Monday, 15 October, 2018

Euro Surges on ECB Announcement

BlackRock's Koesterich Says Equities Can Go Higher BlackRock's Koesterich Says Equities Can Go Higher
Emmett Howard | 13 January, 2018, 05:03

Kashkari's motivation was to allow USA inflation rates and wage growth to push higher, but the sentiment concerned traders who are looking forward to three or possibly four interest rate hikes in 2018. Currently, inflation is running at 1.4 percent in the 19 countries that use the euro currency.

The ECB has pledged to continue its bond purchase programme at least until September and investors expect any rate increase to take place next year.

Germany's DAX 30 index declined 0.6% to end at 13,202.90, and France's CAC 40 turned lower, finishing down by 0.3% at 5,488.55.

Underlying U.S. consumer prices posted their biggest gain in 11 months in December, bolstering expectations about a pickup in domestic inflation and about Federal Reserve interest rate hikes this year.

With the euro zone seeing its best growth in a decade, the European Central Bank should gradually shift its stance to avoid a more disruptive move later and look at a broader revision of its policy guidance to reduce the focus on bond purchases and raise the emphasis on interest rates, accounts of the ECB's December meeting showed.

The euro jumped in value against the U.S. dollar after the minutes were released, gaining more than 0.8 per cent at the time of writing to hit highs of $1.2049, moving back towards three-year highs achieved at the start of the year.

Optimism about fourth-quarter earnings boosted stocks.

Trade has ranged from $1,322.85-1,329.15 so far today.

LB Davis announces retirement following 2018 season
Davis has 13 interceptions and 18 forced fumbles in his career, and he'll be hard to replace for Carolina after the 2018 season. He was also named the Walter Payton Man of the Year in 2014, and he made the Pro Bowl in 2015 and 2016.

Theresa May under pressure to make big shake-up as cabinet reshuffle continues
Theresa May cleared out nearly all long-standing government figures who had served from 2010 in the second day of her reshuffle. Theresa May's new Cabinet has five times more privately-educated people than in the general population, analysis has revealed.

ISRO successfully launches its 100th satellite
The successful launch comes after the ISRO's backup navigation spacecraft IRNSS-1H ended in a failure in August previous year . India will use its latest satellites for better border surveillance and obtaining high resolution images of the earth.

The U.K.'s FTSE 100 index logged a record close by rising 0.2% to 7,762.94. The bank sees the euro at $1.30 by the end of the year. Benchmark U.S. crude slipped 37 cents to $63.55 a barrel in electronic trading on the New York Mercantile Exchange.

German bond yields hit fresh five-month highs on Friday and the euro hit a three-year high as coalition progress in Germany added to a bond sell-off first triggered by the possibility of a European Central Bank rethink on policy messaging.

The minutes came on the heels of the Bank of Japan trimming its bond-buying scheme this week, which also weighed on the greenback.

In the other precious metals, the spot silver price rose $0.12 to $17.095-17.115 per oz.

Oil prices retreated from 2014 highs hit the previous day, but stayed near three-year highs on signs of tightening supply in the United States.

Trading got under way with news that German Chancellor Angela Merkel's conservative CDU party has reached an initial deal with Martin Schulz's center-left SPD for formal coalition negotiations.

The surveys found that banks tightened their lending criteria again in the final three months of 2017, meaning the supply of unsecured credit available to households fell in each quarter a year ago.

Recommended

Winter Storm Warning, ice/sleet and snow coming to Kentuckiana Winter Storm Warning, ice/sleet and snow coming to Kentuckiana The weather service in Huntsville said a light glaze of ice and up to a half inch of snow will be possible through this evening. A powerful cold front is bringing below freezing temperatures as it sweeps through eastern Iowa and western IL .

Pound Sterling Exchange Rates Jump on Soft Brexit Possibilities Pound Sterling Exchange Rates Jump on Soft Brexit Possibilities A soft Brexit, while not officially defined, would keep Britain in either the single market or the customs union or both. That news pushed the pound sharply higher, with sterling climbing as high as $US1.3693 against the dollar.

Nintendo to release a Mario tennis game in spring 2018 Nintendo to release a Mario tennis game in spring 2018 The Wii U platformer Donkey Kong Country: Tropical Freeze is coming to the Switch with Funky Kong as a new playable character. The newest DLC will include a new story mode that finally includes Donkey Kong properly into the story.

China may run a trade deficit by 2023, top economist suggests China may run a trade deficit by 2023, top economist suggests The trade data also showed China's goods surplus with the USA , a sore spot in relations between the two nations, hit a record high a year ago .

Donald Trump questions why the USA is admitting immigrants from "shithole countries" Donald Trump questions why the USA  is admitting immigrants from Trump tweets: "Never said anything derogatory about Haitians other than Haiti is, obviously, a very poor and troubled country. One lawmaker in Ghana called for a boycott by developing countries against the United States until Trump leaves office.

Tom Brady's a Legend, but New England Is 'Garoppolonoid' Tom Brady's a Legend, but New England Is 'Garoppolonoid' The Titans won in impressive fashion when they overcame a 21-3 deficit at halftime and outscored the Chiefs 19-0 after the half. This contest screams of a game dominated by Rob Gronkowski , who eats up the middle of the field against mediocre linebackers .

Trump cancels London trip for embassy opening Trump cancels London trip for embassy opening In December, Ambassador Woody Johnson said he was looking forward to welcoming the president when he visited. But the American presence has not been appreciated by the embassy's neighbors in recent years.

US Ambassador to Panama Resigns, Claims Inability to 'Serve Faithfully' Under Trump US Ambassador to Panama Resigns, Claims Inability to 'Serve Faithfully' Under Trump My instructors made clear that if I believed I could not do that, I would be honor bound to resign. Feeley is the first USA diplomat to resign over disagreement with the Trump administration.

Seal responds to criticism over Oprah meme after Chrissy Teigen takes swipe The speech prompted people across the country to urge her to run for president in 2020 , as a challenger to Trump . Oprah Winfrey has been widely praised for her Golden Globes speech , but singer Seal is not impressed.

Thousands of patients hospitalised with flu as virus 'takes off' Thousands of patients hospitalised with flu as virus 'takes off' The advice from Werker, Shahab and others is to stay home when you're sick, cough into your sleeve and always wash your hands . It's no secret by now that the flu vaccine is not a good match with the H3N2 flu strain that is dominating the season.

'Martin Luther King, Jr. Oratorical Competition have been selected' 'Martin Luther King, Jr. Oratorical Competition have been selected' Early risers can join the "extra mile", which departs at 8:30 a.m. from the Oak Park Community Center, 3425 Martin Luther King Jr. The 2 p.m. presentation is educational, family-friendly and includes song, dance spoken word and poetry vignettes.

Holiday PC sales grew for the first time since 2011 Holiday PC sales grew for the first time since 2011 It was the 13th consecutive quarter of declining global PC shipments, as well as the sixth year of annual declines. Unlike IDC, Gartner said Q4 2017 marked the thirteenth consecutive quarterly decline for the PC market.

Are The Suspect Eagles Ready For The Battle-Tested Falcons? This is how you spin it when you lose a Carson Wentz and you are asked to defeat the defending NFC champions with Nick Foles . To tell the truth, they aren't won by the guys over at PhiladelphiaEagles.com who put together this hype video either.

Padmavat row: Karni Sena members detained outside Censor Board office Padmavat row: Karni Sena members detained outside Censor Board office However, political parties and Hindu groups are not happy with the censor board's green signal to the film. Here are the 5 changes suggested by CBFC.

Olivia Munn roasts Mark Wahlberg at 2018 Critics' Choice Awards Olivia Munn roasts Mark Wahlberg at 2018 Critics' Choice Awards Yet for the Critics' Choice Awards , the next major awards show of the season, white was clearly the colour of the night. The Wonder Women's speech can be counted in such category easily. "I know, he took a pay cut", Munn responded.