european-central-bank
Top StoriesNew ECB Tool Must Backstop Commitment to Euro – Villeroy
Top StoriesECB’s Knot Says Several 50 Bps Rate Hikes Possible if Inflation Worsens
Top StoriesEuro Zone Inflation Confirmed at Record High 8.1% in May
Top StoriesECB to Devise New Tool to Help Indebted Euro Zone Members
ECB to Devise New Tool to Help Indebted Euro Zone Members
Date: June 15, 2022
(Reuters) – The European Central Bank unveiled fresh measures on Wednesday to temper a market rout that has fanned fears a new debt crisis on the bloc’s southern periphery but appears to have disappointed investors looking for a more decisive step. MARKET REACTION: The euro fell around a half a percent against the dollar on...
ECB Pledges New Crisis Tool to Help Indebted Southern States
Date: June 15, 2022
By Balazs Koranyi and Francesco Canepa FRANKFURT/MILAN (Reuters) -The European Central Bank promised fresh support on Wednesday to temper a market rout that has fanned fears of a new debt crisis on the euro area’s southern rim but appears to have disappointed investors looking for bolder steps. Government borrowing costs have soared on the 19-country...
ECB Brings Relief to Battered Bond Markets With New Tool
Date: June 15, 2022
By Dhara Ranasinghe LONDON (Reuters) -Relief swept over battered euro zone bond markets on Wednesday as the European Central Bank said it would skew reinvestments of maturing debt to help more indebted members and will devise a new instrument to stop excessive widening of yield spreads. Just this month alone, Italian 10-year bond yields have...
European Shares Break 6-day Losing Streak as ECB Acts to Halt Bond Rout
Date: June 15, 2022
By Sruthi Shankar and Bansari Mayur Kamdar (Reuters) -European stocks snapped their six day losing streak on Wednesday after the European Central Bank (ECB) announced measures to temper a bond market rout, even as some investors looking for a more decisive action were disappointed. After an unscheduled meeting, the ECB said it would skew reinvestments...
Franklin Templeton’s Zahn Says New ECB Tool Unlikely for Now
Date: June 15, 2022
LONDON (Reuters) – The ECB is unlikely to introduce a new tool just yet to address strain in euro area bond markets, and may instead prefer to stress bond reinvestments, Franklin Templeton’s head of European fixed income David Zahn said on Wednesday. The European Central Bank has called a rare, unscheduled meeting on Wednesday to...
European Stocks Jump as ECB Holds Surprise Meeting
Date: June 15, 2022
By Sruthi Shankar (Reuters) -European stocks rallied on Wednesday, with banks leading the gains, after the European Central Bank said its rate-setting Governing Council would hold an unscheduled meeting to discuss the recent sell-off in government bond markets. An index of euro zone shares climbed 1.5%, while the pan-European STOXX 600 added 1%. Italian bank...