Trends - European Central Bank

European Central Bank

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

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

Markets

ECB expects 10-12 billion euros in bank dividends this year

"We expect dividend payments in the 10 to 12 billion euros region, so roughly a third of what European banks pay in a normal year," Enria said.

Published 16 Dec, 2020 07:43pm

Business & Finance

ECB eases COVID-19 crisis ban on dividends as outlook improves

Payout cap set at 15% of 2019/20 profits.
ECB urges 'extreme moderation' with bonuses.

Published 16 Dec, 2020 12:38am

Business & Finance

Germany earned 7bn euros from new bonds this year

The average yield on new German bonds issued until end of November was -0.56 percent, resulting in revenues of 7.07 billion euros, according to the finance ministry document.

Published 15 Dec, 2020 03:43pm

Business & Finance

With eye on exchange rate, Panetta says ECB ready to do more

"We stand ready to adjust all our instruments if downside risks to the outlook materialise, including those stemming from exchange rate dynamics," Panetta said.

Published 14 Dec, 2020 03:10pm

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