Money markets will be focused not only on the ECB’s decision in March on the depo rate but also on any suggestion of further actions later in the year, given the current expectation of a cumulative 25-30bp cuts by year-end.
European markets maintained early gains yestarday afternoon trading after ECB President Mario Draghi talked up the prospect of Euro under pressure on rumors of further ECB stimulus amidst talk that the […]
The increased uncertainty around the referendum is likely to cause financial and economic volatility and negatively impact growth in the short term. Consequently, the timing and path of rate hikes may also…
2016 has, so far, been a volatile and tumultuous year for financial markets. Only three weeks in, we have already seen a multitude of news events causing risk aversion to spike. These include, to name just a few, the tumbling price of oil, a myriad of different policy moves from the Chinese authorities, conflicting indicators of Chinese economic growth and subsequent fears of slower global growth, yet more idiosyncratic corporate events and geopolitical events.
DBRS rating confirmed the European Union rating at AAA with a stable outlook. The Eu’s conservative budgetary management and the institution’s preferred creditor status are two of the factors benefiting European rating. DBRS mantains a low short term risk view also if it warns that ratings could be lowered in case of a deterioration in the credit rating of the Eu’s core member states and their committment to supporto the European Union.
Investors are holding their breath ahead of the Fed’s decision taking place tomorrow. Fed chair Janet Yellen will deliver her verdict on the trajectory of US monetary policy after this Wednesday’s meeting.
