Euro suffers losses after European Central Bank bond-buying decision

Euro suffers losses after European Central Bank bond-buying decision

Euro suffers losses after European Central Bank bond-buying decision

This comes after the European Central Bank announced in October past year plans to halve its programme to €30bn a month of bond purchases with the scheme ending in September 2018 "or longer, if necessary".

Asian shares wobbled on Friday as investors braced for United States tariffs against China, while the euro flirted with two-week lows after a cautious European Central Bank indicated it would not raise interest rates for some time.

The biggest complication could be a murky economic outlook, muddied by the developing trade war, a populist challenge from Italy's new government and softening export demand.

US stocks mostly rose Thursday, as markets get accustomed to the idea of investing with less of a safety net from central banks around the world. The yen, a perceived safe haven often sought in times of geopolitical tensions and market turmoil, had touched a more than three-week low against the greenback earlier in the session.

Antoine Griezmann confirms he's staying put at Atletico Madrid
The Catalan giants confirmed in May that were in talks with Atletico for a potential move for the 27-year-old. Antoine Griezmann has been Atletico Madrid's top scorer each of the last three seasons.

The euro recovered some ground against the dollar, a day after the European Central Bank signaled it would keep interest rates at record lows into the summer of 2019, prompting the common currency to fall almost 2 percent drop.

Euro Zone bond investors responded immediately to the dovish response by the European Central Bank, cutting the chance of a 10 basis point rate hike by July 2019 from 80 percent before the meeting to just 30 percent by the close of the session.

Societe Generale macro strategist Kit Juckes said he foresaw further pain for the euro in the near-term. U.S. President Donald Trump was planning to meet with trade advisers later to decide whether to activate the tariffs, a senior administration official said on Wednesday. He added that longer-term inflation expectations were "well anchored" towards the bank's target of just below 2%.

"These opposing views should see interest rates diverging more between the two most powerful central banks in the US's favour which should continue to lend support to the dollar". The Dow Jones industrial average slipped 25.89, or 0.1 percent, to 25,175.31, and the Nasdaq composite rose 65.34, or 0.8 percent, to 7,761.04, a record.

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Both sides of the partisan divide in U.S. politics are expected to use the Horowitz report to press their cases against Mr Comey. The report also notes that then-Attorney General Loretta Lynch repeatedly raised concerns about leaks from NY .

The central bank has undertaken an unprecedented programme of stimulus since the eurozone debt crisis.

The Asia Pacific MSCI index ex-Japan edged down 0.3 percent and was set for a weekly loss of more than 1 percent.

Canada is also contending with new U.S. tariffs on steel and aluminium imports as well as slow-moving talks to modernise the North American Free Trade Agreement.

Oil prices were down, facing pressure from evidence of rising USA output and uncertainty over supply, before a meeting next week of the world's largest exporters.

What's the difference between North Korea and Iran?
This came after Mr Trump announced a halt in the drills after his meeting with North Korean leader Mr Kim. He said the summit had marked a "turning point" in the relationship between the USA and North Korea.

West Texas Intermediate (WTI) crude oil futures were up 0.2 per cent at US$67.02 per barrel, while Brent was at US$76.02.

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