The European Central Bank (ECB) will continue to reinvest funds from the redemption of securities. Shares were bought back as part of a quantitative easing program (QE), which ended in late 2018. ECB advisers expect interest rates to remain unchanged until the end of the summer of 2019. In any case, as long as the rate of inflation in the European Union is about 2% and below, the key rate will remain at the current level. The situation will be clarified by the press conference of the ECB Head, Mario Draghi, which can give investors signals about the possibility of liquidity injections. According to forecasts, the ECB will offer banks long-term targeted loans this year. The current four-year TLTRO loans will end in June next year, but banks will need funding in mid-2020.
European shares traded lower earlier on Thursday after underwhelming earnings reports dampened a U.S. Fed vow to continue rolling out stimulus plans in a bid to soften the economic blow of the COVID-19 pandemic. The pan-European STOXX lost ...
European stocks traded slightly higher on Tuesday ahead of a U.S. decision to roll out additional stimulus plans despite the underwhelming quarterly earnings reports from the luxury goods market. The pan-European STOXX index inched higher ...
Samsung Electronics’ shares joined TSMC, its competitor, as both extended gains on Tuesday. This was mainly from upbeat expectations that Intel Corp’s plan of outsourcing more chip producers would favor the chipmakers. Shares of ...
Bloomberg News reported on Thursday that Elon Musk’s Space Exploration Technologies Corp. (SpaceX) is in talks to raise new funds at a valuation of $44 billion. The aerospace company said that it is in discussions with a number of investors ...
Asian shares fell on Thursday as the U.S.-China tensions overshadowed hopes for more economic stimulus after Washington ordered the closure of Beijing’s consulate in Houston amid spying allegations. China called the order an “unprecedented ...