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ECB keeps rates steady after Brexit shock

The eurozone weathered the Brexit vote “with encouraging resilience” and the European Central Bank is ‘ready, willing and able’ to make sure that momentum holds, Mario Draghi said after the bank’s latest policy meeting.

Deutsche Welle

Asian markets slip on weak US manufacturing

Hong Kong (AFP) – Asian markets slipped further on Wednesday following losses in Europe and on Wall Street after a third straight monthly contraction in US manufacturing activity. The disappointing US data followed poor numbers on factory activity from Asia and Europe but dealers looked forward to a European Central Bank meeting, optimistic there would …

Daily News Egypt

ECB hints at new bond-buying scheme

Details of a new bond buying plan by the European Central Bank (ECB) fueled a surge in some Spanish and Italian debts and increased mediated talks between European leaders. German Chancellor Angela Merkel met with the President of the European Union (EU) Herman van Rompuy in Berlin on Tuesday, while French President François Hollande travelled …

Luiz Sanchez

Debt spreads tightest in 7 months

By Philip Baillie / Reuters LONDON: Emerging debt spreads narrowed to their tightest in seven months and stocks rose 1 percent on Tuesday as European Central Bank liquidity continued to draw investors into emerging markets, while investors in Hungary eyed a likely freezing of EU aid. Emerging sovereign debt spreads narrowed by 3 basis points to …

DNE

Gold firms with euro, stocks ahead of ECB financing

By Jan Harvey / Reuters LONDON: Gold prices rose towards $1,780 an ounce on Tuesday, benefiting from gains in the euro ahead of an expected injection of cheap money from the European Central Bank this week, which is lifting appetite for assets seen as higher risk. Spot gold was up 0.6 percent at $1,777.54 an ounce …

DNE

Fall in oil, ECB cash hopes support euro, European shares

By Richard Hubbard / Reuters LONDON: A fall in oil prices and the European Central Bank’s looming cash boost for banks lifted the euro and shares on Wednesday, although some investors worried that the benefits of a second injection of cheap money may be short-lived. Brent crude oil futures slipped to around $123 a barrel from …

DNE

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