Find out about the most important market movers from today's digest!
Euro zone corporate lending surge tacks on
The previous month surge in euro zone corporate lending managed to pick up, as the European Central Bank informed on Thursday. It unveiled it just hours before revealing whether it would reduce monetary stimulus from 2018 or not.
In September, lending surge to businesses, a major plank in euro zone's economic recovery, rallied to 2.5% from August’s outcome of 2.4%, while household lending didn’t change, sticking to 2.7, as the ECB told.
However, lending demonstrated its best performance since global financial downtime - it stood below its pre-crisis mark because financial institutions, under pressure to improve their balance sheets, were still reluctant to lend the EU’s real economy.
The annual surge rate of the M3 measure of money supply, considered by some to be a precursor of economic activity, climbed up from 5.0 to 5.1% the previous month, thus confounding expectations for 5.0%.
On Thursday, the ECB is supposed to announce that it’s going to reduce asset purchases from 2018.
In November, UK factory orders managed to recover, although previously in October they sagged steeply…
What are the main topics, which drive the key currency pairs today? Is there a chance for oil to recover? Find out from the news!
Safe havens such as gold and Japanese yen declined as investors sentiment was boosted by eased geopolitical tensions…
On Tuesday, the euro tacked on because market participants waited for reports on inflation and growth in the euro zone, while the Japanese yen went down after Japan’s major bank told it would be more flexible in its huge stimulus program…
On Tuesday, the evergreen buck dived because the common currency bounced off and the UK pound managed to ascend to the day’s maximums reacting to reports that British Prime Minister Theresa May is going to take control of Brexit talks…