Trends - ECB - Business Recorder

ECB

Asian markets step back from stimulus-driven record highs

The greenback's recent slide has been led by investors ploughing money into higher-yielding currencies on optimism about a rapid economic recovery led by massive US stimulus.

Published 22 Jan, 2021 11:37am

Business & Finance

Italian yields rise to seven-week high as ECB brings PEPP into focus

At its policy meeting, the ECB kept its deposit rate unchanged at -0.5% and maintained the overall quota for bond purchases under the Pandemic Emergency Purchase Programme (PEPP) at 1.85 trillion euros, as expected.

Published 21 Jan, 2021 09:39pm

Markets

Euro gains before ECB meeting; Biden stimulus weighs on dollar

Dollar and other safe havens lag as stocks hit records.
ECB policy decision at 1245 GMT.

Published 21 Jan, 2021 02:50pm

Business & Finance

ECB to chart steady course even as the outlook dulls

The ECB will announce its own policy decisions at 1245 GMT, followed by Lagarde's news conference at 1330 GMT.

Published 21 Jan, 2021 12:37pm

Business & Finance

ECB meets as virus woes weigh on eurozone

Policymakers are expected to stop short of taking fresh action after ramping up their pandemic support for the eurozone last month.

Published 21 Jan, 2021 09:46am

Business & Finance

ECB to chart steady course even as the outlook dulls

Near term increasingly challenging.
ECB has plenty of untapped firepower.
Longer term uncertainty on the decline.

Published 21 Jan, 2021 09:03am

Business & Finance

Euro sinks in Europe

LONDON: The euro struggled to join a broader risk rally against the dollar on Wednesday as analysts said the risk of...

Published 21 Jan, 2021 04:23am

Markets

Turkish central bank may be rewarded if it holds its nerve

Since Turkey made big changes at its central bank and finance ministry and shifted towards conventional policies, the lira has soared.

Published 20 Jan, 2021 02:04pm

Business & Finance

Eurozone banks tighten lending conditions further: ECB

Credit conditions tightened for firms and consumers in France, Spain and Germany, but remained stable in Italy, the ECB said.

Published 19 Jan, 2021 08:22pm

Business & Finance

ECB's Centeno says boosting euro's international role is significant challenge

The euro proved this time to be a very, very flexible and strong institution to all member States.
The risks that some countries could see 10 years ago regarding the euro are today much smaller.

Published 19 Jan, 2021 07:05pm

Markets

Italian bond yields drop ahead of confidence vote

Conte won a confidence vote in the Chamber of Deputies on Monday as he clung to power after a junior partner quit the ruling coalition and triggered a political crisis.
Conte is likely to pass today's confidence vote with a simple majority if Italia Viva abstains as promised.

Published 19 Jan, 2021 06:47pm

Business & Finance

ECB's latest stimulus expected to have little impact on euro zone economy

Despite the ECB's decision to top up its pandemic emergency purchases by half a trillion euros to 1.85 trillion euros and extend the programme for nine months.
It was then expected to expand 2.3%, 1.9% and 1.0% in the second, third and fourth quarters.

Published 18 Jan, 2021 06:11pm

Markets

ECB to hold course as virus clouds outlook

At Thursday's press conference, former French finance minister Lagarde is likely to also be quizzed about the recent strength of the euro against the dollar.

Published 18 Jan, 2021 12:45pm

Business & Finance

ECB's Lane faced rare pushback against latest stimulus package

A number of reservations were expressed with regard to the proposed increase in the borrowing allowance to 60%.
ECB policymakers often disagree about policy moves, differences are usually resolved before the meeting so that the chief economist's proposal is rarely changed.

Updated 14 Jan, 2021 06:47pm

World

ECB's Lagarde confident on outlook despite virus surge

The ECB in December forecast economic growth in the 19-nation euro area at 3.9 percent in 2021.

Published 13 Jan, 2021 08:04pm

World

Digital euro could happen 'within five years': Lagarde

Lagarde set a similar timeframe to China which launched a pilot scheme in 2020 and is edging closer to launching the world's first sovereign digital currency.

Published 13 Jan, 2021 07:25pm

Business & Finance

ECB's Lagarde pushes back on gloomy forecasts, sticks to recovery outlook

Lagarde says ECB's economic projections still valid.
Projections based on lockdowns ending after Q1.
ECB "very attentive" to exchange rate movements.
Review conclusions, new inflation target to be communicated in one package.

Published 13 Jan, 2021 06:16pm

Business & Finance

Euro zone bond yields rise on US reflation trade

Italy's benchmark 10-year bond yield was up 2 basis points at 0.563%. Outperforming Portuguese and Spanish yields were up 1.5 to 2 basis points.

Published 12 Jan, 2021 02:22pm

Sports

England squad barring Moeen test negative for COVID-19 in Sri Lanka

Fast bowler Chris Woakes, who was deemed a possible close contact of Moeen, was among those who tested negative but will continue to isolate in his room as a precaution.

Published 06 Jan, 2021 01:07pm

Business & Finance

ECB should explore yield curve control, de Cos says

"I think yield curve control is an option worth exploring," de Cos said in an interview in Central Banking.
An alternative the ECB could consider is targeting the risk-free yield curve, for example the overnight index swap curve.

Published 04 Jan, 2021 06:05pm

Business & Finance

ECB will raise interest rates if needed, but shift can take some time: Weidmann

"In their own interest, governments should prepare for a rise in interest rates and not pretend that their debt burden can be serviced easily," said Weidmann.

Published 31 Dec, 2020 11:50am

Business & Finance

ECB stands ready to offset exchange rate impact on inflation

ECB policymakers have grown concerned about the exchange rate as the euro has risen to its highest level against the dollar since April 2018.
The ECB does not have an exchange rate target. But as (ECB President) Christine Lagarde said we are and will be very vigilant about the effects of the exchange rate on inflation.

Published 17 Dec, 2020 01:03am

Business & Finance

ECB injects more stimulus to fight second virus wave

Lagarde had in October all but promised that extra monetary support was under way, and the newest moves fell within market expectations.

Published 11 Dec, 2020 02:15am

Business & Finance

ECB set to boost stimulus to fight second wave of virus: analysts

Nevertheless, ING bank economist, Carsten Brzeski, believed that any new stimulus measures would mark the ECB's "final move" in pandemic support.

Published 10 Dec, 2020 12:01pm

Markets

Pound teeters, dollar dithers as traders look to Brussels

"Broad positioning is short sterling, but not at extremes by any means. This limits the prospect we get an exaggerated short-covering rally to say $1.3800 or $1.4000."

Published 09 Dec, 2020 10:25am

Business & Finance

Has the ECB made the wealth gap wider?

When it buys debt from financial institutions on secondary markets, i.e. after the debt has already been issued, the ECB and other central banks effectively lower the rate of interest that countries and companies must offer to obtain funds.

Published 06 Dec, 2020 05:47pm

Markets

Big techs may disrupt European financial system, ECB warns

"While they could offer convenient and efficient payment solutions," Panetta said, "they also risk endangering competition, privacy, financial stability and even monetary sovereignty."

Published 27 Nov, 2020 07:35pm

Business & Finance

ECB's De Cos says governing council should increase monetary accommodation

With the euro zone likely heading back into recession this quarter, the ECB has already said it would provide more stimulus in December.
Christine Lagarde said last week that this would be mainly be based on fresh emergency bond purchases

Published 16 Nov, 2020 06:35pm

Business & Finance

Euro zone budget aid may need to be stepped up: ECB's Knot

Knot, normally a conservative voice on the ECB's Governing Council and a critic of past monetary stimulus packages, said the ECB should keep borrowing costs low.
Fiscal policy must be in the lead," said Knot, who also sits on the European Central Bank's rate-setting Governing Council.

Updated 10 Nov, 2020 08:55pm

Business & Finance

ECB may cut support for indebted countries in nudge towards EU loans

The ECB promised last week to introduce more measures in December to help euro zone countries cope with the second wave of the coronavirus pandemic.
The difference between the two programmes is material and the decision will have implications for how much help the ECB might give to the bloc's most indebted countries.

Published 03 Nov, 2020 08:53pm

Gainers
Losers
Leaders

Stock	Price
Dandot Cement / Jan 23 Dandot Cement Company Limited(DNCC)	11.15 ▲ 0.47 (11.39%)
Saritow Sp. / Jan 23 Saritow Spinning Mills Limited(SSML)	11.20 ▲ 0.20 (8.32%)
Summit Bank / Jan 23 Summit Bank Limited(SMBL)	1.99 ▲ 0.10 (7.57%)
1st Dawood / Jan 23 First Dawood Investment Bank Limited(FDIBL)	2.72 ▲ 0.39 (3.82%)
Pakgen Power / Jan 23 Pakgen Power Limited(PKGP)	30.20 ▲ 0.05 (3.82%)
Samba Bank / Jan 23 Samba Bank Limited(SBL)	7.90 ▲ 0.20 (3.67%)
Chakwal Spinng / Jan 23 Chakwal Spinning Mills Limited(CWSM)	2.09 ▲ 0.06 (3.47%)
Shifa Int. / Jan 23 Shifa International Hospitals Limited(SHFA)	243.50 ▲ 1.49 (3.38%)
Merit Packaging / Jan 23 Merit Packaging Limited(MERIT)	15.70 ▼ 0.00 (3.29%)
Shell Pak. (R) / Jan 23 Shell (Pakistan) Ltd (R)(SHELR)	90.57 ▼ -1.85 (3.26%)

Stock	Price
Bawany Air / Jan 23 Bawany Air Products Limited(BAPL)	20.10 ▼ 1.85 (-8.43%)
Shaheen Ins. / Jan 23 Shaheen Insurance Company Limited(SHNI)	4.51 ▼ 0.06 (-7.96%)
Habib Ins. / Jan 23 Habib Insurance Company Limited(HICL)	7.51 ▼ 0.59 (-7.28%)
Tri-Star Power / Jan 23 Tri-Star Power Limited(TSPL)	5.32 ▼ 0.45 (-4.49%)
Grays Leas. / Jan 23 Grays Leasing Limited(GRYL)	5.12 ▼ 0.69 (-4.12%)
Faysal Bank / Jan 23 Faysal Bank Limited(FABL)	20.50 ▼ 0.35 (-3.53%)
Aisha Steel / Jan 23 Aisha Steel Mills Limited(ASL)	23.75 ▼ 0.53 (-3.46%)
Soneri Bank / Jan 23 Soneri Bank Limited(SNBL)	10.70 ▼ 0.29 (-3.17%)
Rupali / Jan 23 Rupali Polyester Limited(RUPL)	30.50 ▼ 0.89 (-2.84%)
Netsol Tech. / Jan 23 NetSol Technologies Limited(NETSOL)	186.53 ▼ 4.43 (-2.81%)

Stock	Volume
K-Electric Ltd / Jan 23 K-Electric Limited(KEL)	54,062,500 ▲ -0.13
Fauji Foods / Jan 23 Fauji Foods Limited(FFL)	24,684,000 ▼ 0.35
Invest Cap. Bank / Jan 23 Invest Capital Investment Bank Limited(ICIBL)	23,728,000 ▼ 0.87
Pak Int.Bulk Ter / Jan 23 Pakistan International Bulk Terminal Limited(PIBTL)	21,726,500 ▼ 0.22
Fauji Fert. Bin / Jan 23 Fauji Fertilizer Bin Qasim Limited(FFBL)	20,997,000 ▼ 0.91
TRG Pak. / Jan 23 TRG Pakistan Limited(TRG)	16,525,000 ▼ 0.18
Hum Network / Jan 23 Hum Network Limited(HUMNL)	16,224,000 ▼ 0.14
SILKBANK / Jan 23 Silkbank Limited(SILK)	14,639,500 ▼ 0.02
Azgard Nine / Jan 23 Azgard Nine Limited(ANL)	14,311,500 ▼ 0.53
Unity Foods / Jan 23 Unity Foods Limited(UNITY)	11,953,194 ▲ -0.29

Markets →

Forex
World
Econ

Currency	Rate
USD PKR Interbank Selling / Jan 23	160.75
USD PKR Interbank Buying / Jan 23	160.65
USD to Japanese Yen / Jan 23	103.81
USD to Swiss Franc / Jan 23	0.89
Pound Sterling to USD / Jan 23	1.37
Euro to USD / Jan 23	1.22

Stock	Volume
S&P 500 / Jan 23	3850.96
India Sensex / Jan 23	48878.54
Tokyo Nikkei / Jan 23	28631.45
Nasdaq / Jan 23	13559.29
Hang Seng / Jan 23	29447.85
FTSE 100 / Jan 23	6695.07
Dow Jones / Jan 23	31048.96
Germany DAX 30 / Jan 23	13873.97
France CAC40 / Jan 23	5559.57

Indicator	Value
UK LIBOR % / Jan 23	0.09

ECB

Asian markets step back from stimulus-driven record highs

Italian yields rise to seven-week high as ECB brings PEPP into focus

Euro gains before ECB meeting; Biden stimulus weighs on dollar

ECB to chart steady course even as the outlook dulls

ECB meets as virus woes weigh on eurozone

ECB to chart steady course even as the outlook dulls

Euro sinks in Europe

Turkish central bank may be rewarded if it holds its nerve

Eurozone banks tighten lending conditions further: ECB

ECB's Centeno says boosting euro's international role is significant challenge

Italian bond yields drop ahead of confidence vote

ECB's latest stimulus expected to have little impact on euro zone economy

ECB to hold course as virus clouds outlook

ECB's Lane faced rare pushback against latest stimulus package

ECB's Lagarde confident on outlook despite virus surge

Digital euro could happen 'within five years': Lagarde

ECB's Lagarde pushes back on gloomy forecasts, sticks to recovery outlook

Euro zone bond yields rise on US reflation trade

England squad barring Moeen test negative for COVID-19 in Sri Lanka

ECB should explore yield curve control, de Cos says

ECB will raise interest rates if needed, but shift can take some time: Weidmann

ECB stands ready to offset exchange rate impact on inflation

ECB injects more stimulus to fight second virus wave

ECB set to boost stimulus to fight second wave of virus: analysts

Pound teeters, dollar dithers as traders look to Brussels

Has the ECB made the wealth gap wider?

Big techs may disrupt European financial system, ECB warns

ECB's De Cos says governing council should increase monetary accommodation

Euro zone budget aid may need to be stepped up: ECB's Knot

ECB may cut support for indebted countries in nudge towards EU loans

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