Ford Will Invest $11 Billion In Electric Cars By 2022
China's billionaire Li Shufu turns gaze on Volvo trucks after cars
Trump Loses Most Admired Man Title to Predecessor
We Will Win 135 Seats in 2022 Gujarat Assembly Elections: Rahul Gandhi
Coinbase investigating insider trading in bitcoins
ECB chief says no date for stimulus change
21 July 2017, 12:39 | Ruby West
Joshua Mahony market analyst at IG, said: "It seems Mario Draghi lost some of his shine today, with markets largely ignoring the fact that the European Central Bank governor failed to mention tapering, instead driving the euro higher despite his attempt to drive home a dovish tone".
The Euro has rocketed, however, after markets responded positively to Draghi's suggestion that discussions on when QE and monetary policy should be changed will happen in the autumn, as economists had expected. There were a number of corporate earnings reports for investors to sift through Thursday, but most remained focused on today's policy decision from the EuropeanCentral Bank.
While sales rebounded strongly on the month the 0.6% uptick failed to entirely reverse the -1.1% contraction seen in May, limiting the benefit to the Pound.
Platinum was 0.7 percent higher at $924.75 an ounce, while palladium was down 1.2 percent at $845.75 an ounce, in sharp contrast to Wednesday's three-week high of $872.25.
"Until we get any reform or repeal of Obamacare, the USA will not put through changes to taxation policy".
But no major changes are expected and the EuropeanCentral Bank is likely to wait until September to announce a tapering of its 60 billion euros of monthly asset purchases, probably starting in early 2018, according to a Reuters poll. The year-on-year number was also higher than expected and increased 2.9% versus the forecasted 2.5%.
Markets will be scrutinising his comments for any signs as to a change in the ECB's stimulus policies.
The ECB's bond purchases began in March, 2015 in an effort to raise inflation and avoid a crippling downward price spiral.
"We expect Draghi to refer to the need for "patience" and "prudence" as well as the need for "persistent" monetary policy support in a bid to signal that normalization will be gradual", Ben May, lead eurozone economist at Oxford Economics, said.
The euro has gained almost 11 percent so far this year against the dollar.
On the FTSE 100, EasyJet (EZJ) fell to the bottom of the index, down 6% at £13.33, despite the budget airline flagging profits would be higher than expected, at up to £420 million, but still below last year's £495 million.
JAPAN TRADE: Upbeat economic growth and forecasts for China and the rest of the region, followed by news that Japan's exports rose almost 10 per cent in June from a year earlier also brightened sentiment.
With no material stats out of the Eurozone or the United Kingdom today, we will expect the pound to remain relatively range bound through the day ahead of tomorrow's retail sales figures, which will provide the markets with more guidance on how the BoE will likely play it early next month at the next MPC meeting, the latest inflation figures certainly adding to the confusion. Inflation remains at 1.3 percent, well below the bank's goal of just under 2 percent it considers best for the economy.
"Inflation is not where we want it to be and where it should be", he said.
Presidential polls: Voters to get special pens
The MPs who did not cast their vote were Trinamool Congress MP Tapas Pal, BJD's Rama Chandra Hansdah and Anbumani Ramadoss of PMK. The electoral assembly comprises of 776 Members of Parliament and 4120 Member of Legislative Assembly.
The real reason Harry Styles isn't in Dunkirk trailers
Harry Styles soaked up the adulation from an army of screaming fans but suggested this could be his only movie premiere. It was held at London's Odeon Leicester Square, and as almost always, Styles made an appearance in head-to-toe Gucci .
Samsung Pay adds PayPal as a valid means of payment
PayPal is focused on delivering seamless mobile commerce experiences and extending this reach through strategic partnerships. What's more, PayPal Braintree support also means that online merchants will also support the payment option.
Jaguar E-PACE flies into record books
The E-Pace will also be the first front-wheel-drive Jaguar to go on sale since the X-Type saloon, that ceased production in 2009. The E-Pace will be built in Austria by Magna Steyr under contract and at a plant in China that will supply the Chinese market.
Human Chain Saves Family From Drowning at Florida Beach
A family stuck in a rip current narrowly avoided a tragedy when a crowd of strangers linked together to bring them back to land. Roberta told the Panama City News Herald , "These people were God's angels that were in the right place at the right time".
Ginobili to return for 16th season
The team did not release contract details for Miles, who was acquired from the Indiana Pacers in a sign-and-trade deal July 9. That final game in San Antonio acted as somewhat of a celebration for what the Argentinian did for San Antonio .
Sevilla sign Nolito from Man City
It's been a year to forget, an experience that hasn't turned out as I'd planned, but hopefully this summer we'll find a solution". It was clear that Guardiola would much rather start his youthful players on the wings.