Trends - European Central Bank

European Central Bank

ECB to ‘recalibrate’ stimulus tools as pandemic deepens

Policy unchanged, hints at stimulus to come.
Warns about growth risks.
Outlook deteriorating amid lockdowns.

Published 29 Oct, 2020 07:43pm

Markets

ECB paves way for December stimulus as lockdowns return

Based on its September forecasts, the ECB expects eurozone inflation to inch up to 1.3 percent by 2022, still far off the official target.

Published 29 Oct, 2020 07:23pm

World

ECB's Lagarde says COVID-19 clearly worsening near-term economic outlook

While stimulus measures taken by the ECB since March are helping to underpin economic activity.
Risks are "clearly" tilted to the downside, she told the bank's post-meeting news conference.

Published 29 Oct, 2020 07:05pm

Business & Finance

ECB's De Guindos says mergers can improve banks' profitability

Banks are under pressure in Spain and other European countries to consolidate while facing rising bad loans amid the coronavirus pandemic and low interest rates.

Published 19 Oct, 2020 04:20pm

Business & Finance

ECB's Visco says important for policies to remain accommodating

Visco, who is also the governor of the Bank of Italy, told Bloomberg Television the economy would not return to the situation pre-dating the virus crisis for another couple of years.

Published 16 Oct, 2020 04:07pm

Business & Finance

ECB's Lagarde urges more green finance

The Frankfurt-based institution last month decided to accept a new category of sustainability-linked bonds as collateral for loans to banks from January onwards.

Published 14 Oct, 2020 06:55pm

Markets

ECB must prepare to issue a digital euro, Panetta says

The ECB gave itself until the middle of next year to decide whether to go forward with the project, which is now open for public consultation.

Published 02 Oct, 2020 06:37pm

Business & Finance

ECB's De Cos sees scope for further banking consolidation in Spain and Europe

De Cos also said that the ECB would analyze in the next few months whether to extend a recommendation for banks no to pay dividends.

Published 01 Oct, 2020 03:50pm

Business & Finance

ECB slows bond purchases further in August lull

The ECB, which will update its policy stance on Thursday, bought 78.6 billion euros ($92.95 billion) worth of bonds last month across its different schemes, a 26% drop from July.
Schnabel said she saw no reason for the ECB to add to its stimulus measures at present.

Published 07 Sep, 2020 09:24pm

Markets

ECB policy calibrated to deal with pandemic resurgence, says Schnabel

No need for now to adjust policy stance.
Not worried about exchange rate developments.
Euro zone market fragmentation has declined.
May have to call off in-person meeting on Sept 10.

Published 31 Aug, 2020 06:27pm

Business & Finance

ECB can't fix causes of negative rates, Schnabel says

Like with other unconventional policy measures, side effects are likely to increase over time,
There is considerable uncertainty as to the precise level of the 'reversal rate' and current estimates suggest that the ECB has not reached the effective lower bound.

Published 26 Aug, 2020 06:31pm

Markets

Size of ECB bond buys depend on inflation outlook, Lane says

"The overall envelope of PEPP (Pandemic Emergency Purchase Programme) purchases is a core determinant of the ECB's overall monetary stance," Lane said in a blog post.

Published 04 Aug, 2020 03:22pm

Business & Finance

ECB extends dividend ban, capital relief for euro zone banks

The ECB said banks could withstand a second wave of infections, but it called on authorities to be ready to intervene and prevent a credit crunch, possibly including recapitalisations.

Published 28 Jul, 2020 04:52pm

Business & Finance

ECB tells Monte dei Paschi to boost capital for bad loan deal

The ECB, Monte dei Paschi and the Italian Treasury, which controls the bank.
Monte dei Paschi last month approved a plan to offload more than 8 billion euros in bad and unlikely-to-pay loans to state-owned bad loan manager AMCO, in a move.

Published 24 Jul, 2020 10:52pm

Business & Finance

ECB says it is considering publishing ‘compounded ESTR’ if Euribor disappears

The ECB has launched a public consultation on the specific characteristics of the compounded rates, starting on Friday and ending on Sept 11.

Published 24 Jul, 2020 06:09pm

Business & Finance

Lagarde says ECB expects more grants than loans in EU recovery fund

Leaders of the 27 EU states are due to meet on Friday to try to hammer out their differences over how the 750 billion euro recovery fund will operate.
"Our assumption... is that the recovery fund ... will come about and will be a strong mixture of grants on the one hand in larger proportion than loans on the other

Published 16 Jul, 2020 08:18pm

Business & Finance

ECB takes policy pause even as pandemic worries rise

ECB keeps policy on hold.
Pausing to assess depth of contraction, growth prospects.
EU still to deliver fiscal package to support recovery.
Economists say ECB will act again in time.

Published 16 Jul, 2020 05:02pm

Business & Finance

Balance of risk now more favourable for euro economy: ECB's Knot

"Recent data solidifies the confidence in our baseline scenario with a more favourable balance of risks."
Knot said confidence in this outlook had been bolstered by recent data, which had been better than expected.

Published 03 Jul, 2020 07:14pm

Business & Finance

German MPs adopt motion to shut down ECB bond-buying row

The Federal Constitutional Court (FCC) had in May threatened to block the Bundesbank, the central bank, from taking part in the stimulus plan unless the European Central Bank (ECB)

Published 02 Jul, 2020 11:22pm

Markets

ECB's German board member pushes back on court challenge

Germany's Constitutional Court ruled last month that the ECB overstepped its mandate with 2 trillion euros worth of government bond buys over the past five years.
For the average saver, the additional losses arising from our new policy measures are very small," Schnabel said.

Published 27 Jun, 2020 08:25pm

Business & Finance

Hitting back at German court challenge, ECB defends bond buys

Germany's Constitutional Court ruled last month that the ECB overstepped its mandate with over 2 trillion euros ($2.24 trillion) of government bond purchases.
There was broad agreement among members that while different weights might be attached to th

Published 25 Jun, 2020 06:25pm

Business & Finance

ECB's Lagarde tells EU leaders their economy in ‘dramatic fall’

Lagarde addressed EU leaders meeting via video conference to wrangle over how to engineer a recovery from the crisis.

Published 19 Jun, 2020 04:02pm

Business & Finance

ECB's Enria urges banks to eat into capital and lend

"I hear sometimes that banks might not be willing to use the buffers because of concerns that the ECB would... ask for a fast replenishment of the buffers," Andrea Enria told a virtual meeting of bankers.

Published 12 Jun, 2020 04:27pm

Business & Finance

ECB's actions ‘proportionate’ to the risk it faces, Lagarde says

"Our crisis-related measures are temporary, targeted and proportionate...to the severe risks to our mandate that we are facing," Lagarde told members of the European parliament.

Published 08 Jun, 2020 07:59pm

Business & Finance

ECB's Holzmann says he suggested holding off on stimulus boost

"I agreed with the decision," Holzmann, the governor of the Austrian National Bank, told a news conference, adding that, given current uncertainties

Published 05 Jun, 2020 03:05pm

Business & Finance

ECB sends euro higher, stocks struggle with fatigue

This was beyond what most analysts had predicted and came on the heels of a huge domestic support package from Germany.
Wall Street opened down after figures showed exports had dropped by a record 20.5pc in April to a 10-year low.

Published 04 Jun, 2020 07:17pm

Gainers
Losers
Leaders

Stock	Price
Tri-Star Power / Jul 6 Tri-Star Power Limited(TSPL)	4.70 ▲ 1.00 (27.03%)
F.Credit & Inv / Jul 6 First Credit and Investment Bank Limited(FCIBL)	5.51 ▲ 1.00 (22.17%)
SME Leasing Ltd / Jul 6 SME Leasing Limited(SLL)	2.18 ▲ 0.33 (17.84%)
Kohinoor Power / Jul 6 Kohinoor Power Company Limited(KOHP)	4.36 ▲ 0.59 (15.65%)
S.G.Power / Jul 6 S.G. Power Limited(SGPL)	5.30 ▲ 0.67 (14.47%)
Dewan Sugar / Jul 6 Dewan Sugar Mills Limited(DWSM)	2.49 ▲ 0.24 (10.67%)
Unicap Modaraba / Jul 6 Unicap Modaraba(UCAPM)	1.75 ▲ 0.16 (10.06%)
Land Mark Spinning / Jul 6 Landmark Spinning Industries Limited(LMSM)	13.00 ▲ 1.00 (8.33%)
Balochistan Glass / Jul 6 Balochistan Glass Limited(BGL)	9.05 ▲ 0.66 (7.87%)
Mod.Al-Mali / Jul 6 Modaraba Al-Mali(MODAM)	6.90 ▲ 0.50 (7.81%)

Stock	Price
First Fidelity Leas. / Jul 6 First Fidelity Leasing Modaraba(FFLM)	2.51 ▲ -0.86 (-25.52%)
Tri-Star Mutual / Jul 6 Tri-Star Mutual Fund Limited(TSMF)	4.85 ▲ -1.00 (-17.09%)
Zephyr Textile / Jul 6 Zephyr Textiles Limited(ZTL)	10.00 ▲ -0.90 (-8.26%)
AKD Hospitality / Jul 6 AKD Hospitality Limited(AKDHL)	163.77 ▲ -13.27 (-7.50%)
K.S.B.Pumps / Jul 6 KSB Pumps Company Limited(KSBP)	130.74 ▲ -10.60 (-7.50%)
Punjab Oil / Jul 6 Punjab Oil Mills Limited(POML)	172.84 ▲ -14.01 (-7.50%)
TPL Insurance / Jul 6 TPL Insurance Limited(TPLI)	30.60 ▲ -2.47 (-7.47%)
Mehmood Tex / Jul 6 Mehmood Textile Mills Limited(MEHT)	840.00 ▲ -60.00 (-6.67%)
Reliance Weaving / Jul 6 Reliance Weaving Mills Limited(REWM)	63.50 ▲ -4.45 (-6.55%)
Bawany Air Products / Jul 6 Bawany Air Products Limited(BAPL)	8.85 ▲ -0.60 (-6.35%)

Stock	Volume
Agritech Limited / Jul 6 Agritech Limited(AGL)	25,038,000 ▼ 0.00
Unity Foods Ltd / Jul 6 Unity Foods Limited(UNITY)	5,378,891 ▼ 0.00
Azgard Nine / Jul 6 Azgard Nine Limited(ANL)	3,598,000 ▼ 0.00
Lotte Chemical / Jul 6 Lotte Chemical Pakistan Limited(LOTCHEM)	3,183,254 ▼ 0.00
Sui North Gas / Jul 6 Sui Northern Gas Pipelines Limited(SNGP)	2,727,149 ▼ 0.00
WorldCall Telecom / Jul 6 Worldcall Telecom Limited(WTL)	2,601,000 ▼ 0.00
Pak Refinery / Jul 6 Pakistan Refinery Limited(PRL)	2,597,652 ▼ 0.00
Fauji Cement / Jul 6 Fauji Cement Company Limited(FCCL)	2,144,000 ▼ 0.00
TPL Properties / Jul 6 TPL Properties Limited(TPLP)	1,949,194 ▼ 0.00
G3 Technologies / Jul 6 G3 Technologies Limited(GTECH)	1,916,500 ▼ 0.00

Markets →

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Jul 5	206.90
USD PKR Interbank Buying / Jul 5	206.70
USD to Japanese Yen / Jul 5	135.24
USD to Swiss Franc / Jul 5	0.97
Pound Sterling to USD / Jul 5	1.20
Euro to USD / Jul 5	1.03
UK LIBOR % / Jul 5	1.57

Stock	Volume
S&P 500 / Jul 5	3831.39
India Sensex / Jul 5	53134.35
Tokyo Nikkei / Jul 5	26077.04
Nasdaq / Jul 5	11322.24
Hang Seng / Jul 5	21621.01
FTSE 100 / Jul 5	7025.47
Dow Jones / Jul 5	30967.82
Germany DAX 30 / Jul 5	12401.20
France CAC40 / Jul 5	5794.96

Item	Value
Crude Oil USD/Barrel / Jul 5	100.33
Karachi Cotton PKR/37.32 KG / Jul 5	16680.00
Gold 10 Grams PKR / Jul 5	118800.00
Gold Spot USD/Ounce / Jul 5	1770.30
Cotton US¢/pound / Jul 5	93.42

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