The European Central Bank just called time on its €2.5 trillion stimulus programme
17 June, 2018, 11:43
The euro has dropped sharply after the European Central Bank said it will end its bond-buying stimulus program after December.
CURRENCIES: The dollar rose to 110.68 Japanese yen from 110.65 yen while the euro was flat at $1.1568.
Chinese stocks led the losses, with the benchmark Shanghai Composite index plumbing a 20-month low, as investors anxious about the economic damage from the trade tensions with the United State.
The euro was 0.35 percent higher at $1.1608.
The Asia Pacific MSCI index ex-Japan edged down 0.3%, with many regional markets shrugging off a strong close on Wall Street.
Overall, analysts said the ECB's exit announcement from bond buying had been well-handled, as it prompted no drastic market reactions.
The euro was headed for its worst weekly loss in 19 months after the European Central Bank signalled on Thursday it will keep interest rates at record lows into at least mid-2019, even as it pledged to end its massive bond purchase scheme by the end of this year. Although it might seem like a positive development, markets' enthusiasm for the Euro sank when it appeared that interest rates would remain stagnant through the summer of next year.
The single currency was hammered on trading floors after the ECB's announcement Thursday, which was accompanied by a cut in its eurozone growth outlook, citing rising protectionism and global trade fears.
US President Donald Trump has made up his mind to impose "pretty significant" tariffs and will unveil a list targeting $50bn of Chinese goods on Friday, an administration official said.
Moreover, the President of the European Central Bank committed to subdued interest rates at record low levels for "as long as necessary" to reach the 2% target rate of inflation.
The Dow Jones Industrial Average fell 49.71 points, or 0.2 percent, to 25,151.49, but the S&P 500 gained 4.48 points, or 0.16 percent, to 2,780.11 and the Nasdaq Composite added 50.68 points, or 0.66 percent, to 7,746.38. After lifting interest rates to 2pc, its policymakers geared markets up for two more increases in borrowing rates in the U.S. this year through its dotplot projections.
Italy's new populist government is a coalition between the anti-establishment 5-Star Movement and the anti-immigration League.
Mindful of the Bank's two disastrous hikes in 2011 that exasperated the Eurozone's debt crisis, the Bank will seek to balance raising rates with aggravating the debt.
Across the Atlantic, the US Federal Reserve moved to increase interest rates, responding to strong retail sales.
Oil prices were little changed as investors eyed a key Organisation of Petroleum Exporting Countries meeting in Vienna.
West Texas Intermediate (WTI) crude oil futures were up 0.1% at $66.93 a barrel, while Brent was down 0.1% at $75.87.
Several Japanese media outlets said Kim had expressed a readiness to meet Abe when he held a summit with Trump. The statement came despite the lack of concrete proof that North Korea will discontinue its nuclear program.
After winning the Kentucky Derby and the Preakness, Justify enters the third leg of the Triple Crown as the heavy favorite. The Kentucky Derby and Preakness victor opened at the 4-5 favorite with about an hour to go before the Belmont Stakes .
Throughout the summit, photographers captured photos of the tension between Trump and other world leaders. Japanese Prime Minister Shinzo Abe did not show a clear stance on the issue, the official said.
As of late Thursday afternoon, the utility reported it still had 85 customers affected in the area, with no estimated fix time. Newswatch 16 got a tour inside Wilkes-Barre Township Commons, a shopping area that's been shredded by 130-mile hour winds.
Officers later learned that the child "escaped his mother's watchful eye" and left his home, according to police. Sergeant Mannino with the Naperville police department saw the boy and sprung into action.
It also said Trump committed to unspecified "security guarantees" for Pyongyang, and to "lift sanctions against it". Still, others might say let's wait until there's an actual peace deal before we start doling out the accolades.
According to the Boring Company , the skates would have Wi-Fi and be large enough to hold passengers and cargo. The Boring Company released Wednesday renderings of what the underground system and rail cars would look like.
And in its repeal decision, the FCC explicitly rejects the idea that it has much authority to regulate Internet providers at all. Political analyst Gary Nordlinger says these new rules could affect the way internet providers do business.
And we charge nothing. "They do this WAY better than the USA gov't, and I am forever grateful", she tweeted . Mr Navarro said Mr Trump "did the courtesy to Justin Trudeau to travel up to Quebec for that summit".
Smartphone with AT&T logo is seen in front of displayed Time Warner logo in this picture illustration taken June 13, 2018. Leon had urged the government not to seek a judicial postponement of the merger for a possible appeal.
American Secretary of State Mike Pompeo spoke at a news conference in Seoul with the South Korean and Japanese foreign ministers. He said the USA remained "committed to achieving the complete, verifiable and irreversible denuclearisation of North Korea ".
Microsoft displayed a record 52 games at the E3 pre-show event including 18 console launch exclusives and 15 world premieres. Of course, there's no guarantee that Microsoft will keep pace with Sony - or even the company's own rapid release pace.
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He said Secretary of State Mike Pompeo and Defence Secretary James Mattis should oppose the one-on-one meeting "in writing". Trump said he urged Kim and other North Korean officials to watch a four-minute video produced before the Singapore summit.
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There's a raccoon across the street that has scaled 22 floors since about 9:30 this morning, that's when he was first spotted. According to the Washington Post , the animal had at one point Tuesday afternoon paused on a ledge 20 stories off the ground.