Trends - European Central Bank

European Central Bank

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

Markets

ECB comments suppress euro, dollar perks up ahead of Fed

ECB governing council member Klaas Knot said the central bank has room to cut its deposit rate further.
The single currency is up almost 15% since March last year, against a dollar that most analysts expect to decline further.

Updated 27 Jan, 2021 11:23pm

Business & Finance

Dollar steadies, euro slips in Europe

LONDON: The dollar steadied, the euro slipped and riskier currencies remained strong on Monday, as currency markets...

Published 26 Jan, 2021 05:05am

Business & Finance

ECB should think green when picking assets: policymakers

ECB Board member Fabio Panetta and Weidmann called for taking climate-related risk into account when conducting monetary policy.
By performing its own analysis of these risks on the basis of rigorous methodologies, the ECB can contribute to the accurate valuation of ... climate-related risks.

Published 25 Jan, 2021 09:19pm

Business & Finance

ECB focuses on bank credit, bonds in gauging financing conditions

Naturally, the focus on credit conditions in the banking system on the one side and the bond markets on the other is consistent with the main methods used by central banks in steering financing conditions.
If favourable financing conditions can be maintained with asset purchase flows that do not exhaust the envelope over the net purchase horizon of the PEPP, the envelope need not be used in full.

Published 25 Jan, 2021 08:36pm

Markets

ECB launches small climate-change unit to lead Lagarde's green push

More significantly, ECB policymakers are also debating what role climate considerations should play in the institution's multi-trillion euro bond-buying programme.

Published 25 Jan, 2021 03:10pm

World

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

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

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

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

Gainers
Losers
Leaders

Stock	Price
Reliance Ins. / Jul 5 Reliance Insurance Company Limited(RICL)	7.50 ▲ 0.96 (14.68%)
Popular Islamic / Jul 5 Popular Islamic Modaraba(PIM)	8.37 ▲ 1.00 (13.57%)
Ashfaq Textile / Jul 5 Ashfaq Textile Mills Limited(ASHT)	9.84 ▲ 0.94 (10.56%)
AKD Hospitality / Jul 5 AKD Hospitality Limited(AKDHL)	177.04 ▲ 12.35 (7.50%)
Allawasaya Tex / Jul 5 Allawasaya Tex. & Finishing Mills Ltd(AWTX)	1639.82 ▲ 114.40 (7.50%)
Sanofi-Aventis / Jul 5 Sanofi-Aventis Pakistan Limited(SAPL)	1327.20 ▲ 92.59 (7.50%)
Crescent Steel / Jul 5 Crescent Steel & Allied Products Limited(CSAP)	46.34 ▲ 3.23 (7.49%)
Feroze 1888 / Jul 5 Feroze1888 Mills Limited(FML)	74.64 ▲ 5.20 (7.49%)
Frontier Ceram / Jul 5 Frontier Ceramics Limited(FRCL)	27.90 ▲ 1.91 (7.35%)
Roshan Packages / Jul 5 Roshan Packages Limited(RPL)	16.29 ▲ 0.79 (5.10%)

Stock	Price
Indus Dyeing / Jul 5 Indus Dyeing & Manufacturing Co. Limited(IDYM)	212.66 ▲ -17.24 (-7.50%)
K.S.B.Pumps / Jul 5 KSB Pumps Company Limited(KSBP)	141.34 ▲ -11.46 (-7.50%)
Universal Network / Jul 5 Universal Network Systems Limited(GEMUNSL)	45.70 ▲ -3.70 (-7.49%)
Hira Textile / Jul 5 Hira Textile Mills Limited(HIRAT)	2.27 ▲ -0.18 (-7.35%)
J.K.Spinning / Jul 5 J.K. Spinning Mills Limited(JKSM)	52.25 ▲ -3.68 (-6.58%)
Adamjee Life Assur. / Jul 5 Adamjee Life Assurance Company Limited(ALIFE)	21.01 ▲ -1.38 (-6.16%)
Huffaz Seamless / Jul 5 Huffaz Seamless Pipe Industries Limited(HSPI)	9.20 ▲ -0.55 (-5.64%)
Kohinoor Textile / Jul 5 Kohinoor Textile Mills Limited(KTML)	49.00 ▲ -2.00 (-3.92%)
Chakwal Spinning / Jul 5 Chakwal Spinning Mills Limited(CWSM)	1.73 ▲ -0.07 (-3.89%)
Soneri Bank Ltd / Jul 5 Soneri Bank Limited(SNBL)	9.15 ▲ -0.30 (-3.17%)

Stock	Volume
WorldCall Telecom / Jul 5 Worldcall Telecom Limited(WTL)	2,058,000 ▼ 0.00
Maple Leaf / Jul 5 Maple Leaf Cement Factory Limited(MLCF)	1,997,359 ▼ 0.00
Pak Refinery / Jul 5 Pakistan Refinery Limited(PRL)	1,555,524 ▼ 0.00
G3 Technologies / Jul 5 G3 Technologies Limited(GTECH)	1,353,500 ▼ 0.00
Azgard Nine / Jul 5 Azgard Nine Limited(ANL)	1,261,000 ▼ 0.00
TPL Properties / Jul 5 TPL Properties Limited(TPLP)	1,098,326 ▼ 0.00
Sui North Gas / Jul 5 Sui Northern Gas Pipelines Limited(SNGP)	1,043,186 ▼ 0.00
Telecard Limited / Jul 5 Telecard Limited(TELE)	726,000 ▼ 0.00
Lotte Chemical / Jul 5 Lotte Chemical Pakistan Limited(LOTCHEM)	673,193 ▼ 0.00
Engro Polymer / Jul 5 Engro Polymer & Chemicals Limited(EPCL)	609,353 ▼ 0.00

Markets →

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Jul 4	205.00
USD PKR Interbank Buying / Jul 4	204.80
USD to Japanese Yen / Jul 4	135.87
USD to Swiss Franc / Jul 4	0.96
Pound Sterling to USD / Jul 4	1.29
Euro to USD / Jul 4	1.04
UK LIBOR % / Jul 4	1.57

Stock	Volume
S&P 500 / Jul 4	3825.33
India Sensex / Jul 4	53234.77
Tokyo Nikkei / Jul 4	26153.81
Nasdaq / Jul 4	11127.84
Hang Seng / Jul 4	21830.35
FTSE 100 / Jul 4	7232.65
Dow Jones / Jul 4	31097.26
Germany DAX 30 / Jul 4	12773.38
France CAC40 / Jul 4	5954.65

Item	Value
Crude Oil USD/Barrel / Jul 4	110.43
Karachi Cotton PKR/37.32 KG / Jul 4	16880.00
Gold 10 Grams PKR / Jul 4	118900.00
Gold Spot USD/Ounce / Jul 4	1809.29
Cotton US¢/pound / Jul 4	97.48

European Central Bank

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