Dovish Draghi helps lift European stocks to June highs
Dovish Draghi helps lift European stocks to June highs
ECB calls halt to quantitative easing, despite 'soft' euro
17 June, 2018, 05:44
In currencies, the USA dollar slipped against the safe-haven yen in the wake of the announced tariffs, while the dollar index, which measures the greenback against six currencies, rose 0.01 percent.
The S&P 500 edged up and the Nasdaq reached another record closing high on Thursday after the European Central Bank said it would avoid raising interest rates until mid-2019, and data showed USA economic strength.
The single currency stabilized on Friday, trading up 0.1% against a broadly strong dollar at $1.1573.
French tele-services provider Teleperformance jumped 5.8 per cent to a record high after agreeing to buy India-based Intelenet from United States private equity firm Blackstone for US$1 billion.
It stretched overnight losses to brush $1.1555, lowest since May 30.
While inflation has remained weak, higher oil prices, increasingly evident wage pressures and record employment suggest that prices will be moving up in the coming years, even if more slowly than the European Central Bank had originally hoped. Futures markets are pointing to stronger opening moves across the region.
The outbreak of a global trade war has been the most frequently cited "biggest tail risk" by investors this year in Bank of America Merrill Lynch's monthly survey of global fund managers, on the back of ramped up protectionist rhetoric and measures by the USA administration.
Just hours before the ECB's announcement, the US Federal Reserve hiked interest rates for the second time in 2018, bringing into sharp focus the fact that the flow of easy money in Europe and America over the past decade is gradually ending.
Apple to block popular police method for breaking into iPhones The change may not sound like much, but it probably throws a serious roadblock in law enforcement attempts to break into iPhones. In beta versions of iOS 11.4, Apple had first introduced a rudimentary version of the feature called USB Restricted Mode .
And an acrimonious end to Saturday's Group of Seven summit heightened the risk of a tit-for-tat trade war between European Union nations and U.S. President Donald Trump.
"The Governing Council expects the key European Central Bank interest rates to remain at their present levels at least through the summer of 2019 and in any case for as long as necessary to ensure that the evolution of inflation remains aligned with the current expectations of a sustained adjustment path", the European Central Bank said in a statement. "At the same time, you're moving grudgingly toward that". Uncertainty around the inflation outlook is receding.
USA crude output has risen nearly 30 per cent in the last two years to a record high of 10.9 million bpd.
July West Texas Intermediate crude rose by 25 cents, or 0.4%, to settle at $66.89 a barrel on the New York Mercantile Exchange, the highest finish since May 31.
"The statement is likely to have little effect on longer-term interest rates, but may hold them at current low levels with more stability than would otherwise have been the case". Russian Federation pumped 11.1 million bpd in the first two weeks of June, above Saudi Arabia, which produced slightly more than 10 million bpd.
Interest-rate sensitive sectors such as autos and utilities gained, while banking stocks, which tend to gain from higher interest rates, fell briefly before turning positive once again in volatile trade.
The surge in US output has put pressure on other producers, which are losing market share.
Justin Thomas, Justin Rose , Jon Rahm , Jordan Spieth and Rory McIlroy have a mathematical chance to reach No. 1 this week. The second-round leader made double bogey on the second hole on Saturday, dropping him to 2 under for the tournament.
Netflix and WBTV are also in business on the upcoming dark Sabrina the Teenage Witch series " Chilling Adventures of Sabrina ". Lucifer is produced by Warner Bros. "Thank you #Netflix for snatching us up, we love you already", wrote German on Instagram.
Based on the gameplay, this remake seems to point out the fact that it will be giving some really intense horror feels. The same report noted that Capcom maintained the basic layouts of the environment in the original " Resident Evil 2 ".
He had four consecutive bogeys before parring the 12th, despite the serenading of "Happy Birthday" from the crowds at every hole. Mickelson made one of the most shocking breaches of the rules in recent golf history during the third round of the U.S.
It played at the ODI World Cup for the first time in 2015 and has already qualified for next year's championship in England. After winning the toss, India opted to bat first - Shikhar Dhawan and Murali Vijay opened the innings for Team India .
If 2-3 guys can bat for longer period of time, they can be a decent Test side, Rahane sounded hopeful. Simmons, however, remained optimistic about the current group."First, their learning curve is huge.
It was odd for him to make the mistake at his 17th, the eighth, as that was one pin you could not take on and nobody did. Phil Mickelson pulled a move Saturday that an average golfer has likely done at least once in his or her lifetime.
The Pavillion statement added: "This once-famous street will need public and political help now more than ever". Flames and plumes of smoke engulfed the world-renowned Mackintosh building in the city centre.
Argentina team to face Iceland: Caballero, Salvio, Otamendi, Rojo, Tagliafico, Meza, Mascherano, Biglia, Di Maria, Messi, Aguero. Argentina have gone past the first round in 11 of their last 12 World Cup appearances, the only exception coming in 2002.
Western's Weather Wrap: Hot Father's Day Weekend
This also means humidity will be very high throughout the day as well even if you don't get under one of these showers. An approaching cold front probably makes this the last day of sweltering heat.
Slain Kansas deputies were both parents
Bailiff said she was not sure whether the suspect was shot by one of the deputies or someone else who responded to the incident. Both of them were parents, according to authorities. "It's a tremendous, great loss to our agency".
Taxi runs into crowd in central Moscow, injuring eight
A witness at the scene told Reuters news agency that some of the people hit were wearing Mexico team colours. One injured woman was in serious but not critical condition, according to Interfax, citing a medical source.
Paolo Guerrero Named In Peru Squad
Guerrero was initially banned for 12 months by Federation Internationale de Football Association , reduced to six on appeal. Former Arsenal striker and cult hero Nicklas Bendtner has been left out of Denmark's 23-man squad for the World Cup .
Kerr smashes records in big win
She had no idea which records were tumbling as she peppered the Clontarf Cricket Club boundary with 31 fours and two sixes. India's Rohit Sharma has the highest score in a one-day worldwide , making 264 against Sri Lanka in Kolkata in 2014.
Apple Maps is more broken than usual
Update 10:46AM PDT: Apple has updated their System Status page to indicate everything is now working properly, as of 10:05AM PDT. In a tweet, Apple's Support account said that it would update the system status page 'as more information becomes available'.
Michael Porter Jr. Cleared For Friday Pro Day
Porter dropping to the late lottery would be a noteworthy turn of events for a player rated so highly in his high school class. In November, he underwent microdiscectomy surgery, an operation on his spine.
Spain and Portugal play out thrilling draw in Sochi
Instead, he was forced to watch the ball spin into the back of the net after failing to contain it with his open palms. Portugal will now meet Egypt next, while Spain take on temporary group leaders Iran.