The euro is jumping up and down after the ECB cut its deposit euro by 10bps, as expected. Other rates were left unchanged. At the same time, the ECB will relaunch its bond buying programme with monthly purchases of 20 billion EUR, which is less than expected (30 billion EUR). The new round of QE is going to start on November 1. Moreover, the ECB decided to introduce a so-called tiering system which could ease downward pressure on bank’s profitability.
Coronavirus in roughly 50 countries Equities and commodities plunge on coronavirus fears Global markets heading for its worst week...
3:10 PMPrecious metals were holding ground well earlier this year but while they are often seen as safe haven assets, this is not the case today. Gold is down...
1:46 PMUS futures point to lower open at Wall Street Dow Jones tests support zone at 25350 pts Big Lots (BIG.US) slumps after issuing...
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