Archive for July 26th, 2018

Central Bank Watch

No Change in ECB Policy Stance

July 26, 2018

The Governing Council’s fifth of eight scheduled meetings in 2018 ended as expected with no change in its policy stance. A released statement is upbeat about prospects for inflation rising back to its targeted pace but balances that confidence with the continuing assertion that it is conditioned upon a continuing stimulative policy — The underlying strength […] More

New Overnight Developments Abroad - Daily Update

Facebook Plunges, ECB and OPEC Review Things, and a U.S.-EU Trade Accord Is More Truce than Agreement

July 26, 2018

The ballooning credibility gap of Facebook finally hit the company’s share price, which has tumbled 19.4% so far today from $217.50 to $178.28. Alphabet, the parent of Google, is down 4.3%, but the DOW is up 0.5%. The ECB Governing Council reviewed its policy stance and decided not to change such. The ECB interest rate […] More