Oil giant Royal Dutch Shell on Thursday reported weaker-than-expected third-quarter earnings and announced it had set itself a bigger carbon reduction target.
Archiv für den Monat: Oktober 2021
Ford shatters Wall Street’s earnings expectations, raises guidance for the year on new vehicle demand
Ford nearly doubled Wall Street’s earnings expectations and slightly beat revenue projections for the third quarter.
Euro Q4 Fundamental Forecast: More Euro Weakness Likely Lies Ahead
The ECB, and by extension the Euro, faces the unenviable combination in Q4 of weakening economic growth and above-target inflation.
Germany October preliminary CPI +4.5% vs +4.4% y/y expected
Latest data released by Destatis – 28 October 2021
Base effects have some role to do with this amid the VAT reduction in the second half of last year but the trend across the region is undeniable as rising cost pressures and import/producer prices are also feeding through to consumer inflation now.
Base effects have some role to do with this amid the VAT reduction in the second half of last year but the trend across the region is undeniable as rising cost pressures and import/producer prices are also feeding through to consumer inflation now.
Watch: ECB president Lagarde press conference at 1230 GMT
The market will poke an prod at Lagarde’s comments on inflation
Keep an eye out for any talk about the economic outlook as the inevitable slowdown carries over to next year and also watch for any remarks on how policymakers are viewing market expectations on any rate moves by the ECB.
Keep an eye out for any talk about the economic outlook as the inevitable slowdown carries over to next year and also watch for any remarks on how policymakers are viewing market expectations on any rate moves by the ECB.
ECB leaves key rates unchanged in October monetary policy meeting, as expected
ECB announces their latest monetary policy decision – 28 October 2021
Pretty much no key changes whatsoever to the statement details and forward guidance, as is expected. It is all about the language today and that will center on Lagarde’s press conference instead, as mentioned earlier .
Pretty much no key changes whatsoever to the statement details and forward guidance, as is expected. It is all about the language today and that will center on Lagarde’s press conference instead, as mentioned earlier .
ForexLive European FX news wrap: Currencies quiet, yield curve continues to flatten
Forex news from the European trading session – 28 October 2021
Headlines:
Markets:
– JPY leads, CHF lags on the day
– European equities mixed; S&P 500 futures up 0.3%
Headlines:
Markets:
– JPY leads, CHF lags on the day
– European equities mixed; S&P 500 futures up 0.3%
What to expect from the ECB later today?
A placeholder meeting for December?
Well, for the most part perhaps. No changes to policy is expected as the ECB continues to slowly wind down PEPP by March next year. I’d still argue that they will keep that timeline in place just to be safe rather than sorry.
Well, for the most part perhaps. No changes to policy is expected as the ECB continues to slowly wind down PEPP by March next year. I’d still argue that they will keep that timeline in place just to be safe rather than sorry.