Silver as an investment

Category Archives: Eurogroup

Uh-Oh…Draghi’s Ammunition To Buy Italian Bonds Before The Election Is Less Than We Thought

Having successfully pulled off the announcement of the ECB’s “dovish taper” – where monthly bond purchases will be halved to Euro 30 billion from January 2018 – last month, a challenge for Mario Draghi in Q1 2018 has appeared on his radar. The ECB’s bond buying ammunition is slightly less than analysts thought and there […]

ECB Preview: Here’s What Draghi Will Announce Today

Today’s ECB meeting is expected to be one of the most important in recent years: Mario Draghi has signaled, and is widely expected to announce a blueprint of what the central bank’s QE tapering will look like beyond 2017, and while no actual tightening will be implemented – either via rates of asset purchases – […]

ECB Reportedly Considering Slashing QE In Half In January, EURUSD Shrugs

Has Mario Draghi's 'leak' weapon lost its mojo? ECB officials are considering cutting their monthly bond buying by at least half starting in January and keeping their program active for at least nine months, according to Bloomberg who cites 'officials familiar with the debate'. Reducing quantitative easing to 30 billion euros ($36 billion) a month from […]

Mario Draghi Explains His Apparent Hawkish-to-Dovish Flip-Flop – ECB Press Conference Live Feed

Bund yields and the euro are lower after the ECB statement seemed to tilt dovishly – with Draghi proclaiming there’s more “whatever it takes” if we need it – painting quite a different picture from his normalization chatter a few weeks back. We are sure he will explain himself fully to avoid any and all […]

World Stocks Hit Record High For 10th Consecutive Day In “No-Vol Nirvana”

The relentless risk levitation continued overnight, as global shares extended their record high stretch on Thursday for a 10th consecutive day after a cautious BOJ lifted Asian stocks to a decade high with a dovish announcement that offered no surprises, while pushing back Kuroda’s 2% inflation target to 2020, the 6th consecutive delay. With all […]

Draghi did not expect THIS market reaction

The markets weren’t really expecting ECB president Mario Draghi to announce or say anything ‘shocking’ last week, but it’s now starting to look like Mr Draghi and Mr Carney, the President of the Bank of England (the Central Bank in Great Britain) have had several discussions in the past few days and weeks to make […]

EURUSD, Bund Yields Plunge After ECB Tells Market ‘You Misjudged Draghi’s Comments’

Just as we warned was likely (how many times have we seen this game played), The ECB has come out this morning to explain to the market that the reaction to Draghi's hawkish speech yesterday was entirely mistaken. The reaction is clear – EUR and Bund yields are tumbling. Vice President Vitor Constancio scrambled to set the […]

Draghi Confesses: Eurozone Needs ECB Cash

Whereas some members of the governing council of the European Central Bank were hinting the monetary policy would return back to ‘normal’ sooner rather than later, Mario Draghi, the president of the ECB, had a completely different opinion when he testified at the European Parliament. According to Draghi, all stimulus measures need to remain in […]

Markets Wrap: Stocks Flat In Quiet Session With US, UK And China Closed For Holiday

U.S. markets are closed for the Memorial Day holiday, and with UK and Chinese markets also closed for various holidays, it has been a quiet start to the week, with S&P futures essentially unchanged, trading at  2,415, up 0.06%, a new all time high. European stocks opened marginally lower in quiet trading but have since […]

Greek Stocks Have Soared As EU Officials Hint At Future Debt Relief

Year-to-date, Greek stocks are among the best performing in the world (absent the currency-collapse-driven spikes in several troubled nations). The last few days have seen stocks spike further and today we get the 'rumor' that may have driven it as Handelsblatt reports an anonymous EU official stating that the Eurogroup could address Greek debt relief […]