ECB Preview: Happy to hold – for now | Metals Mine

  • ECB Preview: Happy to hold – for now

    From mufgresearch.com

    The ECB is set to leave rates unchanged at its July meeting with markets pricing only a few basis points of tightening next week. Despite the re-escalation in the Middle East and the subsequent rise in crude oil prices, even the hawks have stopped short of making a case that this is a live policy meeting. Joachim Nagel, president of the Bundesbank, said yesterday that rates are currently at an “appropriate” level. Indeed, there is some sense of balance coming into this meeting. The US-Iran deal was signed soon after the ECB’s June hike and prompted a retracement in energy prices. That was followed by a soft ... (full story)

Comment Options

  • Related Stories

Iran Tells Yemen's Houthis To Close Bab-El-Mandeb Gateway To The Red Sea If US Hits Power Network – RTRS Cites Sources
From @LiveSquawk | 9 hr ago | 236 comments
Iran Tells Yemen's Houthis To Close Bab El-Mandeb Gateway To The Red Sea If US Hits Power Network – RTRS Cites Sources *(IR) FOLLOW-UP: IRAN TELLS YEMEN'S HOUTHIS TO CLOSE BAB EL-MANDEB GATEWAY TO THE RED SEA IF U.S. HITS POWER NETWORK - PRESS **TTN Note: A closure or major disruption of the Bab el-Mandeb Strait would directly threaten Saudi Aramco's Yanbu Red Sea exports, which have reached… *(IR) Representatives of Iran's Islamic Revolutionary Guard Corps (IRGC) who are already in Yemen will control the decision on when to close the Bab el-Mandeb strait - press (More at ) IRAN OPENS A SECOND ENERGY FRONT AS HORMUZ CLOSURE THREATENS RED SEA TRADE Reuters reports Iran is signaling that Yemen’s Houthis could close the Bab el-Mandeb Strait if U.S. attacks continue. Hormuz is already shut, placing two major oil routes under pressure. The hit… pic.twitter.com/9TnTjFWSdJ
Iran warns U.S. of Hormuz ‘red line,’ says it will retaliate to Trump’s strike threats
From cnbc.com | 10 hr ago | 26 comments
Iran warned Thursday that it would “crush” key targets in the Middle East if U.S. President Donald Trump’s threats to target the country’s infrastructure in the coming days are carried out. Trump said in a Tuesday evening interview with Fox News that U.S. forces would target key Iranian infrastructure next week if a diplomatic breakthrough is not achieved. ...
Gold falls 2% as escalating Middle East tensions reinforce US rate-hike bets
From brecorder.com | 5 hr ago
Gold fell 2% on Thursday, as escalating Middle East tensions pushed oil prices and U.S. Treasury yields higher, heightening inflation concerns and reinforcing expectations of elevated U.S. interest rates. Spot gold was down 1.5% at $4,001.17 per ounce by 0926 a.m. EDT (1326) GMT, after falling as much as 2% earlier. U.S. gold futures dropped 1.1% to ...
  • Story Stats