Bank of Japan, European Central Bank in focus

While the ECB is widely expected to stay put on interest rates, markets awaited signs from the central bank about whether it would announce changes to its bond-buying plan in September. The euro was taken on a wild ride in June after comments from ECB President Mario Draghi were perceived as hawkish. The currency, which rose to a seven-month high […]

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ECB to lay groundwork for autumn policy shift, avoiding market tantrum

FRANKFURT (Reuters) – The European Central Bank is expected to lay the groundwork for an autumn policy shift when it meets on Thursday, emphasizing improved growth while tempering expectations after previously setting off a mini tantrum in financial markets. ECB President Mario Draghi opened the door to policy tweaks in a speech in Sintra, Portugal, last month that was viewed […]

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Stocks Rise as S&P 500, Nasdaq Top Records Again: Markets Wrap

Stocks surged Wednesday on earnings strength, with the S&P 500 Index and Nasdaq Composite Index hitting records for a second straight day. The euro retraced some recent gains as European policy makers gathered in Frankfurt before Thursday’s decision on interest rates. Oil advanced. Every S&P 500 sector was higher, with energy stocks and materials companies pacing the rise. Vertex Pharmaceuticals […]

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FTSE 100 rallies towards record high on Trump-trade but pound sinks to six-week low as Brexit concerns resurface – Telegraph.co.uk

Telegraph.co.uk FTSE 100 rallies towards record high on Trump-trade but pound sinks to six-week low as Brexit concerns resurfaceTelegraph.co.ukPeople were expecting Trump to underwhelm, he adds. He said Trump has delivered something that is a “net neutral”, in that the address was positive in tone, but lacking in details. Markets were looking for an underwhelming event, Mr Cheung said, and […]

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Pound falls as UK factory growth slows, but markets rise after US president’s address – live | Business

Here’s more reaction to the UK manufacturing PMI figures: Lee Hopley, chief economist at EEF, the manufacturers’ organisation: The slight slowing in the pace of expansion in UK manufacturing signalled by today’s PMI conceals some still positive trends across the industry. Export demand gained further ground in February, offsetting a bit of a slowdown in the rate of growth in […]

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