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ECB governing council member, Francois Villeroy de Galhau crossed the wires in the last hour saying that maintaining a low-interest rate environment is completely justified and necessary in light of the current economic situation. Additional quotes:    •  ECB needs time to assess the impact of negative rates.   •  Monetary policy also has favourable effects
Daily thread to exchange ideas and to share your thoughts Good day, everyone! Hope you’re all doing well as we get things going here on the session. It’s been a decent start to proceedings so far with minor movements all around as the yen notably gained some strength in the past hour amid softer risk tones in
Euro edges lower If you’re wondering what the latest dip down in the euro is about, it’s because the EU is considering starting disciplinary procedures against Italy for its failure to meet budget rules, according to a Bloomberg report. This goes back to the extended battle over the budget in 2018 and the inability of
What are the steps Theresa May threw in the towel today on a leadership that was dominated by Brexit failures. That will give someone else a chance to form some kind of voting coalition that will pass a deal, or that will walk away from the EU without one. The leadership contest itself is now
The Dow DJIA added 95.22 points or 0.4%. The S&P 500 index put on 3.82 points, or 0.1%, to 2,826.06. Nasdaq Composite Index advanced 8.72 points, or 0.1%, to 7,637.01. Following reports that President Donald Trump may ease restrictions against Huawei Technologies Inc. reviving the hopes in markets of a trade deal with China, Wall