Trends - European Central Bank

European Central Bank

New PM Draghi to unveil plan to rescue Italy from virus crisis

The new premier has enough support without them but the rumblings highlight the fragility of his coalition.

Published 17 Feb, 2021 11:39am

Markets

Italy sees record demand in first bond sale under Draghi

Italy's 10-year bond yields fell to a record-low last week after head of state Sergio Mattarella asked Draghi to form a new government.
The Treasury set the yield on a new 10-year BTP bond at 4 basis points above the rate of an existing April 2031 BTP note, halving the initial indication of an 8 basis point spread.

Published 16 Feb, 2021 07:18pm

World

Italy's Draghi takes office, faces daunting challenges

Draghi's government is 67th since World War Two.
Cabinet includes mix of technocrats and politicians.
Must move fast to tackle array of daunting woes.

Published 13 Feb, 2021 06:00pm

Business & Finance

Draghi set to be Italy’s new PM

ROME: Former European Central Bank chief Mario Draghi was expected Friday to be formally named Italy’s new prime...

Published 13 Feb, 2021 04:11am

Markets

German consumer prices to surpass ECB target this year: Weidmann

Weidmann, who also sits on the ECB's Governing Council, said if inflation rises, the central bank would have to act accordingly.

Published 12 Feb, 2021 10:43am

Markets

Just 270 crypto addresses laundered $1.3bn in dirty funds last year, research shows

270 addresses laundered 55% of illicit crypto in 2020 – study.
Criminals using over-the-counter brokers, other services.
Regulators urging tighter rules to stop money laundering.

Published 11 Feb, 2021 08:54pm

Markets

Going digital will boost rouble's global role, Russia says

Russia's central bank first floated the idea of the digital rouble last October, saying it could be issued on top of existing cash and non-cash roubles to facilitate payments.
China's example shows that they want to use their digital currency as a tool for international settlements.

Published 11 Feb, 2021 08:36pm

World

ECB's Makhlouf near term outlook for global economy has deteriorated

In the near term, the outlook has deteriorated and become more uncertain.
"The increased vulnerabilities have clear messages. For authorities, now is not the time to unwind either fiscal or monetary support."

Published 11 Feb, 2021 08:00pm

Markets

ECB should adopt pro-climate asset, collateral bias: Villeroy

Villeroy, who is also governor of the French central bank, said the ECB had to take into account climate change because its stagflationary nature.

Published 11 Feb, 2021 01:48pm

World

Europe will need fiscal help into 2022: Lagarde

Lagarde also called on European Union leaders to kick start the bloc's 750 billion euro Next Generation EU spending package as some economic restrictions could remain in place until the second half of the year.

Updated 11 Feb, 2021 12:30am

Business & Finance

Monte dei Paschi says cash call in limbo as losses soar

Annual losses up more than 60%, hit by one-off provisions.
Net interest income down 14%, fees hold up.
In talks with EU and ECB over capital increase plans.

Published 10 Feb, 2021 06:00pm

Markets

Euro zone citizens give ECB's low rates the thumbs down

Roughly half of the respondents came from the Netherlands or Germany - two savings-rich countries where these problems have been felt more acutely.

Published 08 Feb, 2021 11:20pm

Markets

German Bund yields rise on reflation bets, Italian yields down

Hopes that a $1.9 trillion aid package will be passed in the US as soon as this month, boosting growth and inflation.
Italy, which last week saw the biggest weekly fall in 10-year bond yields in months, remained in focus in the euro area.

Published 08 Feb, 2021 05:36pm

ECB’s Lagarde says cancelling Covid debts ‘unthinkable’

PARIS: European Central Bank (ECB) chief Christine Lagarde on Sunday rejected calls to cancel debts run up by...

Updated 08 Feb, 2021 09:22am

Business & Finance

European economists urge debt cancellation

PARIS: More than 100 economists called Friday on the ECB to give a 2.5-trillion-euro ($3.0-trillion) boost the...

Published 06 Feb, 2021 04:06am

World

Draghi calls for ‘unity’ as tries to form Italian govt

ROME: Former European Central Bank chief Mario Draghi urged Italy’s splintered parties Wednesday to get behind him...

Updated 04 Feb, 2021 10:01am

Markets

European shares rise

MILAN/FRANKFURT: European shares rose on Wednesday as focus remained on a busy day of earnings, with Italian shares...

Published 04 Feb, 2021 04:13am

Business & Finance

Euro drops against dollar in Europe

LONDON: The euro dropped to a two-month low against the dollar on Wednesday, trading just above $1.20, as investors...

Published 04 Feb, 2021 04:13am

Markets

Ex-ECB chief Draghi called in after Italy govt talks fail

President Sergio Mattarella's spokesman said he had asked the former head of the European Central Bank to meet with him for talks on Wednesday.

Published 03 Feb, 2021 09:37am

Business & Finance

Sterling gains broadly

LONDON: Sterling gained against both the dollar and the euro on Tuesday as analysts bet a faster pace of ...

Published 03 Feb, 2021 04:35am

Markets

ECB keeps Italian debt purchase steady through govt crisis

Investors have been wondering whether the ECB was once again helping keep a yield on Italian bond yields since mid-January, when an unfolding government crisis only spurred a muted market reaction.
The ECB bought 18.1 billion euros of Italian debt over the last two months under its pandemic-fighting programme plus an additional 3 billion euros under its regular stimulus scheme.

Published 01 Feb, 2021 09:41pm

Markets

Stock markets rally could be fuelled by recovery hopes: ECB’s Knot

AMSTERDAM: The continuing rise of stock markets worldwide could be the result of growing hopes of economic recovery,...

Updated 01 Feb, 2021 09:06am

Business & Finance

ECB's digital euro could run on instant payment platform, Visco says

Like banknotes, digital euros would give holders a direct claim on the central bank, making them safer than deposits at commercial banks.
"TIPS could be one of the pillars for the possible implementation of a digital euro," the report said.

Published 29 Jan, 2021 07:36pm

Markets

Italian banks govt bond holdings fall to lowest since March in December

Their portfolio fell to 419.24 billion euros ($507.91 billion) last month.

Published 29 Jan, 2021 02:48pm

Business & Finance

Big eurozone banks face loans risk from virus: ECB

FRANKFURT AM MAIN: The eurozone’s big banks have successfully weathered the coronavirus crisis so far but could ...

Updated 29 Jan, 2021 09:39am

Business & Finance

ECB tells banks to properly staff Brexit hubs in EU

Bankers have said that the travel restrictions due to the pandemic have made it harder to shift staff to new locations, but EU regulators are running out of patience.
"One key issue for our attention is that we have sufficient strategic and risk-management capacity onshore here. We are not there yet, for some banks we are but not for all the banks," Enria said.

Published 28 Jan, 2021 06:53pm

Markets

Dollar stands stall as global stock rally fizzles

8 US gross domestic product data is due later on Thursday to gauge the strength of the world's largest economy as it struggles with the coronavirus pandemic.

Published 28 Jan, 2021 10:50am

Business & Finance

Euro falls in Europe

LONDON: The euro fell on Wednesday, under pressure after a European Central Bank official said the bank was...

Published 28 Jan, 2021 04:40am

Business & Finance

Sterling rises to 8-month high against euro

LONDON: Sterling rose to an eight-month high against a weakening euro on Wednesday as Britain’s COVID-19 vaccine...

Published 28 Jan, 2021 04:40am

Markets

Sterling gets vaccine boost to hit 8-month high vs weakening euro

The euro was under pressure after an ECB official said the central bank has room to cut its deposit rate further.
On the other hand, "the euro is clearly being undermined by ongoing concerns over vaccine rollout speed and supply," Yu added.

Published 27 Jan, 2021 08:58pm

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / May 31	278.42
USD PKR Interbank Buying / May 31	278.22
USD to Japanese Yen / May 31	157.31
USD to Swiss Franc / May 31	0.90
Pound Sterling to USD / May 31	1.27
Euro to USD / May 31	1.08

Stock	Volume
S&P 500 / May 31	5277.51
India Sensex / May 31	73961.31
Tokyo Nikkei / May 31	38487.90
Nasdaq / May 31	16735.02
Hang Seng / May 31	18079.61
FTSE 100 / May 31	8275.38
Dow Jones / May 31	38686.32
Germany DAX 30 / May 31	18497.94

Item	Value
Crude Oil USD/Barrel / May 31	76.99
Karachi Cotton PKR/37.32 KG / May 31	19935
Gold 10 Grams PKR / May 31	207219
Gold Spot USD/Ounce / May 31	2327.33
Cotton US¢/pound / May 31	75.11
Petrol/Litre / Jun 1	268.36

Gainers
Losers
Leaders

Stock	Price
786 Invest Ltd / Jun 1 786 Investments Limited(786)	5 ▼ 0.00 (0.00%)
AL-Abbas Sugar / Jun 1 Al-Abbas Sugar Mills Limited(AABS)	585 ▼ 0.00 (0.00%)
Agro Allianz / Jun 1 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / Jun 1 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / Jun 1 Ali Asghar Textile Mills Limited(AATM)	2.07 ▼ 0.00 (0.00%)
Allied Bank / Jun 1 Allied Bank Limited(ABL)	87.10 ▼ 0.00 (0.00%)
Abbott Lab. / Jun 1 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▼ 0.00 (0.00%)
Abson Ind. / Jun 1 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / Jun 1 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / Jun 1 786 Investments Limited(786)	5 ▲ 0.00 (0.00%)
AL-Abbas Sugar / Jun 1 Al-Abbas Sugar Mills Limited(AABS)	585 ▲ 0.00 (0.00%)
Agro Allianz / Jun 1 Agro Allianz Limited(AAL)	16 ▲ 0.00 (0.00%)
AL-Abid Silk / Jun 1 Al-Abid Silk Mills Limited(AASM)	3.49 ▲ 0.00 (0.00%)
Ali Asghar / Jun 1 Ali Asghar Textile Mills Limited(AATM)	2.07 ▲ 0.00 (0.00%)
Allied Bank / Jun 1 Allied Bank Limited(ABL)	87.10 ▲ 0.00 (0.00%)
Abbott Lab. / Jun 1 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▲ 0.00 (0.00%)
Abson Ind. / Jun 1 Abson Industries Limited(ABSON)	2.50 ▲ 0.00 (0.00%)
Alfalah ETF. / Jun 1 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▲ 0.00 (0.00%)

Stock	Volume
P.I.A.C.(A) / Jun 1 Pakistan International Airlines Corp(PIAA)	47,200,500 ▲ 0.00
Cnergyico PK / Jun 1 Cnergyico PK Limited(CNERGY)	29,719,327 ▲ 0.00
Pak Petroleum / Jun 1 Pakistan Petroleum Limited(PPL)	21,170,581 ▲ 0.00
Pak Refinery / Jun 1 Pakistan Refinery Limited(PRL)	16,965,134 ▲ 0.00
The Searle Co. / Jun 1 The Searle Company Limited(SEARL)	15,793,227 ▲ 0.00
P.T.C.L. / Jun 1 Pakistan Telecommunication Company Ltd(PTC)	15,054,641 ▲ 0.00
K-Electric Ltd. / Jun 1 K-Electric Limited(KEL)	14,145,556 ▲ 0.00
WorldCall Telecom / Jun 1 Worldcall Telecom Limited(WTL)	13,158,668 ▲ 0.00
Telecard Limited / Jun 1 Telecard Limited(TELE)	12,358,668 ▲ 0.00

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