Trends - European Central Bank

European Central Bank

ECB debated 750bn euros bond buys before settling for less

The expansion of the ECB's Pandemic Emergency Purchase Programme was the centre-piece of the ECB's pandemic-fighting package, which was unveiled on Thursday after a tense meeting.

Published 11 Dec, 2020 06:17pm

Markets

Sterling slips in Brexit countdown, Aussie rallies

It last traded at $0.7547 and is set for a sixth consecutive weekly rise. Over that time, it has gained five cents, or 7% against the dollar.

Published 11 Dec, 2020 11:34am

Markets

Gold inches up as weaker dollar outweighs US stimulus worries

Gold is seen as a hedge against inflation and currency debasement likely to result from large stimulus measures.

Published 11 Dec, 2020 10:51am

Business & Finance

ECB to monitor euro appreciation 'very carefully'

The ECB has so far said simply that it would monitor developments in the exchange rate as the euro scaled new 2-1/2 year highs against the U.S. dollar at $1.2177.

Published 10 Dec, 2020 07:08pm

Business & Finance

Euro zone periphery's yields fall to record lows before ECB meets

Germany's 10-year bond yield was down 1 basis point, after reaching its lowest since Nov. 9 at -0.618pc.

Published 10 Dec, 2020 06:11pm

Business & Finance

ECB to unveil yet another anti-pandemic package

Rate-setters have made clear, however, that it is up to governments to handle the pandemic and that the ECB's job is merely to make funding cheap.

Published 10 Dec, 2020 05:34pm

Markets

European shares steady ahead of ECB decision; FTSE 100 shines on weaker pound

Around $1 trillion in annual trade, currently free from tariffs and quotas, is at stake if there is no agreement.

Published 10 Dec, 2020 01:34pm

Markets

Gold falls as investors fret over US stimulus delay

Spot gold slipped 0.2% to $1,835.40 per ounce by 0707 GMT, after falling as much as 2.5% on Wednesday. US gold futures were steady at $1,839.20.

Published 10 Dec, 2020 12:40pm

Markets

Australia, NZ dollars tread water ahead of Brexit talks, US stimulus

Closer to home, a gauge of Australian consumer sentiment hit a 10-year high in a sign domestic activity will remain strong in the final quarter of 2020 after a stellar third-quarter.

Published 09 Dec, 2020 09:43am

Business & Finance

Piraeus Bank misses CoCo bond coupon payment, bank rescue fund to raise stake

The European Central Bank last month rejected Piraeus' request to pay the coupon.
"A trigger event has occurred on December 2nd 2020, causing the conversion of the CoCo to ordinary shares.

Published 08 Dec, 2020 02:13am

Business & Finance

ECB sees lower inflation but growth outlook brighter: de Guindos

The central bank has said it will announce the terms of its new stimulus package, mainly consisting of more bond purchases and subsidised loans to banks, at its December meeting.

Published 28 Nov, 2020 04:08pm

Markets

ECB's de Guindos says Yellen's appointment good for global economy

The ECB has criticised Donald Trump's outgoing administration for its protectionist stance and was attacked by the U.S. president over the euro-dollar exchange rate.

Published 25 Nov, 2020 04:35pm

Business & Finance

ECB warns of economic hit if pandemic-support is phased out

"The simultaneous termination of policy measures could trigger a protracted downward shift in the recovery path," the ECB said.

Published 24 Nov, 2020 03:46pm

Business & Finance

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

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

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