ecb

Late Sunday, Cyprus reached a deal with the Troika of creditors made up of the EU, the ECB and the IMF. In the deal, small deposits (mainly those of smaller, domestic savers) would be protected and the nation's banking sector would be drastically reformed. The draft proposal calls for Cyprus to...

Futures Flat As Cyprus Debates Bailout, ECB Deadline Looms U.S. equity futures were flat in early pre-market trade as Cypriot lawmakers continued to debate the revised bailout procedure. After rejecting the initial bailout proposal and failing to secure a bridge loan from Russia, Cyprus now must...

Futures Rise as Investors Look Past Cyprus U.S. equity futures rose in early pre-market trade despite the turmoil in Cyprus as lawmakers failed to pass the bailout agreement in parliament. Blackrock (NYSE: BLK) CEO Larry Fink said that Cyprus was a non-event and said that he sees 20 percent upside...

Futures Rise on Chinese Manufacturing Data U.S. equity futures rose in pre-market trade following strong manufacturing data out of China overnight. The preliminary HSBC China Manufacturing PMI for December rose to 50.9 from the final November reading of 50.5, showing a continued improvement in...

Futures Slip Ahead of Employment Report U.S. equity futures fell in pre-market trading ahead of the monthly Employment Situation Report. In addition, fears over the lack of a budget deal in the U.S. kept fear high and comments from ECB President Mario Draghi indicate the Bank is less open to rate...

In a surprise move, European Central Bank President Mario Draghi announced on Monday that he will be skipping the Jackson Hole symposium due to a busy schedule, which kicks off Thursday. An ECB spokesman officially stated that the official reason for Draghi's absence is "the heavy workload foreseen...

CSI Forex, a market data provider and investigative company, reported Friday that the rapid spike in the EUR/USD was caused by a rumor that European leaders may be about to implement a short selling ban on sovereign debt. Such a ban would effectively cap yields at current levels and potentially...

Central banks in Europe stood firm on policy Thursday following rate cuts at previous meetings. Both the European Central Bank and the Bank of England kept rates firm and neither decided to launch any new non-traditional policies. The Bank of England kept rates on hold and kept its quantitative...

U.S. equity futures rose ahead of the interest rate decisions from both the Bank of England and the European Central Bank. Also, the People's Bank of China reported that it has not cut rates this month as some had expected. Recall that before the previous two Bank of England decisions, China had...

Tuesday afternoon, reports from Madrid revealed that the ECB and other European authorities may in fact be closer to purchasing bonds in the open market than previously thought. Earlier, markets were discounting the reticence of key German economists in supporting bond market purchases. However,...