The European Central Bank promises to further weaken the euro on December 3
Today, European Central Bank President Mario Draghi said that the EuroZone central bank “will do what we must to raise inflation as quickly as possible.”
Dollar up and euro down–again
To subscribe to JAM you need to fill in some details below including, ahem, some info on how you'll pay us. A subscription is $199 (although if you're subscribing with one of our special offers it will be lower) for a year for ongoing and continuing access to the...Draghi’s signal of another rate cut by the European Central Bank doesn’t stem slide
Today, Mario Draghi’s signal that the European Central Bank would step up stimulus in December couldn’t stem declines in EuroZone stocks or weakness in the euro
Saturday Night Quarterback says, For the week ahead expect…
To subscribe to JAM you need to fill in some details below including, ahem, some info on how you'll pay us. A subscription is $199 (although if you're subscribing with one of our special offers it will be lower) for a year for ongoing and continuing access to the...Saturday Night Quarterback says, For the week ahead expect…
To subscribe to JAM you need to fill in some details below including, ahem, some info on how you'll pay us. A subscription is $199 (although if you're subscribing with one of our special offers it will be lower) for a year for ongoing and continuing access to the...China’s on holiday but the EuroZone announces some news to keep us occupied (and it’s not good)
Growth will be slower than expected, the European Central Bank said. Inflation may turn negative in 2015. And the bank adjusted some of its rules so that it will be able to complete its full 1.1 trillion euro ($1.2 trillion) program of quantitative easing. Stimulus will continue to September 2016 or beyond
Saturday Night Quarterback says, For the week ahead expect…
To subscribe to JAM you need to fill in some details below including, ahem, some info on how you'll pay us. A subscription is $199 (although if you're subscribing with one of our special offers it will be lower) for a year for ongoing and continuing access to the...Are promises enough to end the bear in Shanghai and Shenzhen?
The government has arranged for state-run margin fund—China Securities Finance—to have access to 3 trillion yuan ($483 billion) in margin power in its own stock market version of Mario Draghi’s 2012 “whatever it takes” to defend the euro pledge to restore confidence in the Shanghai and Shenzhen markets. Today it’s working with the Shanghai market up 3.51%
Greece gets 900 million euros and time from the European Central Bank
The additional 900 million euros in funding for Greek banks doesn’t really do anything but buy time, but time is exactly what Greece and its EuroZone creditors need as they try to get a bridge loan in place in time for the July 20 deadline for Greece to make a 3.5 billion euro payment to the ECB.
Greek Parliament votes yes on creditor preconditions for resuming negotiation
Tonight—actually the morning of July 16 in Athens–the Greek parliament voted to approve the demands required by the country’s creditors as the price for resuming negotiations on a third bailout program
Strange dynamics of the euro say a Greek debt deal is likely to drive the currency lower against the U.S. dollar–keep looking for a chance to “steal” European stocks
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