from MacroScope:

Air getting thin in Frankfurt: Next week at the ECB

November 13, 2015

The supermoon is seen next to the air-traffic warning light illuminated headquarters of the European Central Bank (ECB) in Frankfurt, Germany, early morning September 28, 2015. Sky-watchers around the world were treated when the shadow of Earth cast a reddish glow on the moon, the result of rare combination of an eclipse with the closest full moon of the year. The total "supermoon" lunar eclipse, also known as a "blood moon" is one that appears bigger and brighter than usual as it reaches the point in its orbit that is closest to Earth.  REUTERS/Kai Pfaffenbach - RTX1SSIR

The higher you climb, the thinner the oxygen. As it prints more money to help the economy, the European Central Bank has climbed ever steeper. Yet prices, a barometer of economic health, are dangerously close to reversing. If that happens, and shoppers postpone big buys or companies keep a lid on wages, we could see Japan-like stagnation. To avoid that, the ECB is set to top up bond-buying.

from MacroScope:

Greeks bearing letters

By Mike Peacock
March 9, 2015

Varoufakis arrives at a news conference after an extraordinary euro zone Finance Ministers meeting in Brussels

Greek Finance Minister Yanis Varoufakis must face the music once more at a Eurogroup meeting of euro zone finance ministers.

from MacroScope:

Crunch time

By Mike Peacock
January 22, 2015

ECB President Draghi addresses during ECB news conference in Frankfurt

The biggest policy decision of the year? The first U.S. interest rate rise may trump it whenever it comes and the Swiss National Bank has set the bar pretty high but an awful lot hangs on what the European Central Bank comes up with today.

from MacroScope:

Whatever it takes or whatever it can get away with?

By Mike Peacock
January 14, 2015

ECB President Draghi addresses during ECB news conference in Frankfurt

Markets are beginning to ponder just how definitive the European Central Bank may be next week in launching quantitative easing. One reason is today’s ruling at the European Court of Justice.

from MacroScope:

Post-Jackson Hole, Fed Septaper still appears on track

August 26, 2013

With all the QE-bashing that went on at the Federal Reserve's Jackson Hole conference this year, it was difficult not to get the sense that, barring a major economic disappointment before its September meeting, the central bank is on track to begin reducing the monthly size of its bond purchase program, or quantitative easing.

from India Insight:

Tracking Sensex: Top losers, gainers of the week

June 21, 2013

Indian shares ended in the green in three of five trading sessions but jittery market reaction to the U.S. Federal Reserve’s announcement of a gradual end to its $85 billion bond-buying stimulus took the BSE Sensex down 2.1 percent for the week. The broader 50-share Nifty lost 2.4 percent.

from Global Investing:

Show us the (Japanese) money

April 30, 2013

Where is the Japanese money? Mostly it has been heading back to home shores as we wrote here yesterday.

from MacroScope:

Beware the Bundesbank

By Mike Peacock
April 26, 2013

German newspaper Handelsblatt has got hold of a confidential Bundesbank report to Germany’s constitutional court, which sharply criticized the European Central Bank’s bond-buying plan. This could be very big or it could be nothing.

from MacroScope:

To print or not to print

By Mike Peacock
March 7, 2013

It’s ECB day and it could be a big one, not because a shift in policy is expected but because journalists will get an hour to quiz Mario Draghi on the Italy conundrum after the central bank leaves monetary policy on hold.

from MacroScope:

A flaw in euro zone defences

By Mike Peacock
February 28, 2013

Italy continues to dominate European financial markets and it looks like the best they can expect is populist Beppe Grillo supporting some measures put forward by a minority, centre-left government but refusing any sort of formal alliance. That sounds like a recipe for the sort of instability that could have investors running a mile. Outgoing technocrat prime minister Monti is speaking Brussels today. The markets’ best case was for him to support the centre-left in coalition, thereby guaranteeing continuation of economic reforms. But he just didn’t get enough votes.