While the European Central Bank’s new OMT bond-purchase programme announced at today’s press conference was in line with previous leaks, by making peripheral debt potentially investable again the programme has significant ongoing investment im
“After months of delay and inaction, the President of the European Central Bank (ECB) Mario Draghi has today announced the restarting of sovereign bond buying after earlier announcing no change in interest rates (0.75%).
Mr Browne said the BBA, the leading trade body for the bank sector, would work to regain public trust.
So, in normal times, the Treasury jumps from a great height on anyone in government who speculates on tax policy.
The reported 13% fall in jewellery demand over the past year does not explain gold price weakness in this period. Instead, the key has been flat demand from investors, especially from China and India.
The below charts compare the indicators with the six-month forward return on the Euro Stoxx 50 and S&P 500 respectively, meaning the last blue observation is the return on the index today if one had invested six-months ago.