Culture&Arts

Eurostat: Annual Inflation Down to European Union and Euro Area, Croatia Follows Trend

Eurostat: Annual Inflation Down to European Union and Euro Area, Croatia Follows Trend

The ECB's Ewald Nowotny said recent euro strength against the dollar is "not helpful".

The concerns among some European Central Bank policymakers regarding the euro's strength, a remark by ECB policymaker Ewald Nowotny that the euro's recent power against the USA dollar is "not helpful" triggered a period of profit-taking prior to next week's policy meeting.

His comments follow those of two other major European central bankers who have also discussed the appreciating Euro over the last 24 hours, Francois Villeroy and Vitor Constancio.

Bond yields across the region had already fallen based on an source-based report by Reuters earlier on Tuesday that the European Central Bank is unlikely to ditch a pledge to keep buying bonds at next week's meeting.

While the European Central Bank believes that the relationship between the exchange rate and inflation is somewhat weaker than in the past, it can still have a significant impact.

More news: PATRIOTS NOTEBOOK: Coordinators closing in upon new jobs

Euro area annual inflation was 1.4% in December 2017, down from 1.5% in November.

After hitting its weakest level to the euro in three years on Tuesday, the dollar climbed against most emerging-market currencies on Wednesday.

Bond markets are showing an increased sensitivity to ECB commentary as investors try to assess when the central bank will end its 2.55 trillion euro ($3.12 trillion) asset purchase scheme and move towards raising interest rates.

The euro fell almost half a percent on Wednesday after rocketing to a fresh three-year high above $1.23 as some investors ramped up bullish bets about the currency, though concerns voiced by policymakers this week damped broader optimism.

The euro fell on Wednesday after rocketing to a fresh three-year high in early trade above the $1.23 line as some investors ramped up bullish bets about the currency though some concerns from policymakers this week damped broader optimism. Energy price inflation eased notably to 2.9 percent from 4.7 percent.


  • Favorable Press Coverage Somewhat Unlikely to Affect RSP Permian (RSPP) Stock Price

    The total amount of shares outstanding is 158.56 million, giving the company a market capitalization of about 6.50 billion. The Picton Mahoney Asset Management holds 77,000 shares with $2.66 million value, down from 114,600 last quarter.

    Weatherford International's (NYSE:WFT) "Buy" Rating Reiterated at Gabelli

    Taking current value along prior value is a smoothing technique similar to that used in calculating an exponential moving average. The Manufacturers Life Insurance Company grew its holdings in shares of Weatherford International by 8.9% during the 2nd quarter.
    Local marine stabbed to death at California base

    Local marine stabbed to death at California base

    He loved his family and friends dearly and was a wonderful big brother to his four younger siblings. A Wisconsin man said his son, a Rock County native, died at a Marine base in California Tuesday.
  • In Tweets, Trump Suggests A DACA Deal Is Unlikely

    On Saturday morning, Trump tweeted , "I don't believe the Democrats really want to see a deal on DACA". A program Trump has been trying to end since coming into office.
    Walt Bell to leave Maryland for FSU offensive coordinator job

    Walt Bell to leave Maryland for FSU offensive coordinator job

    Prior to working for the Red Wolves, he was an assistant coach and recruiting coordinator for North Carolina. It is not known whether Durkin will promote one of his assistants or bring in someone from the outside.
    Supreme Court halts redrawing of North Carolina congressional maps

    Supreme Court halts redrawing of North Carolina congressional maps

    Opponents, including the North Carolina Democratic Party, urged the Supreme Court to let the lower court order remain in effect. The Supreme Court on Thursday blocked a lower court's order for North Carolina to redraw its congressional district maps.
  • Portland Trail Blazers vs. Indiana Pacers - 1/18/18 NBA Pick, Odds, and Prediction

    Portland Trail Blazers vs. Indiana Pacers - 1/18/18 NBA Pick, Odds, and Prediction

    Pacers starting center Myles Turner miss the first meeting with a concussion and will miss the second due to a right elbow injury. IN was lifted by Victor Oladipo , who was the top scorer from either team with 28 points on 9-for-16 shooting.

    Applied Materials, Inc. (NASDAQ:AMAT) VP Ali Salehpour Sells 125125 Shares

    The performance of firm for the quarter recorded as 19.41% and for year stands at -9.29%, while the YTD performance was 6.02%. Golub Group Llc sold 335,175 shares as Wells Fargo Co New (WFC)'s stock declined 8.66%. (NASDAQ:AMAT) for 7.07M shares.

    Wyndham Worldwide Corp (WYN) Position Maintained by Skandinaviska Enskilda Banken AB publ

    Glenview Capital Management LLC purchased a new stake in shares of Wyndham Worldwide during the second quarter worth $47,993,000. Prescott Group Capital Management L.L.C. holds 2.09% of its portfolio in Net 1 UEPS Technologies, Inc. for 1.05 million shares.
  • Sanchez-Mkhitaryan Swop Deal Likely

    Sanchez-Mkhitaryan Swop Deal Likely

    It is now in the next 24 to 48 hours that it will happen or not. "The wages would not be a problem", Wenger added. The 29-year-old star has agreed a staggering £450,000-a-week deal at United. "Yes, it is likely to happen".
    American, Chinese scientists find new way to develop flu vaccines

    American, Chinese scientists find new way to develop flu vaccines

    If you're otherwise healthy, "you can ask your doctor to prescribe an anti-viral medicine over the phone", says Camins. In Greenwich, a limited supply of the high dose flu vaccine at the Dept of Health.
    Our Opinion: Protecting Dreamers must be first priority

    Our Opinion: Protecting Dreamers must be first priority

    Then, in a bipartisan meeting with various senator, the president reportedly said the now infamous "shithole countries" comment. First, it encourages more illegal immigration with children, which is extremely risky .