Another ECB interest rate cut is coming after European Central Bank President Mario Draghi unveiled his most daring stimulus package yet today (Thursday).
Part of this package is another ECB interest rate cut that will affect U.S. stocks. The cut will hurt some U.S. companies and help others.
But before we get to that, let's look at what Draghi's stimulus package entails....
Another ECB interest rate cut is coming after European Central Bank President Mario Draghi unveiled his most daring stimulus package yet today (Thursday).
Part of this package is another ECB interest rate cut that will affect U.S. stocks. The cut will hurt some U.S. companies and help others.
But before we get to that, let's look at what Draghi's stimulus package entails....
The European Central Bank announced a number of monetary policy changes Thursday in attempts to spur anemic growth and fend off slack inflation.
Disappointed investors sent stocks lower in early trading.
Here's what the ECB decision means for investors...
Yesterday Keith sat down on FOX News while the markets roiled and distilled a very simple message about what's going wrong in Greece.
It's not primarily a political problem; it's a mathematical one. And until Greece - and an alarming number of Western governments, including the U.S. - realize that, the chaos will only continue.
A few weeks ago, the man formerly known as the Bond King, Bill Gross, tweeted that shorting German bunds would be the trade of the century.
I was gratified to see that he was reading my mind, as readers of my Credit Strategist newsletter already know.
As a result of a massive bond-buying program by the European Central Bank (ECB), the yields not only on German bunds but on all European debt had plunged to ridiculously low levels.
Here's what you need to know...
The European Central Bank quantitative easing regime is officially in full swing.
European Central Bank data released last Friday indicated as much. The sovereign bond-buying program began March 9. And in just two weeks, Eurozone central banks had already purchased 26.3 billion euros. This is all while economic indicators seem to point toward a recovery.
We're living in crazy economic times.
The race to debase and stimulate has taken us into uncharted financial waters.
Zero interest rate policies (ZIRP) are being replaced with negative interest rate policies (NIRP).
It's an upside-down banking environment that presents some serious challenges.
But investors who are willing to get just a little creative can profit nicely, even as others lose money that just sits there.
And, even better, the shares are trading at an 8% discount now...
Google Inc.'s (Nasdaq: GOOG) plan to merge its European operations might look like a defensive pullback, but it's really a potential buying opportunity. In fact, Money Morning's Defense and Tech Specialist Michael Robinson thinks the stock could soar 50% over the next three and a half years.
The search giant said on February 25 that it would merge its two European divisions.
One of my favorite lines is "I'm not the kind of guy to say I told you so - but if I was, I'd sure be saying it now." As far as saying "I told you so," back in the summer of 2008, in my "Friday Night Illumination" emails to my banker and trader friends, […]
Last week, the European Central Bank's turn finally came to announce large scale quantitative easing.
As the continent witnesses a battle between deflation and attempts at inflation, will it finally be enough?
Europe is following in the footsteps of the United States, hoping for similar "successful" results.
Instead, it's likely to fall somewhere between the U.S. and Japan.
From the Land of the Rising Sun there is precedent, but it's a forewarning.
ECB QE and EU LTRO for Dummies: As soon as you read this explanation, comprehensible to even the dumbest of the dumb, you'll be set to trade initials.
We made 382% gains trading these initials. And there's more: Once we closed out, we re-entered.. and now we're up 180%.
Here's how to make real, easy money from the world's biggest economic experiment...
The European Central Bank (ECB) took a dramatic policy leap Thursday morning...
ECB President Mario Draghi launched a quantitative easing program (QE) that will pump hundreds of billions into Europe's economy.
Here's just what that means (and how it looks)...
The Swiss National Bank's three-year old franc-euro peg is no longer.
Yesterday (Thursday), the Swiss National Bank decoupled its fixed 1.2 CHF/€ exchange rate. This was on expectations that the European Central Bank will announce a quantitative easing policy in next week's meeting.
Here's why the Swiss abandoned the peg...
On September 4, the European Central Bank lowered the interest rate on its main refinancing operations by 10 basis points to 0.05%. In addition, the interest rate on its marginal lending facility was reduced by 10 basis points to 0.30% and the interest rate on its deposit facility was reduced by 10 basis points as well to -0.20%.
These rate cuts came as a bit of a surprise to the markets since only three months ago the central bank cut interest rates and was waiting for these cuts to stimulate economic growth.
Unfortunately, growth has slowed rather than jumped since then...
Stock market news today, September 4, 2014: U.S. stock futures were up this morning (Thursday) following a mixed trading session in the stock market Wednesday. Apple Inc. (Nasdaq: AAPL) - which accounts for nearly 9% of the Nasdaq - slumped 4.22% yesterday after a possible breach of its iCloud. As a result, the Nasdaq slipped 0.56% (25.62 points).
Here’s a list of the top stock market news for Thursday…
Stock market today, August 28, 2014: This morning, the U.S. Commerce Department revised second-quarter GDP upward to 4.2% growth, while jobless claims slipped to 298,000 for last week.
Last week, European Central Bank President Mario Draghi affirmed his commitments to Eurozone QE. Despite the optimism, many analysts remain divided on whether the ECB will act as soon as next week or wait until some point in the fall.
Here’s what you should know to make your Wednesday profitable…
