European Central Bank

The European Central Bank will establish clear objectives for its digital currency task force by mid-2020, the bank's president Christine Lagarde said in on Thursday. What Happened Lagarde, who was holding her first-ever press conference as the president of ECB, said that there is a clear...

European stocks have severely lagged U.S. stocks over the past year. In that stretch, the iShares MSCI EMU Index (BATS: EZU) is up just 6%, while the SPDR S&P 500 ETF Trust (NYSE: SPY) is up 50.9%. Eurozone uncertainty related to Brexit, an economic slowdown in Germany and other factors have...

European stocks and the related exchange traded funds are unlikely to catch their U.S. rivals, but there's no denying there's some momentum building for riskier assets across the pond. The S&P Europe 350 Index is higher by 7.13% over the past month, bringing its year-to-date gain to...

Italian economist and former Goldman Sachs Group Inc (NYSE: GS) banker turned European Central Bank President Mario Draghi held his last press conference Thursday as he prepares to leave the position Oct. 31 after eight tumultuous years at the ECB.  European leaders have nominated...

Eurozone stocks and the related exchange traded funds haven't been all that bad this year. The SPDR EURO STOXX 50 ETF (NYSE: FEZ), for example, is up 12.26%. That sounds pretty good until acknowledging FEZ is trailing the S&P 500 by about 500 basis points. FEZ tracks the EURO STOXX 50 Index...

Thursday’s equity index futures session began with a premarket bang from the European Central Bank’s monetary policy “bazooka” in the form of rate cuts down to -0.5% and ~$22 billion per month in quantitative easing starting in November. Shortly after, reports of an interim...

The European Central Bank cut the interest rate on deposits by 10 basis points to 0.5% on Thursday and said it will relaunch quantitative easing. The ECB announced that net purchases will be restarted under the Governing Council’s asset purchase program at a monthly pace of 20 billion...

Societe Generale expects the European Central Bank to deliver rate cuts this year and in 2020 due to a slowdown triggered by a probable U.S. recession, the bank's senior European economist Anatoli Annenkov said, according to ForexLive. The central bank should have a better sense...

European leaders have nominated International Monetary Fund Managing Director Christine Lagarde to become the next president of the European Central Bank, according to The Wall Street Journal. Member states decided to back Lagarde to succeed the current ECB chief Mario Draghi, whose eight-year term...

The European Central Bank could see rate cuts as a toolkit for new stimulus. On Tuesday, the European stock market recovered from early falls as ECB President Mario Draghi promised more monetary stimulus if the economy does not improve. ForexLive reports the Euro is under renewed pressure now as...

The Global X MSCI Greece ETF (NYSE: GREK), the only U.S.-listed exchange traded fund dedicated to Greek equities, is up 22 percent this year. That's good for one of the better showings among emerging markets single-country ETFs and there could be reasons to expect more upside ahead for GREK....

The United States Oil Fund LP (NYSE: USO) traded modestly higher Thursday morning after OPEC maintained its outlook for global demand. In its monthly report, OPEC said it's maintaining its previous estimate for global oil demand to grow by 1.24 million barrels per day this year to 99.96 million...

Global markets sank Thursday after the European Central Bank cut its 2019 economic growth forecast and announced a new round of longer-term refinancing operations (TLTRO) stimulus for European banks. The ECB cut its 2019 Eurozone growth forecast from 1.7 percent to 1.1 percent. It also announced a...