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Posts Tagged: “eurozone“
ECB Cuts Interest Rates Amid Persistent Economic Risks
On June 5th, the European Central Bank (ECB) Governing Council announced another round of interest rate reductions, lowering key rates by 25 basis points. Starting June 11th, the deposit facility rate will fall to 2.00%, the main refinancing operations rate to 2.15%, and the marginal lending facility rate to 2.40%. This move underscores the ECB’s […]
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Is France the Next Greece?
French markets have found some relief after the first round of its latest election, with stocks recovering somewhat and bond yields falling after reaching a 12-year high. But no matter which side wins in France, the market is afraid that an increase in unsustainable spending could be the common denominator.
European ETF Gold Holdings Hit Record Level
The amount of gold held by Europe-based ETFs hit a record high in the first quarter of 2019, according to a report by the World Gold Council. European funds now hold 1,121.4 tons of gold. The WGC pinpoints three primary drivers of European gold investment.
Could Big European Banks Drag the World Economy Down?
Humans are by nature somewhat myopic. We tend to focus primarily on what is right in front of us and filter out things further removed. As a result, we can sometimes overlook important factors. As Americans, we generally devote most of our attention on American policy. We follow political maneuverings in Washington D.C., study the […]