Trends - European Central Bank

European Central Bank

Proportion of fake euro notes seized at record low

FRANKFURT AM MAIN: A record low proportion of fake euro banknotes were seized in 2020, according to European Central...

Published 23 Jan, 2021 03:56am

Markets

Copper slips as China’s coronavirus outbreak raises demand fears

LONDON: Copper fell on Friday alongside stock markets and oil prices as poor economic data and new coronavirus...

Published 23 Jan, 2021 03:56am

Markets

FX traders brush off ECB talk, bet euro-dollar has further to run

European Central Bank boss Christine Lagarde said on Thursday the bank was closely watching the euro, which surged 9% last year to above $1.23, its biggest annual gain in four years.
It's a headwind for exporters too as companies in Germany's DAX index derive 70% of their sales outside Europe.

Published 22 Jan, 2021 09:25pm

Markets

Italian risk premium highest since November as focus shifts to elections

Italian bond yields rise further as politicians cast attention on snap elections.
Risk premium rises to highest since November.
10-year yields set for biggest weekly jump since April.
German yields dip after PMI readings.

Updated 22 Jan, 2021 09:04pm

Markets

Stocks weaken, most currencies ease as risk-on rally halts

Stocks in the CEE region fell, tracking the decline of their European peers as data showed euro zone business activity shrank in January amid renewed coronavirus lockdowns.
Budapest's index led losses, falling 1.31%. Warsaw lost 0.55%. Bucharest was down 0.41%.

Published 22 Jan, 2021 05:13pm

Markets

Dollar's bounce fades as risk appetite rises

The dollar was steady against the Japanese yen on Friday at 103.58, but has lost 0.3% over the week.

Published 22 Jan, 2021 10:43am

Markets

European stocks rise

MILAN/FRANKFURT: European stocks rose on Thursday on hopes of a large US stimulus plan under new President Joe ...

Published 22 Jan, 2021 04:47am

Business & Finance

Eurozone banks tighten lending conditions further: ECB

FRANKFURT AM MAIN: Eurozone banks further tightened conditions for approving loans in the fourth quarter of 2020, a...

Published 22 Jan, 2021 04:47am

Business & Finance

Worsening pandemic poses 'serious risks', ECB's Lagarde warns

FRANKFURT AM MAIN: European Central Bank chief Christine Lagarde warned on Thursday that the pandemic still poses...

Published 22 Jan, 2021 04:47am

Business & Finance

Euro clings to gains in Europe

LONDON: The euro clung to its gains on Thursday after the European Central Bank stuck to its monetary policy while...

Published 22 Jan, 2021 04:47am

Markets

Worsening pandemic poses 'serious risks', ECB's Lagarde warns

Lagarde said the ECB's forecasts "remain valid" for now, as they took into account lockdowns persisting through the first quarter coupled with a gradual start to vaccinations.

Published 21 Jan, 2021 08:56pm

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

Early trade in New York: Dollar rises as growth worries weigh on euro

NEW YORK: The dollar edged higher against the euro on Wednesday as the risk of extended lockdowns in Europe to ...

Published 21 Jan, 2021 04:23am

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

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

Italian bond yields creep up before key votes in parliament

Italy's Conte faces 2 days of parliamentary votes.
BTP/Bund spread at 113 bps vs low of 98 bps week ago.
Markets look ahead to Thursday ECB meeting.

Published 18 Jan, 2021 04:41pm

Business & Finance

ECB's Stournaras: Many euro zone banks underestimate credit losses from pandemic

There is a widespread view that many banks in the euro area underestimate their credit losses due to the pandemic.
Despite a projected economic recovery in 2021, risks remain elevated, he said.

Published 15 Jan, 2021 07:44pm

Business & Finance

ECB debated smaller stimulus package: accounts

The ECB approved fresh stimulus measures at the meeting, hoping to keep borrowing costs depressed until the bloc is ready to reopen.
It was argued that the focus on preserving favourable financing conditions implied a move away from a constant monthly pace of purchases towards adjusting the pace according to market conditions.

Published 14 Jan, 2021 08:04pm

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

Markets

ECB's Lagarde calls for regulating Bitcoin's ‘funny business’

Lagarde did not provide specific examples of money laundering cases but said she understood there had been criminal investigations into illegal activity. She did not elaborate.

Published 14 Jan, 2021 01:11pm

Business & Finance

Italian government bond yields fall amid political uncertainty

Other European government bond yields were also lower, but the drop was more moderate, with peripheral countries roughly in line with the core, tracking U.S. Treasuries.

Published 14 Jan, 2021 12:38am

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

Markets

ECB's Lagarde calls for regulating Bitcoin's ‘funny business’

Bitcoin has come out of its niche in recent years and is now bought by ordinary people, investment funds and even large corporations.
(Bitcoin) is a highly speculative asset, which has conducted some funny business and some interesting and totally reprehensible money laundering activity,

Published 13 Jan, 2021 06:11pm

Business & Finance

Italian bond yields jump on political uncertainty, 5-year yields turn positive

Italia Viva could bring down Conte's government and unleash political chaos as Italy struggles to contain the COVID-19 pandemic.

Published 13 Jan, 2021 12:07am

Business & Finance

Telecom Italia debuts on green bond market with 1-bn-euro sale

Former phone monopoly drew over 3.9 billion euros – lead.
Final guidance on price points to yield of 1.75%.
TIM aims to modernise its networks to cut carbon footprint.

Published 11 Jan, 2021 08:31pm

Markets

Euro zone bond yields fall, ignoring US Treasuries

US bond borrowing costs could be headed still higher after reaching 1% this week, on expectations a Democrat-controlled Congress will have the clout to pass more fiscal stimulus.
Germany's benchmark 10-year Bund yield fell 1 basis point to -0.524%.

Published 08 Jan, 2021 04:23pm

World

Euro zone contraction deeper than thought in Dec but optimism rose

With infection rates soaring across Europe, countries have clamped down on public life.
IHS Markit's final December Composite Purchasing Managers' Index (PMI), seen as a good gauge of economic health.

Published 06 Jan, 2021 05:52pm

Markets

Investors pile into euro zone bonds as 2021 debt sales kick off

Germany sold around 4.8 billion euros ($5.90 billion) worth of 2-year Schatz.
We have the steady drumbeat of negative COVID news and that is something relatively key to the ECB pledges to buy bonds and to support the economy.

Published 05 Jan, 2021 06:46pm

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 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

Gainers
Losers
Leaders

Stock	Price
Dandot Cement / Jan 24 Dandot Cement Company Limited(DNCC)	11.15 ▲ 0.47 (11.39%)
Saritow Sp. / Jan 24 Saritow Spinning Mills Limited(SSML)	11.20 ▲ 0.20 (8.32%)
Summit Bank / Jan 24 Summit Bank Limited(SMBL)	1.99 ▲ 0.10 (7.57%)
1st Dawood / Jan 24 First Dawood Investment Bank Limited(FDIBL)	2.72 ▲ 0.39 (3.82%)
Pakgen Power / Jan 24 Pakgen Power Limited(PKGP)	30.20 ▲ 0.05 (3.82%)
Samba Bank / Jan 24 Samba Bank Limited(SBL)	7.90 ▲ 0.20 (3.67%)
Chakwal Spinng / Jan 24 Chakwal Spinning Mills Limited(CWSM)	2.09 ▲ 0.06 (3.47%)
Merit Packaging / Jan 24 Merit Packaging Limited(MERIT)	15.70 ▼ 0.00 (3.29%)
Shell Pak. (R) / Jan 24 Shell (Pakistan) Ltd (R)(SHELR)	90.57 ▼ -1.85 (3.26%)
Saudi Pak Leas. / Jan 24 Saudi Pak Leasing Company Limited(SPLC)	1.96 ▲ 0.31 (3.16%)

Stock	Price
Bawany Air / Jan 24 Bawany Air Products Limited(BAPL)	20.10 ▼ 1.85 (-8.43%)
Shaheen Ins. / Jan 24 Shaheen Insurance Company Limited(SHNI)	4.51 ▼ 0.06 (-7.96%)
Habib Ins. / Jan 24 Habib Insurance Company Limited(HICL)	7.51 ▼ 0.59 (-7.28%)
Tri-Star Power / Jan 24 Tri-Star Power Limited(TSPL)	5.32 ▼ 0.45 (-4.49%)
Grays Leas. / Jan 24 Grays Leasing Limited(GRYL)	5.12 ▼ 0.69 (-4.12%)
Faysal Bank / Jan 24 Faysal Bank Limited(FABL)	20.50 ▼ 0.35 (-3.53%)
Aisha Steel / Jan 24 Aisha Steel Mills Limited(ASL)	23.75 ▼ 0.53 (-3.46%)
Soneri Bank / Jan 24 Soneri Bank Limited(SNBL)	10.70 ▼ 0.29 (-3.17%)
Rupali / Jan 24 Rupali Polyester Limited(RUPL)	30.50 ▼ 0.89 (-2.84%)
Netsol Tech. / Jan 24 NetSol Technologies Limited(NETSOL)	186.53 ▼ 4.43 (-2.81%)

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

European Central Bank

Proportion of fake euro notes seized at record low

Copper slips as China’s coronavirus outbreak raises demand fears

FX traders brush off ECB talk, bet euro-dollar has further to run

Italian risk premium highest since November as focus shifts to elections

Stocks weaken, most currencies ease as risk-on rally halts

Dollar's bounce fades as risk appetite rises

European stocks rise

Eurozone banks tighten lending conditions further: ECB

Worsening pandemic poses 'serious risks', ECB's Lagarde warns

Euro clings to gains in Europe

Worsening pandemic poses 'serious risks', ECB's Lagarde warns

ECB to chart steady course even as the outlook dulls

Early trade in New York: Dollar rises as growth worries weigh on euro

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

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

Italian bond yields creep up before key votes in parliament

ECB's Stournaras: Many euro zone banks underestimate credit losses from pandemic

ECB debated smaller stimulus package: accounts

ECB's Lane faced rare pushback against latest stimulus package

ECB's Lagarde calls for regulating Bitcoin's ‘funny business’

Italian government bond yields fall amid political uncertainty

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

ECB's Lagarde calls for regulating Bitcoin's ‘funny business’

Italian bond yields jump on political uncertainty, 5-year yields turn positive

Telecom Italia debuts on green bond market with 1-bn-euro sale

Euro zone bond yields fall, ignoring US Treasuries

Euro zone contraction deeper than thought in Dec but optimism rose

Investors pile into euro zone bonds as 2021 debt sales kick off

ECB should explore yield curve control, de Cos says

ECB stands ready to offset exchange rate impact on inflation

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