ECB Ramps Up Stimulus But Disappoints Markets (News: 11/03/16)
Today’s Press
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Why the worst is not necessarily over for oil: IEA
While oil prices have “recovered remarkably” in recent weeks, this should not “be taken as a definitive sign that the worst is necessarily over,” the International Energy Agency (IEA) warned Friday.
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Calmer markets, positive data prime Fed to push ahead with rate rises
Barely a month ago Federal Reserve Chair Janet Yellen cut an isolated figure in her semi-annual testimony to Congress, forced to defend the U.S. central bank’s data-dependent approach while around her stocks plunged and oil prices sagged.
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ECB Ramps Up Stimulus But Disappoints Markets
The European Central Bank fired off a salvo of measures aimed at bolstering the eurozone”s fragile economy but markets brushed off the efforts, raising questions about whether it and other central banks still have the tools to bolster weakening growth and inflation after years of easy-money policies.
Next Trading Day’s Important Events
- 13:00 (GMT+3) EU Industrial Production
Forex Quotes:
- USDJPY: 113.78
- EURUSD: 1.1011
Indices:
- S&P 500: 1,989.57
- NASDAQ : 4,662.16
Source:: ECB Ramps Up Stimulus But Disappoints Markets (News: 11/03/16)