In today’s video, the day of the important ECB decision, we shed light on the situation of the world economy – and the situation of the financial markets! Today the markets are back to the pattern of the last few days. Yields on government bonds are rising. Equity markets as a whole are continuing to rise moderately. And the shifts from growth to value are continuing, albeit at a slower pace. And Trump is obviously getting more nervous about the weaker US economy and the poor polls. He wants to loosen the Iran sanctions (to push the gas price further down. Bolton was against it and was therefore fired) and Trump wants to lower capital gains taxes to improve sentiment. And expectations on the ECB are high.
The ECB decision has just been announced. The ECB interest rate (refinancing rate) remains unchanged at 0.00%. The extremely important bank deposit rate on remains unchanged at -0.40%. The marginal lending facility also remains unchanged […]
Last night, the euro had risen above the 1.23 level and thus reached its highest level in three years – all this was probably a consequence of last week’s ECB protocol, according to which the […]
Crashed Steinhoff Stocks may now be a very hot gambling paper for 7 days – ECB has not sold its Steinhoff bonds
You don´t know the name “Steinhoff”? It´s a german-south african furniture retailer, the second largest in Europe, just behind IKEA. After a large expenasion based on debt there are obviously a lot of balance sheet […]