shares for over six years and bet the European Central Bank will unveil a bond-buying economic stimulus package later this week. Anticipation the ECB will announce such quantitative easing, or QE, at its Read More
Switzerland’s central bank’s decision to drop a three-year-old cap on the Swiss franc against the euro spurred a currency frenzy on Thursday. The franc floated more than 25 percent against the dollar and jumped as much as 30 percent against the euro at points in the day’s trading. The move set off the potential for Read More
By Lisa Twaronite TOKYO (Reuters) – Asian shares stumbled on Friday and the dollar skidded against the safe-haven yen after Switzerland’s central bank unexpectedly scrapped its currency cap – jolting markets already roiled by plunging commodities prices. Financial spreadbetters expected some of the gloom to spread to Europe, where they predicted Britain’s FTSE 100 (.FTSE) Read More
European equities rallied after a volatile session of trade on Thursday to close sharply higher, following action from the Swiss National Bank. The pan-European Euro Stoxx 600 Index (^STOXX) ended around 2.5 percent higher after switching between gains and losses for much of the session. This came as the Swiss National bank decided to abandoned Read More
By Shinichi Saoshiro TOKYO (Reuters) – Asian stocks mostly edged up on Thursday after a significant rebound in oil and copper prices brought a semblance of calm, while the dollar regained ground lost on disappointing U.S. retail sales. Spreadbetters saw the upward momentum for risk assets being retained in Europe, forecasting Britain’s FTSE (.FTSE) to Read More
European equities closed sharply lower on Wednesday as the turmoil in global commodity markets continued. The pan-European FTSEurofirst 300 (FTSE International: .FTEU3) provisionally ended 1.5 percent lower at 1,355.22 points, with the basic resources (STOXX:.SXPP) sector sliding as much as 6 percent and the energy sector (STOXX:.SXEP) closing down 2.7 percent. London’s FTSE 100 (FTSE Read More