European Central Bank

UBS Signals Stronger European Corporate Profits Than US in 2017

It is no secret that there is a raging bull market right now, and 2017 has only been an accelerated year within that long-term recovery after the Great Recession. Pro-business ...
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A Tale of 2 European Bank Earnings: Barclays vs Deutsche Bank

It has been a busy day for the banking sector in Europe. On top of the European Central Bank keeping rates static, it cut its monthly bond buying in half ...
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European Central Bank Plays Three-Card Monte on Quantitative Easing

It's time for another taper-tantrum. Or is it? The European Central Bank (ECB) pledged on Thursday to cut its large program of bond buying. On the surface that sounds like ...
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Yellen Boosts Financial Reforms, Stays Mum on Monetary Policy

Federal Reserve Chair Janet Yellen said this morning in her remarks from the Fed conference in Jackson, Wyoming, that the core reforms put in place following the financial crisis "have ...
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Credit Suisse Calls New US Dollar Bear Market to Last for Years

Not that long ago, the strong dollar was hurting the earnings and revenues of many of the top international companies based in the United States. And it is well known ...
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Fed Rate Hike Dilemma: Negative Sovereign Yields Back on the Rise

With all eyes on the Federal Reserve's Federal Open Market Committee and an expected rate hike this week, it is easy to forget that there is a whole wide world ...
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Why France’s Economy Matters So Much: France by the Numbers

Western financial markets got a major boost on Monday morning. Dow Jones Industrial Average futures were up over 1% (200+ points), the CAC 40 in France was up 4.5% (230 points), ...
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European currency

ECB Tapering of Quantitative Easing Outlined for 2017

The European Central Bank (ECB) is here to stay with quantitative easing measures. Sort of. President Mario Draghi announced on Thursday that the ECB was going to extend its purchases ...
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percentage button

Global Tally of Negative Interest Rates Continues to Decline

For those of you who view negative interest rates on sovereign debt as a tax, there is good news. For those of you who want to use sovereign debt as ...
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globe

IMF Further Downgrades Global Growth Forecasts

Another day, another downgrade to global growth forecasts. That is the message we are hearing yet again from the International Monetary Fund (IMF) on Tuesday. The IMF sees subdued global ...
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German flag

One Less Negative Yield Bund in Germany, a Million More to Go

You might not have seen the end nor heard the end of the world of negative interest rates yet. Just don't tell that to longer-term and intermediate-term German bund traders. Short ...
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European currency

ECB Rate Decision Delivers No More Free Money to the Markets

President Mario Draghi and the European Central Bank (ECB) may have dashed some of the ambitions of investors who have been hoping for the endless quantitative easing money that they ...
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bank building

Europe’s Banks Need to Merge, Get Bigger

With interest rates remaining very low — and no end to the low-rate regime in sight — banks of all sizes are having a hard time making a profit. John ...
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burning cash

Sovereign Debt With Negative Yields Now Tops $11.7 Trillion

The demand for safe-haven trades is becoming almost zany. It seems unthinkable that there was nearly $10 trillion in sovereign debt with negative yields just a few weeks ago. Now ...
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European currency

Euro and PIIGS ETFs Crushed on Brexit Outcome, Down 10 Percent Or More

With the Brexit Vote only adding that much more uncertainty, the reality is setting in that this could spell long-term trouble for the European Union. Britain never did share its ...
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