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European Markets Performance For Last Five Days from 23rd to 27th June 2014

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#Europe #EuropeanFinancialMarkets #EuropeanStockIndex Performance For Last Five Days from 23rd to 27th June 2014

#IBEX35 -Benchmark Index of #Spain #MADRID #SpanishStockExchange
#Dax30 – Benchmark Index of #Germany #FrankfurtStockExchange . .
#Cac40 – Benchmark Index of #France #ParisBourse #Euronext . .
#FTSE100 – Benchmark Index of United Kingdom #LondonStockExchange . .
#EuropeanStocks

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#Europe #EuropeanFinancialMarkets #EuropeanStockIndex update for 27th May 2014. . .

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#Europe #EuropeanFinancialMarkets #EuropeanStockIndex update for 27th May 2014. . .

#Dax30 – Benchmark Index of Germany #FrankfurtStockExchange . .
#FTSE100 – Benchmark Index of United Kingdom #LondonStockExchange . .
#Ibex35 – Benchmark Index of #Spain #BolsadeMadrid or #MadridStockExchange . .
#Cac40 – Benchmark Index of #France #ParisBourse #Euronext #EuropeanStocks . .

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#EuropeanStockIndex update for 24th April 2014

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#EuropeanStockIndex update for 24th April 2014

#Europe #EuropeanFinancialMarkets #EuropeanStockIndex update for 24th April 2014

#Cac40 – Benchmark Index of #France #Paris Bourse #Euronext
#Dax30 – Benchmark Index of Germany #Frankfurt Stock Exchange
#FTSE100 – Benchmark Index of United Kingdom #London Stock Exchange
#Ibex35 = Benchmark Index of Bolsa de Madrid or #Madrid Stock Exchange #Spain

This entry was posted in Europe , Euro zone, Investing, Stock Market , Equity Market , Share Market and tagged , , , , , , , , , , , .

#Europe #EuropeanFinancialMarkets #EuropeanStockIndex update

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dax cac ftse 23april14
Dax Cac Ftse 23april14

 

dax cac ftse 22april14

#Europe #EuropeanFinancialMarkets #EuropeanStockIndex update for 22nd and 23rd April 2014 closing value and change
#Cac40 – Benchmark Index of #France #Paris Bourse #Euronext
#Dax30 – Benchmark Index of Germany #Frankfurt Stock Exchange
#FTSE100 – Benchmark Index of United Kingdom #London Stock Exchange

This entry was posted in Europe , Euro zone, Investing, Stock Market , Equity Market , Share Market and tagged , , , , , , , , .

#EuropeanStockIndex update for Friday 28th March 2014

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#EuropeanStockIndex update for Friday 28th March 2014

#Europe #EuropeanFinancialMarkets #EuropeanStockIndex update for Friday 28th March 2014
#Cac40 – Benchmark Index of #France #Paris Bourse #Euronext
#Dax30 – Benchmark Index of Germany #Frankfurt Stock Exchange
#FTSE100 – Benchmark Index of United Kingdom #London Stock Exchange
#Ibex35 = Benchmark Index of Bolsa de Madrid or #Madrid Stock Exchange #Spain

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ECB European Central Bank cuts rate by 25 bps to 0.50%

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ECB cuts rate by 25 bps to 0.50% – Central Bank News.

The European Central Bank (ECB) cut the rate on its benchmark refinancing facility by 25 basis points to 0.50 percent, as widely expected, along with a 50 basis point cut on the rate on its marginal lending facility to 1.0 percent. The rate on its deposit facility will remain steady at 0.0 percent, the ECB said in a brief statement.
   ECB President Mario Draghi will comment on the decision by the ECB council at a press conference later today.
    Speculation had intensified in recent days that the ECB would cut rates following news that the inflation rate for the 17 nations sharing the single currency fell to 1.2 percent in April, the lowest since February 2010, and well below the ECB’s target of inflation that is below but close to 2 percent.
    Economic recession, growing unemployment and recent comments by ECB council members also fueled speculation of a rate cut. Last month Germany’s Jens Weidmann, head of the Bundesbank, said the ECB would only cut rates if the economic situation worsened and then both Draghi and Klaas Knot of the Netherlands central bank said the economic situation was not improving.
    Last month at the ECB’s press conference, Draghi said the bank was keeping a close eye on economic data for its impact on monetary policy and was ready to act. He also said the ECB was looking at various instruments and tools to stimulate economic activity.

    The unemployment rate in the euro zone rose to 12.1 percent in Mach from 12.0 percent, the highest level since Eurostat, the European Union’s statistics office, started collecting the data in 1995.
    The euro zone’s Gross Domestic Product shrank by 0.6 percent in the fourth quarter of 2012, its fifth quarterly contraction in a row, for an annual decline of 0.9 percent, up from 0.6 percent in the third quarter. Economist forecast a further contraction in the first quarter of this year.
    Global policy makers have also put pressure on the ECB to stimulate the economy with the International Monetary Fund’s managing director, Christine Lagarde, last month saying the ECB still has room to manoeuvre and could cut rates.

    www.CentralBankNews.info

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Keep A Watch on Global #Data releases this week ………..

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Keep A Watch on Global #Data releases this week ...........

#Economic Calender for #US and #Euro zone for week starting 15th April 2013 Tuesday

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The euro zone’s 12% unemployment in February set a new record, but March is looking worse

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#Euro zone high #unemployment rate ….

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Monetary Policy Week in Review for last week – Central Bank News

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Monetary Policy Week in Review – Mar 30, 2013: Chance of global crises eases as 3 banks cut rates, 8 hold, 1 raises – Central Bank News.

Last week 12 central banks took policy decisions with three banks cutting rates (Vietnam,Hungary and Georgia), eight keeping rates on hold (Israel, Angola, Turkey, Morocco, Taiwan,Zambia, Czech Republic and Romania) and Tunisia becoming the fifth central bank to raise rates this year.
    The main message gleaned from central banks last week was that the global economy continues to recover, but every time it seems to pick up a little steam, confidence is undermined by developments in Europe, the only major risk to a sustained recovery. 
    But like a resilient boxer, the global economy dusts itself off and gets back on its feet, adjusting to the fact that large bank depositors in Europe may have to share the costs of future bank bailouts with tax payers, the main lesson from Cyprus.
    After the shock from this major but ultimately positive policy shift, there was a sense of relief that Europe had muddled through, once again, and financial markets had taken the events in stride.
     “It appears that there has been a decline in the probability of a crises occurring, a development which has reduced the high level of uncertainty that prevailed in the last year,” the Bank of Israel said in its statement.
    But as both Israel and the Reserve Bank of Australia (RBA) acknowledged, the global economic picture remains mixed and “it is too early to say whether the improved market sentiment over the past six months is the beginning of a sustained recovery, or merely a temporary upswing.”
    The challenges facing Europe’s policy makers is considerable. Not only do they have to restore financial health to governments and banks, they must also find ways to strengthen economic growth at a time of growing challenges from emerging markets.
    “The renewed market tension associated with the handling of the sovereign and banking crisis in Cyprus in recent weeks has provided a reminder of the political, economic and social challenges of resolving the pervasive fiscal and banking sector problems,” the RBA said in its financial review.
     In the latest manifestation of the structural shift in the global economy – illustrated by a stagnating Europe and growing emerging markets – the leaders of Brazil, Russia, India, and South Africa and China agreed to establish a New Development Bank.
    The leaders of these five countries, known as the BRICS countries, acknowledged that their infrastructure has to be improved but currently there is insufficient long-term and foreign investment in capital stock.
    Acknowledging their role and responsibility for global governance, the BRICS leaders said a bank, which now will be established, would use global financial resources more productively and thus make a positive contribution in boosting global demand.
    They also agreed to establish a $100 billion financial reserve arrangement that would “help BRICS countries forestall short-term liquidity pressures, provide mutual support and further strengthen financial stability,” the leaders said in their March 27 Durban declaration.
     The Contingent Reserve Arrangement (CRA) would help strengthen the global financial safety net during times of market turmoil.
         
    Through the first 13 weeks of the year, 77 percent of the 125 policy decisions taken by the 90 central banks followed by Central Bank News lead to unchanged rates, marginally down from 78 percent after the first 11 weeks.
    Globally, 19 percent of policy decisions this year have lead to rate cuts, largely by central banks in emerging economies, a ratio that was steady from last week.
    Of the 24 rate cuts worldwide so far this year, 42 percent have come from central banks in emerging markets and the remainder from frontier markets and other countries.
    No central banks in developed markets have cut rates this year, but this is largely because many of those central banks slashed rates to effectively zero five years ago and then switched to various forms of so-called quantitative easing to stimulate demand.
LAST WEEK’S (WEEK 13) MONETARY POLICY DECISIONS:
COUNTRY MSCI     NEW RATE           OLD RATE        1 YEAR AGO
ISRAEL DM 1.75% 1.75% 2.50%
VIETNAM FM 8.00% 9.00% 14.00%
ANGOLA 10.00% 10.00% 10.25%
TURKEY EM 5.50% 5.50% 5.75%
MOROCCO EM 3.00% 3.00% 3.00%
HUNGARY EM 5.00% 5.25% 7.00%
GEORGIA 4.50% 4.75% 6.50%
TAIWAN EM 1.88% 1.88% 1.88%
ZAMBIA 9.25% 9.25% 9.00%
CZECH REPUBLIC EM 0.05% 0.05% 0.75%
TUNISIA FM 4.00% 3.75% 3.50%
ROMANIA FM 5.25% 5.25% 5.25%
Next week (week 14) features six central bank policy decisions, including Australia, Thailand, Uganda, Japan, United Kingdom and the euro area.
COUNTRY MSCI          MEETING               RATE        1 YEAR AGO
AUSTRALIA DM 2-Apr 3.00% 4.25%
THAILAND EM 3-Apr 2.75% 3.00%
UGANDA 3-Apr 12.00% 21.00%
JAPAN DM 4-Apr 0.10% 0.10%
UNITED KINGDOM DM 4-Apr 0.50% 0.50%
EURO AREA DM 4-Apr 0.75% 1.00%
    www.CentralBankNews.info

 

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