BRUSSELS/FRANKFURT/PARIS (dpa-AFX) - European stocks hit a one-year high on Thursday as tame U.S. consumer inflation data helped ease concerns about inflation and the U.S. House of Representatives
Annual euro zone inflation could rise to 2% towards the end of this year, but any such change would be driven by exceptional factors and thus have no clear impact on monetary policy, European Central Bank President Christine Lagarde said.
ECB s Lagarde Says Rising Market Interest Rates Undesirable
BRUSSELS/FRANKFURT/PARIS (dpa-AFX) - Sustained increase in market interest rates could derail the Eurozone economy s recovery from the coronavirus pandemic-induced slump, European Central Bank President Christine Lagarde said Thursday as the bank decided to accelerate its bond purchases over the next quarter. Market interest rates have increased since the start of the year, which poses a risk to wider financing conditions, Lagarde said in her introductory statement to the post-decision press conference. If sizeable and persistent, increases in these market interest rates, when left unchecked, could translate into a premature tightening of financing conditions for all sectors of the economy, she added.
Tokyo stocks advance further following rises abroad japantimes.co.jp - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from japantimes.co.jp Daily Mail and Mail on Sunday newspapers.
The spotlight is on 3 people at a delicate moment for markets
Investors are starting to push away anxiety about a spike in prices later this year. But continued calm may hinge on what three people have to say in the next week.
What’s happening: Investors will hang on to every word from European Central Bank President Christine Lagarde, Federal Reserve Chair Jerome Powell and Bank of England Governor Andrew Bailey as these institutions announce policy decisions in the coming days.
Traders will be looking for reassurance that policymakers intend to keep interest rates low and continue massive bond-buying programs even as the post-pandemic economy starts to heat up.