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  • ECB to end bond buys but signals rate hike is distant

    One year ago - By Reuters

    The European Central Bank announced on Thursday it would wrap up its unprecedented bond purchase scheme by the close of the year, its biggest step in dismantling crisis-era stimulus a decade after the start of the euro zone's economic downturn.
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  • Strong retail sales help lift US stocks early

    One year ago - By Chron

    NEW YORK - U.S. stocks ticked higher Thursday after Europe's central bank became the latest to spell out how it will close the spigot on the emergency stimulus it's flooded the market with in recent years.
    More evidence also arrived to show that the U.S. economy is improving after retail sales rose the most in six months, and the S&P 500 was on pace for its fourth gain in the last five days.
    KEEPING SCORE: The S&P 500 was up 7 points, or 0.3 percent, at 2,783, as of 9:50 a.m. Eastern time. The Dow Jones industrial average gained 67, or 0.3 percent, to 25,268, and the Nasdaq composite rose...
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  • Wall Street rises after ECB statement, retail sales data

    One year ago - By Reuters

    U.S. stocks rose on Thursday after the European Central Bank promised not to raise euro zone interest rates before the middle of next year and on better-than-expected May retail sales data.
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  • Wall Street opens higher after ECB decision, retail sales data

    One year ago - By Reuters

    U.S. stocks opened higher on Thursday on better-than-expected May retail sales data, while investors assessed the European Central Bank's move to end its stimulus program and the U.S. Federal Reserve's guidance on monetary policy.
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  • Euro slides after ECB says it will end its 2.5 trillion euro bond-buying program

    Euro slides after ECB says it will end its 2.5 trillion euro bond-buying program

    One year ago - By Business Insider

    The European Central Bank said Thursday it will end its bond-buying program in December.
    The central bank also said it expects to keep rates unchanged through the summer of 2019.
    The euro fell 0.73% against the greenback following the announcements.
    The euro slid versus the dollar Thursday after the European Central Bank said it would end its €2.5 trillion bond-buying program at the end of the year and expects to keep rates steady through next summer.
    The euro was down 0.78% against the dollar at 8:50 a.m. ET.
    The ECB said in a statement that the large-scale stimulus program, which has...
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  • European Central Bank sets end date for huge stimulus program

    One year ago - By CNN Mone

    Since launching quantitative easing in March 2015, the European Central Bank has bought trillions of euros worth of bonds.
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  • Euro slides after ECB says it will end its 2.5 trillion euro bond-buying program

    Euro slides after ECB says it will end its 2.5 trillion euro bond-buying program

    One year ago - By Business Insider

    The European Central Bank said Thursday it will end its bond-buying program in December.
    The central bank also said it expects to keep rates unchanged through the summer of 2019.
    The euro fell 0.55% against the greenback following the announcements.
    The euro slid versus the dollar Thursday after the European Central Bank said it would end its €2.5 trillion bond-buying program at the end of the year and expects to keep rates steady through next summer.
    The euro was down 0.56% against the dollar at 8:30 a.m. ET.
    The ECB said in a statement that the large-scale stimulus program, which has...
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  • Euro tumbles as ECB vows to keep rate down

    One year ago - By Reuters

    LONDON - The euro fell a full cent against the dollar and government borrowing costs dropped on Thursday, after the European Central Bank vowed not to raise euro zone interest rates before the middle of next year.
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  • The European Central Bank just called time on its $3 trillion stimulus programme

    The European Central Bank just called time on its $3 trillion stimulus programme

    One year ago - By Business Insider

    The European Central Bank announced on Thursday that it will bring to an end the near $3 trillion bond buying programme it has undertaken since the eurozone debt crisis.
    Bond purchases are currently running at a maximum of €30 billion per month, but will be lowered to €15 billion per month from September, before being completely stopped at the end of December.
    "The Governing Council anticipates that, after September 2018, subject to incoming data confirming the Governing Council's medium-term inflation outlook, the monthly pace of the net asset purchases will be reduced to €15 billion...
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  • The European Central Bank just called time on its $3 trillion stimulus programme

    The European Central Bank just called time on its $3 trillion stimulus programme

    One year ago - By Business Insider

    The European Central Bank announced on Thursday that it will bring to an end the near $3 trillion bond buying programme it has undertaken since the eurozone debt crisis.
    Bond purchases are currently running at a maximum of €30 billion per month, but will be lowered to €15 billion per month from September, before being completely stopped at the end of December.
    "The Governing Council anticipates that, after September 2018, subject to incoming data confirming the Governing Council's medium-term inflation outlook, the monthly pace of the net asset purchases will be reduced to €15 billion...
    Read more ...