Trends - European Central Bank

European Central Bank

Europe will need fiscal help into 2022: Lagarde

Lagarde also called on European Union leaders to kick start the bloc's 750 billion euro Next Generation EU spending package as some economic restrictions could remain in place until the second half of the year.

Updated 11 Feb, 2021 12:30am

Business & Finance

Monte dei Paschi says cash call in limbo as losses soar

Annual losses up more than 60%, hit by one-off provisions.
Net interest income down 14%, fees hold up.
In talks with EU and ECB over capital increase plans.

Published 10 Feb, 2021 06:00pm

Markets

Euro zone citizens give ECB's low rates the thumbs down

Roughly half of the respondents came from the Netherlands or Germany - two savings-rich countries where these problems have been felt more acutely.

Published 08 Feb, 2021 11:20pm

Markets

German Bund yields rise on reflation bets, Italian yields down

Hopes that a $1.9 trillion aid package will be passed in the US as soon as this month, boosting growth and inflation.
Italy, which last week saw the biggest weekly fall in 10-year bond yields in months, remained in focus in the euro area.

Published 08 Feb, 2021 05:36pm

ECB’s Lagarde says cancelling Covid debts ‘unthinkable’

PARIS: European Central Bank (ECB) chief Christine Lagarde on Sunday rejected calls to cancel debts run up by...

Updated 08 Feb, 2021 09:22am

Business & Finance

European economists urge debt cancellation

PARIS: More than 100 economists called Friday on the ECB to give a 2.5-trillion-euro ($3.0-trillion) boost the...

Published 06 Feb, 2021 04:06am

World

Draghi calls for ‘unity’ as tries to form Italian govt

ROME: Former European Central Bank chief Mario Draghi urged Italy’s splintered parties Wednesday to get behind him...

Updated 04 Feb, 2021 10:01am

Markets

European shares rise

MILAN/FRANKFURT: European shares rose on Wednesday as focus remained on a busy day of earnings, with Italian shares...

Published 04 Feb, 2021 04:13am

Business & Finance

Euro drops against dollar in Europe

LONDON: The euro dropped to a two-month low against the dollar on Wednesday, trading just above $1.20, as investors...

Published 04 Feb, 2021 04:13am

Markets

Ex-ECB chief Draghi called in after Italy govt talks fail

President Sergio Mattarella's spokesman said he had asked the former head of the European Central Bank to meet with him for talks on Wednesday.

Published 03 Feb, 2021 09:37am

Business & Finance

Sterling gains broadly

LONDON: Sterling gained against both the dollar and the euro on Tuesday as analysts bet a faster pace of ...

Published 03 Feb, 2021 04:35am

Markets

ECB keeps Italian debt purchase steady through govt crisis

Investors have been wondering whether the ECB was once again helping keep a yield on Italian bond yields since mid-January, when an unfolding government crisis only spurred a muted market reaction.
The ECB bought 18.1 billion euros of Italian debt over the last two months under its pandemic-fighting programme plus an additional 3 billion euros under its regular stimulus scheme.

Published 01 Feb, 2021 09:41pm

Markets

Stock markets rally could be fuelled by recovery hopes: ECB’s Knot

AMSTERDAM: The continuing rise of stock markets worldwide could be the result of growing hopes of economic recovery,...

Updated 01 Feb, 2021 09:06am

Business & Finance

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

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Apr 26	278.58
USD PKR Interbank Buying / Apr 26	278.28
USD to Japanese Yen / Apr 26	158.33
USD to Swiss Franc / Apr 26	0.91
Pound Sterling to USD / Apr 26	1.25
Euro to USD / Apr 26	1.07

Stock	Volume
S&P 500 / Apr 26	5099.96
India Sensex / Apr 26	73730.16
Tokyo Nikkei / Apr 26	37934.76
Nasdaq / Apr 26	15927.90
Hang Seng / Apr 26	17651.15
FTSE 100 / Apr 26	8139.83
Dow Jones / Apr 26	38239.66
Germany DAX 30 / Apr 26	18161.01

Item	Value
Crude Oil USD/Barrel / Apr 26	83.85
Karachi Cotton PKR/37.32 KG / Apr 26	20535
Gold 10 Grams PKR / Apr 26	210048
Gold Spot USD/Ounce / Apr 26	2337.96
Cotton US¢/pound / Apr 26	80.90
Petrol/Litre / Apr 28	293.94

Gainers
Losers
Leaders

Stock	Price
786 Invest Ltd / Apr 28 786 Investments Limited(786)	5 ▼ 0.00 (0.00%)
AL-Abbas Sugar / Apr 28 Al-Abbas Sugar Mills Limited(AABS)	585 ▼ 0.00 (0.00%)
Agro Allianz / Apr 28 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / Apr 28 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / Apr 28 Ali Asghar Textile Mills Limited(AATM)	2.07 ▼ 0.00 (0.00%)
Allied Bank / Apr 28 Allied Bank Limited(ABL)	87.10 ▼ 0.00 (0.00%)
Abbott Lab. / Apr 28 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▼ 0.00 (0.00%)
Abson Ind. / Apr 28 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / Apr 28 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / Apr 28 786 Investments Limited(786)	5 ▲ 0.00 (0.00%)
AL-Abbas Sugar / Apr 28 Al-Abbas Sugar Mills Limited(AABS)	585 ▲ 0.00 (0.00%)
Agro Allianz / Apr 28 Agro Allianz Limited(AAL)	16 ▲ 0.00 (0.00%)
AL-Abid Silk / Apr 28 Al-Abid Silk Mills Limited(AASM)	3.49 ▲ 0.00 (0.00%)
Ali Asghar / Apr 28 Ali Asghar Textile Mills Limited(AATM)	2.07 ▲ 0.00 (0.00%)
Allied Bank / Apr 28 Allied Bank Limited(ABL)	87.10 ▲ 0.00 (0.00%)
Abbott Lab. / Apr 28 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▲ 0.00 (0.00%)
Abson Ind. / Apr 28 Abson Industries Limited(ABSON)	2.50 ▲ 0.00 (0.00%)
Alfalah ETF. / Apr 28 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▲ 0.00 (0.00%)

Stock	Volume
P.I.A.C.(A) / Apr 28 Pakistan International Airlines Corp(PIAA)	47,200,500 ▲ 0.00
Cnergyico PK / Apr 28 Cnergyico PK Limited(CNERGY)	29,719,327 ▲ 0.00
Pak Petroleum / Apr 28 Pakistan Petroleum Limited(PPL)	21,170,581 ▲ 0.00
Pak Refinery / Apr 28 Pakistan Refinery Limited(PRL)	16,965,134 ▲ 0.00
The Searle Co. / Apr 28 The Searle Company Limited(SEARL)	15,793,227 ▲ 0.00
P.T.C.L. / Apr 28 Pakistan Telecommunication Company Ltd(PTC)	15,054,641 ▲ 0.00
K-Electric Ltd. / Apr 28 K-Electric Limited(KEL)	14,145,556 ▲ 0.00
WorldCall Telecom / Apr 28 Worldcall Telecom Limited(WTL)	13,158,668 ▲ 0.00
Telecard Limited / Apr 28 Telecard Limited(TELE)	12,358,668 ▲ 0.00

Markets →

Calculate your monthly liability in FY24

European Central Bank

Most Popular