Dependent. Whats the appetite . Just over an hour to go until we get the results of the ecbs first auction. With expectations that banks will take up around 150 billion euros in loans. Investors cheer plans to float its plastic business, allowing the german drugmaker to focus on its crop sooiz unit. Thumbs up, shares of solar surge to the top of the stoxx 600 on reports that rand is eyeing a merger with the industrial group. Announcer youre watching worldwide exchange, bringing you Business News from around the globe. The central bank reassuring markets that rates will continue to stay near historic lows. The fed kept the phrase for a considerable time in its post meeting statement. Janet yellen noted the forecast hasnt changed much since their last meeting in june. There is no mechanical term of interpretation of what the term considerable time means. As ive said repeatedly, the decisions that the Committee Makes about what is the appropriate time to begin to raise its target for the
Given what we just saw on the gdp . I think the new normal is the old normal. Stock give you pretty good turns, especially on top of inflation. Stocks are going to be once again a big part of peoples portfolios. You have a right to be cautious. I only need one number to put you back in now we talked about this last time. I was going for slower appreciation. Guys, thank you very much. That does it for us today. Right now its time for squawk on the street. Good morning to you all. Im melissa lee, along with jim cramer, david faber at the new york stock exchange. Carl quintanilla is live where research in motion is holding their blackberry 10 launch today. Lets look at futures and how were setting up for the day. We saw a bit of a reversal on the gdp numbers, the first contraction since 2009. Now were in negative territory. As for europe, confidence coming in stronger in the real star here. The euro topping 135 for the First Time Since april 2010. And strengthening even more after the gdp
The past week was notably sparse in terms of macroeconomic statistics. Consequently, the market participants' sentiment largely depended on the statements made at the World Economic Forum in Davos (WEF). It's worth noting that this event, held annually at a ski resort in Switzerland, gathers representatives of the global elite from over 120 countries. There, amidst the sparkling, crystal-clear snow glistening in the sunlight, the world's power players discuss economic issues and international politics. This year, the 54th edition of the forum took place from January 15 to 19.
Eurozone bank lending and money supply registered slower growth in June, reflecting the pass through effect of the rising interest rates, data released by the European Central Bank revealed on Wednesday.