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ECB raises minimum capital requirements for Spanish banks
The European Central Bank has raised the minimum capital requirements for Spanish lenders BBVA (BBVA.MC), Caixabank (CABK.MC), Sabadell (SABE.MC) and Bankinter (BKT.MC) as part of a supervisory review and evaluation process (SREP). Key Points
ReutersEuropean Central Bank holds interest rates for first time since July 2022
The central bank for the 20 countries that use the euro left the rate it pays on deposits at a record-high 4.0%, reaffirming that the current level of borrowing costs may just be enough to tame inflation if kept there sufficiently long . Key Points
Economic TimesAt 3.75%, ECB hikes rates to historic 23-year high as it battles inflation; signals further policy tightening
The central bank's ninth straight increase took the closely-watched deposit rate to 3.75 percent -- a level last seen in May 2001 and equal to its previous record high. Key Points
mintECB raises rates by 25 basis points to 22-year high; signals more to come
The European Central Bank (ECB) increased interest rates for the eighth consecutive time and hinted that more measures may be on the horizon to manage high inflation. Despite decreasing commodity prices, the labour market remains tight, wage growth fast and underlying price pressures, particularly for services, have stayed high, which is why some policymakers have suggested a July rate hike and most are keeping an open mind about September. Key Points
Economic TimesECB’s push to raise borrowing costs runs up against wall of cash
Excess liquidity is at a two-month high of more than €4.1 trillion ($4.5 trillion), up almost 3% since the start of the month, ECB data show. Key Points
Financialexpress
Charting the global economy: Fed, ECB policies may diverge
The Fed chief said there was strong support for raising rates by 25 basis points. But he suggested officials may pause their tightening campaign in June to assess how the economy is responding to tighter credit conditions. Key Points
Economic TimesECB's Villeroy says markets 'overreacted' with rate hike bets
Investors betting on more interest rates hikes by the European Central bank have 'overreacted' to strong U.S. data and ECB communication since last week, the Banque de France Governor said in an interview published on Wednesday. Key Points
ReutersEuro edges off six-week lows, ECB meet, US GDP data in focus
By Ankur Banerjee and Alun John SINGAPORE/LONDON (Reuters) -The euro on Thursday sat just above a six-week low against the U.S. dollar hit earlier in the week, ahead of a European Central Bank (ECB) Key Points
ThePrintECB holds interest rates for first time in over a year
The European Central Bank ended a string of rate hikes that had begun in July of last year by leaving interest rates unchanged. Despite the decision not to raise rates once again, the European Central Bank's key deposit rate remains at 4%, which is the highest level in the bank's history. Key Points
Economic TimesSantander's Tier 1 capital requirement raised by ECB
Spain's Santander (SAN.MC), the euro zone's second-biggest bank by market value, on Monday said the European Central Bank (ECB) had set a minimum threshold for its strictest measure of solvency above the previous year's level. Key Points
ReutersDollar slips vs euro as ECB keeps rates steady
By Saqib Iqbal Ahmed NEW YORK (Reuters) -The dollar fell against the euro on Thursday after the ECB kept rates steady even as it acknowledged cooling inflation, and the U.S. currency extended its Key Points
ThePrintECB may deliver two more interest rate hikes by July, most economists say
Banks including Goldman Sachs and Morgan Stanley see another two 25 basis-point steps — taking the deposit rate to 3.75%. ING and Commerzbank anticipate just one such hike, while Danske Bank expects three for a terminal rate of 4%. Key Points
FinancialexpressDollar struggles to retain gains, option expiries bump yen up
By Vidya Ranganathan SINGAPORE (Reuters) -The U.S. dollar struggled to keep gains on Monday as looming central bank decisions in Japan and Europe and vacillating market expectations for Fed rate cuts Key Points
ThePrintStocks, US yields fall as investors gauge economic sturdiness
By Chuck Mikolajczak NEW YORK (Reuters) - A gauge of global stocks was poised for a second straight decline and U.S. Treasury yields fell on Tuesday, as investors attempted to assess the policy path Key Points
ThePrintStocks, US yields fall as investors gauge economic health
By Chuck Mikolajczak NEW YORK (Reuters) - A gauge of global stocks declined for a second straight session and U.S. Treasury yields fell on Tuesday, as investors attempted to assess the policy path of Key Points
ThePrintStocks, US yields dip as investors weigh economic strength
By Chuck Mikolajczak NEW YORK (Reuters) -A gauge of global stocks was on track for a second straight decline and U.S. Treasury yields fell on Tuesday, as investors attempted to assess the policy path Key Points
ThePrintECB hikes key rates by 25 bps as inflation outlook stays 'too high for too long'
In the light of ongoing stubbornly high inflation, ECB decided to hike key interest rates by 25 bps which will come into effect from May 10th. Although, headline inflation has dipped over the recent months, ECB said, but price pressures remain strong. Key Points
mintECB hawks press case for more rate hikes to fight dogged inflation
The comments from the central bank chiefs of Austria and Belgium backed up remarks a day earlier from two fellow hawks - their Slovakian and Lithuanian peers - and pressed the case for higher rates to tame inflation running at 8.5% in the euro zone. Key Points
Economic TimesUS dollar up slightly after GDP data; euro falls after ECB, Lagarde comments
By Gertrude Chavez-Dreyfuss NEW YORK (Reuters) -The U.S. dollar edged higher on Thursday after data showed the world's largest economy grew at a faster pace than expected in the fourth quarter, Key Points
ThePrintUS GDP grows more than expected at 3.3% in Q4 of 2023
US GDP surpassed expectations, growing by 3.3% in Q4 of 2023, driven by a resilient job market and robust consumer spending, exceeding the 2% economist consensus. Both S&P and Nasdaq futures saw pre-market gains. The year-end marked a strong period for the US economy, with a full-year growth of 2.5%, according to the Commerce Department. Meanwhile, the European Central Bank (ECB) maintained interest rates for the third time, sustaining the historic rate of four percent despite inflation easing. Key Points
Economic TimesDollar steady near 6-weeek highs ahead of US GDP; eyes on ECB meeting
By Ankur Banerjee SINGAPORE (Reuters) - The dollar was broadly steady near a six-week high on Thursday, as investors await GDP and other data this week to gauge where U.S. rates are headed, while the Key Points
ThePrintECB delivers smaller interest rate hike, vows more hiking to come after slowing tightening pace
The Governing Council said future decisions will remain data-dependent as they bring rates to levels sufficiently restrictive to return inflation to the 2% target. They’ll be kept there for as long as necessary, it said. Key Points
FinancialexpressGold edges up on weaker dollar; focus on US data, ECB decision
By Sherin Elizabeth Varghese (Reuters) - Gold prices edged higher on Thursday, helped by a slight pullback in the dollar, while investors awaited more U.S. economic data and the European Central Key Points
ThePrintDollar struggles to retain gains even as March rate cut odds recede
By Vidya Ranganathan SINGAPORE (Reuters) - The U.S. dollar struggled to keep gains in early Asian trade on Monday as looming central bank decisions in Japan and Europe forced a pause in its Key Points
ThePrintWall St loses steam, Treasury yields touch multi-month lows as Fed frenzy wanes
By Stephen Culp and Marc Jones NEW YORK (Reuters) -U.S. stocks lost momentum in afternoon trading on Thursday, backing away from session highs while benchmark Treasury yields dropped to multi-month Key Points
ThePrintWall St ends higher, Treasury yields hit multi-month lows in Fed's wake
By Stephen Culp NEW YORK (Reuters) -U.S. stocks pared earlier gains to close modestly higher on Thursday, while benchmark Treasury yields dropped to multi-month lows after investors rotated out of Key Points
ThePrintRupee to weaken after dollar jumps on upbeat US data, dovish ECB
The Indian rupee is poised to decline on Friday after a better-than-expected reading on U.S. gross domestic product and a slump in the euro prompted the biggest rally on the dollar index in more than four months. Key Points
ReutersDollar weaker after data flurry, euro gains on ECB comments
By Chuck Mikolajczak NEW YORK (Reuters) - The dollar index was lower on Monday after a host of economic data releases indicated the U.S. economy remainresilientnt, while the euro strengthened after Key Points
ThePrintMaharashtra Day: Is the stock market closed on Monday?
Indian equity markets, as well as the multi-commodity exchange, will remain closed on Monday due to Maharashtra Day. Analysts expect the current rally to continue as investors track fourth-quarter results and global trends. May has historically been a turbulent month, but data shows that investing in May has produced an average double-digit return 83% of the time by the end of the calendar year. The upcoming week is crucial with policy meetings from the US Fed and ECB and PMI data from the US, China, and India being keenly watched. Key Points
Economic Times