User | Time | Action Performed |
---|---|---|
November data indicated a stabilisation of UK private sector output, following marginal reductions in each of the previous three months. This was supported by a return to business ...
Business activity in the euro area continued to fall during November, according to provisional PMI® survey data, amid a further solid decline in new orders. Both output and new ...
Many investors are confused by the precious metal’s movement. After all, silver is a safe-haven asset that generally fares well during turmoil, and recent times have been packed ...
Dutch anti-EU far-right populist Geert Wilders will start looking for coalition partners on Thursday after a massive election win that is set to have wide repercussions in the ...
Silver exhibited some early volatility during Wednesday's trading session, initially opening lower with a gap before subsequently reversing its course and demonstrating a notable ...
Ms Schnabel started her presentation by noting that the market’s immediate response to the dramatic geopolitical upheaval in the Middle East, following the terrorist attacks on Israel on 7 October 2023, had so far been contained. Bolstered by continued robust economic growth in the United States, the surge in global long-term bond yields that started over the summer had continued in recent weeks, as investors were increasingly internalising the prospect of interest rates staying high for longer. At the same time, expectations for the future path of short-term interest rates had remained broadly unchanged. Long-term sovereign bond yields had risen globally. Yields on both sides of the Atlantic were now approaching levels seen from 2005 to 2007 during the last monetary policy tightening cycle. The differential between US and euro area ten-year interest rates had fallen back to the levels observed when the ECB started increasing its key policy rates in July 2022. On aggregate, the recent rise in sovereign bond yields in the euro area had been predominantly driven by an increase in the risk- post: ECB Account Of The October Policy Meeting: Members Saw More Economic Uncertainty Than In September - Most Of Impact Of Past Hiking Had Yet To Materialize - Members Argued To Keep Door Open For Possible Future Hike - Further Hikes Not Part Of Current Baseline Scenario