Eyes on Weidmann for Draghi pushback

By Mike Peacock
December 5, 2014

Deutsche Bundesbank President Weidmann arrives for the annual news conference in Frankfurt

Bundesbank chief Jens Weidmann, German Finance Minister Wolfgang Schaeuble and his Italian counterpart, Pier Carlo Padoan, all speak at a conference in Frankfurt today.

Draghi to talk the talk, no walk yet

By Mike Peacock
December 4, 2014

E

The European Central Bank meets today with the debate about quantitative easing running hot after Mario Draghi declared “excessively low” inflation had to be raised fast and that the ECB would act more forcefully if its existing efforts to pump money into the ailing euro zone economy fall short.

Cameron’s immigration conundrum

By Mike Peacock
November 28, 2014

David Cameron’s long-awaited speech on immigration – which has been billed as his blueprint to win back disaffected Conservatives and others now voting for anti-EU UKIP – will be delivered today.

Euro zone litmus tests

By Mike Peacock
November 27, 2014

RTR3OB5X.jpg

Two vital gauges of euro zone progress, or lack of it, today.

German inflation for November is forecast to slip to 0.6 percent and will cue up the euro zone figure on Friday, which is predicted to come in at just 0.3 percent. Spanish inflation, due earlier, is forecast to come in at -0.3 percent.

EU uneasy about Hungary’s closeness to Russia

By Mike Peacock
November 19, 2014

Hungary's PM Orban arrives at an EU leaders summit in Brussels

After Germany’s foreign minister saw “no reason for optimism” after talks in Moscow on Tuesday, today Hungary’s Peter Szijjarto meets Russian Foreign Minister Sergei Lavrov. Violence is on the rise again in eastern Ukraine and tougher sanctions against Russia remain a live possibility although EU foreign ministers limited themselves to targeting a few more Ukrainian separatists earlier this week.

Will Germany’s Q4 get any better?

By Mike Peacock
November 18, 2014

Traders are pictured at their desks in front of the DAX board at the Frankfurt stock exchange

Germany’s ZEW index will give an indication of whether the fourth quarter will be any better for Europe’s largest economy after it barely escaped recession in Q3. In October, the index dropped to its lowest level in nearly two years.

Doves taking flight on when BoE to hike

November 17, 2014

A turtledove flies on the beach front in Nice

Doubts over just how soon the Bank of England can raise interest rates have been growing in recent weeks as Britain’s recovery looks in danger, inflation remains stubbornly low and concerns about the euro zone intensify.

Fed heads one way, BoJ the other. What now for ECB?

By Mike Peacock
November 3, 2014

RTR3OB5X.jpg

After the Federal Reserve wound up its bond-buying programme, as expected, and the Bank of Japan sprung a surprise by sharply increasing the pace of its money-printing, this week the European Central Bank takes its monthly bow and will probably come up with nothing new.

Draghi tries to keep show on the road

By Mike Peacock
October 2, 2014

E

The European Central Bank has one of its two offsite policy meetings of the year, in Naples. After a glut of measures last time it’s inconceivable that further action will be taken now but there is plenty to ponder.

Euro falling but no impact on inflation yet

By Mike Peacock
September 30, 2014

Lithuanian 1 euro coins are pictured in the Lithuanian Mint in Vilnius

Euro zone inflation figures are due and after Germany’s rate held steady at 0.8 percent the figure for the currency bloc as a whole could marginally exceed forecasts and hold at 0.4 percent.