Draghi hails 'solid' growth as European Central Bank keeps policy on hold
27 April, 2018, 00:54 | Author: Teresa Adams
"Overall, however, growth is expected to remain solid and broad-based", he told a news conference after European Central Bank policymakers held their meeting.
Later in the press conference, Draghi said they have an unchanged confidence about reaching the 2 percent inflation target.
Draghi did mention risks from protectionism.
Past year was the strongest in a decade for economic growth in the euro zone, but a recent slump in investor sentiment since the start of 2018 could threaten the ECB's inflation outlook.
U.S. exporting more oil, but that could change
If oil and fuel prices continue rising, the political pushback from consumer countries against OPEC will only intensify. That said, if President Trump really does want to lower oil prices, there are a number of actions he could take.
Investors are tuning in to the ECB's latest policy decision this morning, as well as updates to the bank's quantitative easing plans and a press conference from Mario Draghi. The ECB stated that it would keep its asset purchase programme in place until at least September, and would continue it on further if necessary.
Business confidence in the 19-country bloc has already taken a knock, most notably in export-focused Germany.
The ECB's interest rate on its main refinancing operations and the interest rates on the marginal lending facility and the deposit facility will remain unchanged at zero, 0.25 and -0.40 percent respectively.
A key worry is that protectionist rhetoric from the U.S. could push down the value of the dollar, an economic anomaly as the Federal Reserve is likely to raise interest rates several times this year, a natural support for the United States currency. This, in turn, could have ramifications for the ECB's sole policy objective of ensuring price growth returns to its near 2 percent target.
Even if the currency impact were to bite, the European Central Bank has little scope to extend purchases much longer, suggesting it will take an extremely cautious approach to normalising policy, even if it risks erring on the side of caution and moving too late.
Cecil County set for Drug Take Back Day on Saturday
The CDC reports that one person dies every 19 minutes from a drug overdose in the USA through prescription pain killers. Flushing medications down the toilet or throwing them away creates a potential safety and health hazard, officials say.
The Mossad is believed to have assassinated Palestinian militants and scientists in the past, but rarely confirms such operations. Gaza's ruling Hamas group has accused Israel of being behind Saturday's shooting of Fadi al-Batsh, an important member of Hamas.
However, Shazam had been valued at around $1bn in its last major funding round, suggesting it was no small move by Apple. Apple hadn't responded to a request for comment from FOX Business at the time of publication.
SHIRE'S WILD RIDE: Drugmaker Shire rallied again as the company said it is considering a new offer from Japanese rival Takeda. The Toronto Stock Exchange's S&P/TSX composite index closed down 75.06 points, or 0.48 per cent, at 15,477.00.
Dan Diker from the Jerusalem Center for Public Affairs told WIN that Hamas has indeed become an global terrorist organization. Some 500 people attended the funeral service of slain Palestinian lecturer Fadi Mohammed al-Batsh this afternoon.
In her latest post, Kardashian is fully nude and wearing only paint across all areas of her body aside from her face. Kim's fan will surely be flocking to pick up her new fragrance when it hits stores on April 30.
Bayern striker Robert Lewandowski is in the opposite role to Bale as he has been regularly touted to become Real's next Galactico. It was a fantastic feeling when the whistle went and Madrid were European champions again.
They are playing as a team and that's what it's all about and you talk about the front three but they work so hard for each other. And all this after a rather miserable time at Chelsea , which many believed would repeat at Liverpool .
A prompt with shortcuts to unsubscribe or refuse will be displayed on top of the inbox on the mobile interface. The default setting is the most interesting option because it comes with a new feature, too: attachment clips.
Gronkowski , a three-year-old, contracted the fever over the weekend and will not be in a condition to make transatlantic travel. Belichick used Butler for one special-teams play despite the cornerback taking practice reps days before the Super Bowl .
The wedding celebrations have begun with the Mehendi ceremony and the couple is ecstatic and so are family members and friends. Pictures of their mehendi , haldi and sangeet ceremonies held on Saturday were out, followed by wedding pictures on Sunday.
Michael Cohen Pleads The Fifth In Stormy Daniels Case
Ironically, on the campaign trail Mr Trump said innocent people don't plead the fifth , and that it was only for "mobsters". Daniels' lawyer Michael Avenatti responded to Cohen pleading the Fifth, calling his move a "stunning development".
Your package is in the boot: Amazon's in-car deliveries
Customers can track when their vehicle was unlocked and relocked in the App's activity feed, and rate their in-car delivery . Alyssa Bronikowski with Amazon says, "What's convenient about it is that you can now receive deliveries wherever you are".
GoFundMe for Waffle House victims tops six figures
Reinking shot to death two people outside Waffle House before walking inside and firing his AR-15 rifle, then pausing to reload. That's when a call came from the Federal Bureau of Investigation , saying Reinking had tried to jump the White House fence.
Meek Mill released from prison
As part of Williams' appeal, he has cited credibility concerns regarding Philadelphia Police Officer Reginald Graham . "Wooooooow. The hip hop community has been reacting on Twitter to Meek Mill's release from prison on Tuesday afternoon.