European Central Bank

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...

A day after the Fed left rates unchanged and indicated a pause, investors sat down to their Thursday breakfasts looking at a hefty helping of fresh earnings reports.  The results from the latest earnings tidal wave seem relatively mixed, and perhaps that’s reflected in the mixed tone of...

Fed officials recently began talking about a “pause” for interest rates. Wednesday’s decision to keep rates unchanged and to remove some hawkish language from its previous statement might indicate the “pause” is underway. It wasn’t just the decision to keep rates...

Like a rubber band, it appears stocks are ready to snap back from Tuesday’s sharp losses as investors ponder a fresh set of earnings news.  At the same time, nothing else seems to have really changed much. The same old stew of geopolitics continues to be the backdrop, with little...