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Search resuls for: "De Guindos"


8 mentions found


☆ Morning Bid: In Hunt we Truss
  + stars: | 2022-10-17 | by ( ) www.reuters.com   time to read: +2 min
While insisting Truss, who is fighting to keep her job, is indeed in charge, Hunt catalogued the mistakes made in the past few weeks and signalled that tighter spending controls and some tax rises are on the way. Register now for FREE unlimited access to Reuters.com Register"I think what the country wants now is stability." Monday will test all sides in the UK gilt markets now that the central bank's emergency bond-buying programme has concluded. Hunt has already spoken to the Bank of England Governor Andrew Bailey, agreeing on the need to repair the public finances. Sterling has nudged higher after Truss reversed some of her government's economic plan, not long after she sacked Kwasi Kwarteng as finance minister.
☆ Morning Bid: Core beliefs
  + stars: | 2022-10-13 | by ( ) www.reuters.com   time to read: +4 min
A look at the day ahead in U.S. and global markets from Mike Dolan. And that core inflation rate is forecast to have higher again in September to 6.5% from 6.3%. Ten-year Treasury yields have risen about 60bp to just under 4%, the S&P500 (.SPX) has lost more than 10% and the dollar (.DXY) has boomed almost 5%. Worryingly for Tokyo, the latest G7 finance ministers statement mentioned nothing about currency market ructions. They do not reflect the views of Reuters News, which, under the Trust Principles, is committed to integrity, independence, and freedom from bias.
☆ Morning Bid: Dysfunction and intervention
  + stars: | 2022-09-29 | by ( ) www.reuters.com   time to read: +5 min
Amid all the chaos in British bond markets, the forced intervention by the Bank of England to buy gilts has given some investors a crumb of comfort about the limits of central bank tightening. Cold comfort maybe, but enough to drag bond yields back and lift stocks briefly around the world. While 30-year gilt yields steadied just below 4% on Thursday after their 100bp swoon the previous day, the pound was sliding again and UK midcap stocks dropped. read moreEasing inflation in Spain was better news read more . Market leader Inditex (ITX.MC), the owner of Zara, slipped 2.2%, while the wider STOXX retailers index <.SXRP> slid 4.3%.
☆ Morning Bid: U-turn sparks huge turn
  + stars: | 2022-09-28 | by ( ) www.reuters.com   time to read: +2 min
Take Britain, where a government budget on Friday sparked a run on the pound and gilts, accelerated the downdraft across world markets, before prompting an astonishing policy U-turn from the Bank of England on Wednesday. This unleashed a wave of buying across British assets - the 30-year gilt yield sank a record 100 basis points and sterling rose 1.5% - and triggered a pent-up recovery across world markets. The relief was palpable: world stocks and the S&P 500 snapped six-day losing streaks, with the S&P 500 jumping around 2%. Its tinkering at the edges seems to have failed, so will it soon have to take more forceful action to support the yuan? They do not reflect the views of Reuters News, which, under the Trust Principles, is committed to integrity, independence, and freedom from bias.
☆ Morning Bid: A BoE Bitter Pill?
  + stars: | 2022-09-27 | by ( ) www.reuters.com   time to read: +2 min
A commuter emerges from the London Underground near to the Bank of England, in London, Britain, September 26, 2022. The cost of money is moving so fast that mortgagees can't keep up and have pulled products to reprice them. Register now for FREE unlimited access to Reuters.com RegisterThe Bank of England said it wouldn't hesitate to raise rates. What that means, exactly, will be tested from 1100 GMT when chief economist Huw Pill appears at a panel event. Asia on Tuesday took profits on the U.S. dollar's surge and bid up stock futures a little bit, but signs of stress abound.
☆ Morning Bid: Eye of the storm
  + stars: | 2022-09-27 | by ( ) www.reuters.com   time to read: +5 min
REUTERS/Shannon Stapleton TPX IMAGES OF THE DAYA look at the day ahead in U.S. and global markets from Mike Dolan. As Hurricane Ian raged and set its sights on Cuba and Florida, a global financial storm in bond and currency markets calmed moderately - though likely only temporarily. read moreRegister now for FREE unlimited access to Reuters.com RegisterFor all its potential destruction, Ian doesn't yet appear on the world markets radar. UK debt auctions this week will be watched very closely. But this may be the eye of the storm.
☆ ECB not consulted yet on Spanish banking tax proposal, de Guindos says
  + stars: | 2022-09-19 | by ( Jesús Aguado Emma Pinedo | Jesús Aguado | Emma Pinedo | ) www.reuters.com   time to read: +2 min
Luis de Guindos, vice-president of the European Central Bank, speaks during a Reuters Breakingviews event in New York, U.S., April 25, 2019. Register now for FREE unlimited access to Reuters.com RegisterEven though higher interest rates are boosting banks' financial margins, De Guindos said that a banking levy right now could have negative side-effects. "We could find ourselves in a situation that requires higher provisions" from banks to cope with higher loan losses. "We don't have to look just at the short term, let's look beyond it," De Guindos said, warning of the risks to the companies most affected by the energy crunch. The Spanish government wants the legislation approved before the end of the year.
☆ Further interest rate hikes will depend on data, ECB's de Guindos says
  + stars: | 2022-09-19 | by ( ) www.reuters.com   time to read: +1 min
Register now for FREE unlimited access to Reuters.com RegisterVice-President of the European Central Bank (ECB) Luis de Guindos gives a statement during the second day of the Informal Meeting of EU Ministers for Economics and Financial Affairs in Berlin, Germany September 12, 2020. Odd Andersen/Pool via REUTERSMADRID, Sept 19 (Reuters) - The exact number of further interest rate increases by the European Central Bank will depend on upcoming macroeconomic data, ECB Vice-president Luis de Guindos said on Monday. read more"Monetary policy always tries to act to fight inflation, that will have an effect on consumer spending and investment by companies...and further interest rates increases will depend on economic data," de Guindos told a financial event in Madrid. "Inflation is the biggest pain for European population," he added. Register now for FREE unlimited access to Reuters.com RegisterReporting by Jesús Aguado and Emma Pinedo, editing by Andrei KhalipOur Standards: The Thomson Reuters Trust Principles.
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