The ECB, IMF & European Commission

Sunday, 10 April 2011 06:02

The ECB, IMF and the European Commission will be meeting this coming week to determine the exact details of Portugal’s bailout, Portugal is the third European nation to require a bailout since the global crisis occurred in mid 2009.

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ECB increases rates by 25bps

Thursday, 7 April 2011 08:02

ECB rates the benchmark rate by 25 bps points. This means the Main refinancing operations (fixed rate) is now 1.25%, Marginal lending facility is now 2.00% and the Deposit facility is now 0.50%

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Global markets are expecting an interest rate increase

Thursday, 7 April 2011 09:52

Global markets are expecting an interest rate increase Thursday from the European Central Bank, the question will be how much they will move and if more increases are planned in the coming months.

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Markets solid on the opening off the back of good close in the US

Monday, 4 April 2011 03:09

Markets solid on the opening off the back of good close in the US on Fiday, FTSE, DAX, IBEX, STOXX, MIB, all showing gains except the CAC which is in slight negative territory.

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Euroland

Thursday, 31 March 2011 11:54

Bank of Ireland slid 11% amid speculation the government may be forced to take a controlling stake following tomorrow’s stress tests. After European markets closed, it has been revealed that three of Ireland’s biggest banks may have to raise a combined 9 billion euros ($12.7 billion) in capital.

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