By Reuters Staff
2 Min Read
FILE PHOTO: European Commissioner for Economy Paolo Gentiloni attends a media conference in Brussels, Belgium November 18, 2020. REUTERS/Johanna Geron/Pool/File Photo
ROME (Reuters) - Europe will decide whether to extend the suspension of its rules limiting budget deficits and debt, known as the Stability and Growth Pact (SGP), in coming weeks, the Commissioner for Economy Paolo Gentiloni said on Monday.
“In coming weeks we will decide if and how to extend the freezing of the Pact, and in coming months we will start thinking about how to re-calibrate it according to Europe’s new strategic objectives,” Gentiloni told daily La Stampa in an interview.
Fewer than half Black Lloyd's of London staff believe senior leaders in the insurance market create opportunities for everyone and only two-thirds think they mean what they say, the market's second annual culture survey showed on Monday.
Global stock markets fell on Monday as expectations of faster growth and quickening inflation battered bonds, boosted commodities and led to a further rotation out of the big tech names that have driven the equity rally during the pandemic.
LONDON, Feb 18 (Reuters) - World stocks were battling to avoid a second day of declines on Thursday as hints of rising inflation led by a one-year high in oil prices and the strongest copper prices in nearly a decade kept traders in check after a boisterous run up.
Europe’s share markets managed to scrape together some early gains as commodities bulls drove drillers and miners up 2.5% to offset disappointing earnings numbers from companies including Airbus and Orange.
Wall Street futures were stuck in the red, though, and most of Asia’s indexes had dipped overnight. China returned from its Lunar New Year holiday to the sight its central bank draining 260 billion yuan ($40.31 billion) from money markets, raising concern about backdoor policy tightening.
Brazilian right-wing President Jair Bolsonaro's approval rating slumped to 32.9% in February, from 41.2% in October, according to a poll published on Monday by transport association CNT.