Trends - ECB - Business Recorder

ECB

Euro zone bond yields flat, Italy's new issuance in focus

Italy started the process of selling new 50-year and 7-year bonds via a syndicate of banks on Wednesday, having flagged the new issues the previous day.

Updated 08 Apr, 2021 09:06am

Business & Finance

Robust euro zone rebound could let ECB start winding down PEPP from Q3, Knot says

Short-term risks rising but robust H2 recovery seen.
Comfortable with current level of financing conditions.
End of PEPP not end of ECB accommodation.

Updated 07 Apr, 2021 08:04pm

Markets

Robust euro zone rebound could let ECB start winding down PEPP from Q3, Knot says

Once recovery starts to take hold and investors buy into risk-bearing instruments, nominal bond yields will inevitably move higher and "no amount" of ECB buying can completely undo that.

Published 07 Apr, 2021 01:56pm

Sports

ECB to explore use of COVID-19 passports to help fans return

Snowball also said the domestic game was projecting losses in excess of 100 million pounds ($137.22 million) by the end of April due to the impact of the pandemic.

Published 31 Mar, 2021 12:33pm

Business & Finance

Euro slips in Europe

ROTTERDAM/LONDON: The euro languished below $1.18 on Monday as the prospect of tougher coronavirus curbs in France...

Published 30 Mar, 2021 05:45am

Business & Finance

Deutsche Bank boosts bonuses despite criticism

FRANKFURT AM MAIN: Germany’s largest lender Deutsche Bank announced Friday a 29-percent hike in 2020 bonuses...

Updated 26 Mar, 2021 09:25am

Markets

German 10-year yield falls to February low as pandemic concerns weigh

The number of new confirmed coronavirus cases in Germany rose the most since Jan. 9, while the number of people with COVID-19 in French intensive care units set a high for 2021.

Published 25 Mar, 2021 11:48pm

Markets

German 10-year bond yields hit 5-week low, strong PMI stems fall

The news tempered the rally in bond markets but yields were set to end the day lower and prices higher, as a note of caution prevailed.

Published 24 Mar, 2021 11:51pm

Markets

Gold extends losses as US bond yields firm, dollar rebounds

The European Central Bank may need some time before the recently agreed acceleration in the pace of money printing, ECB President Christine Lagarde said on Thursday.

Published 19 Mar, 2021 10:06am

Business & Finance

ECB can accept limited deposit insurance scheme as first step

"In my view, this hybrid model could be a possible compromise way forward, as long as an EDIS with full risk-sharing, covering both liquidity needs and losses in the steady state, remains the end goal," de Guindos said in a speech.

Published 18 Mar, 2021 08:27pm

Business & Finance

German yields rise with US treasuries as ECB impact fades

AMSTERDAM: Benchmark German government bonds gave up gains made a day earlier when the European Central Bank said it...

Published 15 Mar, 2021 05:22am

Markets

German yields rise with US treasuries as ECB impact fades

Ten-year US Treasury yields rose to over 1.63%, their highest level since February 2020 and their German equivalents, the benchmark for the region, rose as high as -0.293%.
Italian 10-year yields, which outperformed the market on Thursday as the country is among the top beneficiaries of ECB bond buying, were up 5 basis points at 0.63%.

Published 12 Mar, 2021 09:36pm

Business & Finance

ECB to accelerate bond buys on rates fears

FRANKFURT AM MAIN: The European Central Bank said Thursday it would significantly ramp up the pace of its pandemic...

Published 12 Mar, 2021 05:10am

Business & Finance

ECB policymakers agree on bond purchase target, differ on yield level aim

The sources said policymakers set on a monthly target for the its Pandemic Emergency Purchase Programme with a small tolerance band around it but agreed not to reveal it.
One of the sources said the ECB aimed to push down yields to where they were in December while another said improved economic prospects meant part of the recent increase in yields was justified.

Updated 11 Mar, 2021 10:04pm

Markets

Stocks rises as ECB fires bazooka, US sheds less jobs

Frankfurt's DAX hit a fresh record high, while Paris's CAC 40 also set a fresh one-year high.

Published 11 Mar, 2021 09:08pm

Markets

Tech shares rally as ECB speeds bond purchases

About 30 minutes into trading, the Dow Jones Industrial Average was up 0.7 percent at 32,523.41, adding to Wednesday's record close.

Published 11 Mar, 2021 09:06pm

Business & Finance

ECB signals faster money-printing to combat rise in yields

Signals faster bond buys in coming quarter.
Overall policy package unchanged.
Reaffirms commitment to keep borrowing costs down.

Updated 11 Mar, 2021 10:02pm

Markets

Tokyo stocks open slightly higher ahead of ECB

Sony was down 0.50 percent at 10,945 yen and Panasonic was off 1.80 percent at 1,308.5 yen.

Published 11 Mar, 2021 10:25am

Business & Finance

ECB blames redemptions as emergency bond buys slow

The ECB bought 11.9 billion euros worth of bonds under its Pandemic Emergency Purchase Programme (PEPP) in the five days to March 5, slightly less than in the previous week.
An ECB spokesman said the net purchases were affected by "seasonality factors", particularly large redemptions, which "temporarily delayed" an increase in the ECB's bond pile.

Published 08 Mar, 2021 08:13pm

Markets

Rising euro zone yields may reflect better growth, inflation

Some policymakers argue that the steady increase in bond yields is an unwarranted increase while others argue that it is a reflection of what is likely to be a robust recovery in both growth and inflation after the pandemic.

Published 04 Mar, 2021 01:54pm

World

Euro zone inflation could exceed forecasts this year: De Guindos

Growth on the other hand could fall short of projections in the first quarter due to widespread pandemic-related restrictions, even if full-year activity is still seen in line with the bank's 3.9% projection made in December, de Guindos said in a webinar with investment bank Berenberg.

Updated 03 Mar, 2021 08:45pm

Business & Finance

Rising euro zone rates a drag on growth, inflation, says ECB's De Cos

"These developments underline the importance of avoiding premature increases in nominal interest rates," de Cos added.
The ECB will next meet on March 11 and while an outright increase in the 1.85 trillion-euro Pandemic Emergency Bond Purchase quota is not likely, the ECB could say it will increase the flow of purchases to cap yields.

Published 03 Mar, 2021 06:29pm

Markets

Euro zone bond yields stabilise; markets focus on ECB policy hints

The spread between Italian and German 10-year yields narrowed, to 101.3 bps.

Updated 03 Mar, 2021 03:00pm

Markets

ECB bought 23.5bn euros worth of bonds last week before redemptions

The large redemptions meant the ECB added just 13.7 billion euros worth of debt to its holdings in the five days to Feb. 26, less than some investors were expecting.

Published 02 Mar, 2021 08:25pm

Business & Finance

ECB plans closer scrutiny of bank boards

The ECB already examines the suitability of board candidates in a so-called fit and proper assessment, but rules across the 19 euro zone members vary, so the quality of these checks can be inconsistent.
Supervisors will consider furthermore all of the diversity-related aspects that are most relevant to enhancing the individual and collective leadership of boards.

Published 19 Feb, 2021 07:55pm

Opinion

EU faces bankruptcies and bad loans as COVID-19 help for firms ends: EU document

The European Union is facing a surge in bankruptcies and bad loans once the post-pandemic economic recovery starts ...

Published 12 Feb, 2021 04:54am

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

Business & Finance

Italian bond yields hit 1-month low as Draghi inches closer

Bond markets are clearly indicating a lower perceived risk premium in Italy, which is good news for the broader European story.
Italy's 10-year bond yield was almost one bps lower at 0.508%, hovering around one-month lows.

Published 09 Feb, 2021 08:31pm

World

Italy's Draghi holds final round of talks on new govt

Italy has been without a fully functioning government for almost a month since the centre-left coalition collapsed, forcing Giuseppe Conte to resign as prime minister.

Published 08 Feb, 2021 09:38pm

World

Italy's Draghi set for final round of talks on new govt

Draghi is expected to report back on Wednesday to President Sergio Mattarella on whether he can form a government.

Published 08 Feb, 2021 08:13pm

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / May 3	278.23
USD PKR Interbank Buying / May 3	278.03
USD to Japanese Yen / May 3	152.98
USD to Swiss Franc / May 3	0.91
Pound Sterling to USD / May 3	1.26
Euro to USD / May 3	1.07

Stock	Volume
S&P 500 / May 1	5018.39
Nasdaq / May 1	15605.48
Dow Jones / May 1	37903.29
Tokyo Nikkei / May 2	38236.07
India Sensex / May 3	74412.88
Hang Seng / May 3	18417.07
FTSE 100 / May 3	8208.23
Germany DAX 30 / May 3	17993.66

Item	Value
Karachi Cotton PKR/37.32 KG / May 2	20000
Petrol/Litre / May 3	288.49
Crude Oil USD/Barrel / May 3	79.12
Gold 10 Grams PKR / May 3	205418
Gold Spot USD/Ounce / May 3	2308.69
Diesel/Litre / May 3	281.96

Gainers
Losers
Leaders

Stock	Price
786 Invest Ltd / May 3 786 Investments Limited(786)	5 ▼ 0.00 (0.00%)
AL-Abbas Sugar / May 3 Al-Abbas Sugar Mills Limited(AABS)	585 ▼ 0.00 (0.00%)
Agro Allianz / May 3 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / May 3 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / May 3 Ali Asghar Textile Mills Limited(AATM)	2.07 ▼ 0.00 (0.00%)
Allied Bank / May 3 Allied Bank Limited(ABL)	87.10 ▼ 0.00 (0.00%)
Abbott Lab. / May 3 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▼ 0.00 (0.00%)
Abson Ind. / May 3 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / May 3 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / May 3 786 Investments Limited(786)	5 ▲ 0.00 (0.00%)
AL-Abbas Sugar / May 3 Al-Abbas Sugar Mills Limited(AABS)	585 ▲ 0.00 (0.00%)
Agro Allianz / May 3 Agro Allianz Limited(AAL)	16 ▲ 0.00 (0.00%)
AL-Abid Silk / May 3 Al-Abid Silk Mills Limited(AASM)	3.49 ▲ 0.00 (0.00%)
Ali Asghar / May 3 Ali Asghar Textile Mills Limited(AATM)	2.07 ▲ 0.00 (0.00%)
Allied Bank / May 3 Allied Bank Limited(ABL)	87.10 ▲ 0.00 (0.00%)
Abbott Lab. / May 3 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▲ 0.00 (0.00%)
Abson Ind. / May 3 Abson Industries Limited(ABSON)	2.50 ▲ 0.00 (0.00%)
Alfalah ETF. / May 3 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▲ 0.00 (0.00%)

Stock	Volume
P.I.A.C.(A) / May 3 Pakistan International Airlines Corp(PIAA)	47,200,500 ▲ 0.00
Cnergyico PK / May 3 Cnergyico PK Limited(CNERGY)	29,719,327 ▲ 0.00
Pak Petroleum / May 3 Pakistan Petroleum Limited(PPL)	21,170,581 ▲ 0.00
Pak Refinery / May 3 Pakistan Refinery Limited(PRL)	16,965,134 ▲ 0.00
The Searle Co. / May 3 The Searle Company Limited(SEARL)	15,793,227 ▲ 0.00
P.T.C.L. / May 3 Pakistan Telecommunication Company Ltd(PTC)	15,054,641 ▲ 0.00
K-Electric Ltd. / May 3 K-Electric Limited(KEL)	14,145,556 ▲ 0.00
WorldCall Telecom / May 3 Worldcall Telecom Limited(WTL)	13,158,668 ▲ 0.00
Telecard Limited / May 3 Telecard Limited(TELE)	12,358,668 ▲ 0.00

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