The European Central Bank (ECB) is the central bank of the 19 European Union countries which have adopted the euro. Our main task is to maintain price stability in the euro area and so preserve the purchasing power of the single currency.
MONEYWEB
LIVESTREAM
The S&P 500 weakened for a second day.
By Andreea Papuc and Emily Barrett, Bloomberg
12 May 2021 08:23
Image: Qilai Shen/Bloomberg
Stocks weakened Wednesday as investors awaited inflation figures that could reinforce the risk of higher price pressures derailing the economic recovery from the pandemic.
Most Asia stocks slid, along with US and European equity futures. Taiwanâs benchmark dropped as much as 8.6% on a tech rout and Covid-19 curbs, with margin calls exacerbating the selloff. An Asia-Pacific gauge was set for its lowest close since January. Nasdaq 100 futures underperformed after dip buyers helped the tech-heavy gauge to close roughly flat overnight. The S&P 500 weakened for a second day.
European Shares Set To Extend Losses As Inflation Worries Persist
BRUSSELS/FRANKFURT/PARIS (dpa-AFX) - European stocks look set to extend losses on Wednesday as investors await inflation report and government debt sales in the U.S. as well as a scheduled speech by Bank of England Governor Andrew Bailey for directional cues.
The U.S. CPI report due later in the day is forecast to show prices continued to increase in April.
The U.S. 10-year Treasury yield jumped to more than a one-week high, helping lift the dollar and weighing on gold.
Oil traded flat after rising overnight as OPEC stuck to its prediction of a strong recovery in world oil demand in 2021.
Philipp Hartmann, Glenn Schepens 12 May 2021
The 2020 ECB Forum on Central Banking addressed some key issues from the ongoing monetary policy strategy review and embedded them in discussions of major structural changes in advanced economies and the post-COVID recovery. In this column, two of the organisers highlight some of the main points from the papers and debates, including whether globalisation is reversing, implications of climate change, options for formulating the ECB s inflation aim, challenges with informal monetary policy communication, relationships between financial stability and monetary policy, how to make a monetary policy framework robust to deflation or inflation traps and the role of fiscal policy for the recovery from the pandemic.
Stocks, Futures Decline Before U S CPI; Dollar Up: Markets Wrap swissinfo.ch - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from swissinfo.ch Daily Mail and Mail on Sunday newspapers.