The European Central Bank during the upcoming meeting on June 14 in Riga, may decide on the timing of the curtailment of the program for the purchase of assets to the value of 2.5 trillion euros, ECB chief economist Peter Pratt said in an interview with Bloomberg. He said: “It is obvious that next week the ECB executive management should assess whether progress is sufficient for the gradual curtailment of the asset purchase program.” Pratt noted the approach of inflationary expectations to the ECB target. Annual inflation in the euro area in May was 1.9%, showing the maximum rate since April 2017. At a meeting in June, the Central Bank promulgates updated macroeconomic indicators, which may also be an argument in favor of curtailing the QE program.
The dollar sat near two-year lows on Wednesday as the United States struggled to control the coronavirus outbreak, breaking hopes for a fast economic recovery. The gloomy outlook for the U.S. economy is expected to urge the Federal Reserve ...
Asian shares declined on Monday as oil and copper ran weakly. This followed after an upsurge in global coronavirus cases overshadowed markets, while investors waited for the European zone and the United States to implement fiscal stimulus ...
European stocks sold lower earlier on Thursday as concerns mounted over the pace of a global economic recovery ahead of latest meeting from the European Central Bank (ECB). Germany’s DAX futures fell by 0.5% at 2:05 AM ET (0605 GMT), ...
Oil prices gained on Wednesday after a steep decline in U.S. crude stockpiles, while markets await OPEC’s next steps on supply cuts to be announced after a meeting later today. Brent crude futures rose 0.2%, or 10 cents, at $43 per barrel. ...
Oil prices traded lower in Asia earlier on Monday, a few days before OPEC’s technical meeting scheduled on Wednesday. Investors are expecting that OPEC would further recommend the easing of its current supply cuts in a bid to reverse ...