European Central Bank Cuts Europe’s Growth Forecast; Announces More Stimulus

European Central Bank Cuts Europe’s Growth Forecast; Announces More Stimulus

European Central Bank Cuts Europe’s Growth Forecast; Announces More Stimulus

Chinese exports declined 21% in February - partially driven by the US-China trade war. "You try to be proactive rather than reactive". But the eurozone, where the economy is heavily dependent on trade, faces external threats such as a chaotic Brexit and the possibility that governments around the world might put more limits in trade.

With the Federal Reserve's monetary pivot already priced in, some investors are wondering if the dollar's recent gains could become more sustained.

The dollar "is head and shoulders above peers, but this also means that it is the currency most susceptible to potential adjustments", said Daisuke Karakama, chief market economist at Mizuho Bank.

Elsewhere, the pound was steady after the European Union was said to make a new offer to the United Kingdom in an attempt to break the Brexit impasse.

Can they bank on this solution?

European Central Bank actions can't stop impact of protectionism, Brexit.

Traders sold the dollar a bit more early Friday after a measly 20,000-job increase in domestic payrolls last month, far fewer than 180,000 forecast among analysts polled by Reuters.

Spanish women march for equality on International Women's Day
Stories of courage and overcoming adversity are being shared. "I keep saying if we do not participate we would not be recognised". One involved the sentencing of five men who were accused of gang-raping a teenager in 2016 for sexual abuse rather than rape.

Chinese stocks fell the most in almost five months after the nation's biggest brokerage issued a rare sell rating on the People's Insurance Company (Group) of China, likely signalling the government's desire to slow a market that has outperformed global rivals over the past two months.

The announcement comes only three months after the end of the ECB's unprecedented €2.6 trillion bond-buying programme.

"Our inflation forecast is weaker than the European Central Bank", said Scicluna.

Yet even as the bank was bringing that stimulus effort to an end, economic signals began to weaken.

While stocks on Wall Street were lower, a late day rally helped curb losses and major indexes ended near session highs.

The Australian dollar trod water at $0.7013, having declined 0.9 percent this week and hitting a two-month trough of $0.7005 after data showed the economy grew at its slowest pace in two years last quarter. The marginal lending rate will be held at 0.25 percent, and the rate on deposits at -0.4 percent. Germany's benchmark 10-year bond yield took a step closer to zero percent and both German and French benchmark yields were at their lowest level since 2016 - the year that saw the European Central Bank ramp up stimulus and cut rates to fight deflation and weak economic growth.

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