ECB’S LAGARDE URGES GOV’T, PRIVATE EQUITY SUPPORT FOR EUROPEAN TECH
–Lagarde Makes No Mention of Monetary Policy in Address to Frankfurt Banking Conference By Laurie Laird LONDON (MaceNews) – Up-and-coming European technology firms could greatly benefit from more extensive support from governments and from the private equity industry, according to the continent’s top central banker, outlining her views on the future of employment in a post-Covid […]
ECB’S LAGARDE: ASSET PURCHASES, CHEAP FINANCING ARE KEY TOOLS VS LATEST DOWNTURN
By Laurie Laird LONDON (MaceNews) – Europe’s top central banker suggested that expanded asset purchases and enhancements to the Bank’s long-term finance scheme are best suited to counter the latest eurozone downturn, while urging national governments to keep the fiscal taps flowing. “While all options are on the table, the pandemic emergency purchase programme (PEPP) […]
BANK OF ENGLAND: INFORMAL, NON-TARIFF BARRIERS POSSIBLE IN NO-DEAL BREXIT
–MPC’s Ramsden Sees Risk of ‘Trade Friction’ on Top of WTO Tariffs By Laurie Laird LONDON (MaceNews) — Bank of England leaders have begun to break their silence over the possibility of a no-deal Brexit, with a top policy maker voicing fears that a lack of cooperation between trading nations could introduce informal barriers to […]
BoA GLOBAL MANAGER SURVEY: VACCINE HOPES, ELECTION, IMPROVED MACRO OUTLOOK BOOST INVESTOR SENTIMENT
By Vicki Schmelzer NEW YORK (MaceNews) – COVID-19 vaccine hopes, U.S. election results and an increasingly positive world macro outlook boosted investor sentiment in November, according to the findings of BofA Global Research’s monthly fund manager survey, released Tuesday. In November, a net 91% of fund managers looked for global growth to strengthen in […]
BOE’S BAILEY URGES GREATER PRIVATE INVESTMENT IN COVID RECOVERY
— No Mention of Monetary Policy in Remarks to CityUK Conference By Laurie Laird LONDON (MaceNews) – The governor of the Bank of England has called for enhanced private investment to finance the UK’s economic recovery, lamenting low levels of business investment that pre-date the Covid slowdown. “We live in a time where there appears […]
TOP ECB OFFICIAL DOWNPLAYS SYMMETRICAL INFLATION TARGET, RATE CUTS
—Governing Council’s Mersch Expresses Lukewarm Support for Lagarde By Laurie Laird LONDON (MaceNews) — A top European Central banker Monday expressed opposition to a symmetrical inflation target and raised questions over the efficacy of further rate cuts, while withholding full support for the central bank’s leader. “Symmetry does not mean that we would engage in […]
ECB, BOE SEE NO SILVER BULLET IN COVID VACCINE
–Both CenBanks Expected to Adjust Policy in December –Fed’s Powell Sees More Tech-Oriented, Less Job-Oriented Recovery By Laurie Laird LONDON (MaceNews) – Europe’s top central bankers welcomed the positive news on a Covid vaccine unveiled earlier this week, but warned that the region faces more economic pain before an inoculation becomes widely available. European Central […]
ITALY TO PLACE NEW USD BONDS TODAY, CAP IS USD 4BLN FOR US INVESTORS; MORE ISSUANCE COULD FOLLOW
By Silvia Marchetti ROME (MaceNews) – Italy will issue at 10:30 am EST Thursday a second round of US-dollar-denominated bonds with the goal of consolidating a stable and solid presence in the US market through a broad range of maturities after last year’s first issuance. Rome’s Treasury announced it has mandated Barclays Bank PLC, BofA Securities Europe […]
BOE GOVERNOR DOWNPLAYS FEARS OF UK ECONOMIC SCARRING
— Declines to provide timeframe for consideration of negative interest rates By Laurie Laird LONDON (MaceNews) – The U.K. may escape significant economic scarring as a result of the Covid epidemic, particularly if an effective vaccine becomes widely available in 2020, according to the country’s top central banker. The Bank of England’s fears of permanent […]
ECB’S KNOT: COVID VACCINE DOES NOT DISPEL ECONOMIC UNCERTAINTY
— Stresses Fiscal Policy Must Undertake Havy Lifting Vs Q4 Downturn By Laurie Laird LONDON (MaceNews) – The rapid development of a Covid vaccine is unlikely to provide a quick fillip to the battered European economy, according to a top European Central Bank official. While welcoming the announcement of positive medical trial results released on […]