Italian expansionary fiscal policy is more likely to inform European Central Bank policy than political threats to financial stability, with some investors raising concerns the central bank could soon switch to a more hawkish tone.
Donald Trump’s planned tariffs on aluminum and steel cast a dovish cloud over Thursday’s ECB meeting, although the governing council’s removal of reference to the potential expansion of quantitative easing indicated it is ultimately committed to tightening money policy.
The European Central Bank (ECB) has begun to unwind quantitative easing, reducing its bond purchases to €30bn a month from €60bn last year. The situation will be reviewed again at the end of September, with some predicting it will swiftly move to zero.
Inflation, or the lack of it, especially in Europe, is one of the biggest uncertainties facing the markets in 2018, according to Karen Ward, the new chief market strategist for UK and Europe at JP Morgan Asset Management.
Global financial markets have enjoyed a sustained period of remarkable calm, but will that continue into 2018? AJ Bell’s investment director Russ Mould proposes three potential ‘Black Swan’ events that could surprise markets and taint the year ahead.
It could be said that 2017 marked the beginning of the end of easy money as central banks started to move towards a tighter policy towards quantitative easing and interest rates. So, what is to come next?
Bond and equity markets were left unmoved after ECB-president Mario Draghi announced on Thursday that the ECB will cut the size of its monthly asset purchases in half from January next year.
Asset managers expect a hawkish move by Mario Draghi at the European Central Bank’s (ECB) board meeting today.
The ECB is considering cutting its monthly bond buying from €60bn to €30bn at its next board meeting on 26 October, according to a Bloomberg report.
The European Central Bank (ECB) will begin unwinding its monetary stimulus programme this year but investors shouldn’t expect a rate hike until at least 2019, according to analysts at Lyxor Asset Management.
European high yield has had a good run so far this year but can that continue as the European Central Bank turns off the quantitative easing (QE) tap?
European Central Bank (ECB) president Mario Draghi was tight-lipped on tapering following the bank’s latest policy meeting, but industry figures remain confident the ECB will roll back the pace of asset purchases from next month.
