Central banks have rattled bond markets, but fears of a radical new regime are overdone
Having bought more than 2.6 trillion euros worth of mostly government bonds since March 2015, the ECB has been slowly trimming back its purchases, hoping it has already done enough to bolster growth and inflation.
GDP (gross domestic product) growth was contracting at the fastest rate in 50 years, and the economy was losing hundreds of thousands of jobs each month.
DAVOS, Switzerland (Reuters) - A trade war between the United States and China and a strengthening dollar are among the biggest threats to a brightening global economic outlook, according to leading economists at the World Economic Forum in Davos.
Even as central bankers are flirting with ever more unconventional policies, Rajan said it was worth asking if these policies really move the economy towards the desired objective
As far as the commodities market go, Robert Parker of Credit Suisse says the base for Brent is just below USD 40 per barrel. He also adds that India is benefitting from lower commodity prices
The European Central Bank may be about to inadvertently lend Hollande a hand, by increasing its stimulus to the region's economy and even further lowering borrowing costs.
The upbeat mood in world markets is largely underpinned by hopes of ample liquidity. And that has helped overlook concerns about lower-than-expected global growth, and other fundamental issues in China and other emerging markets
Arvind Sanger of Geosphere Capital Management believes that the measures from the Chinese central bank will lead to easing of the liquidity situation. But Viktor Shvets of Macquarie feels there will a contraction in liquidity from hereon.
Draghi said the strength and persistence of factors slowing inflation require "thorough analysis" as he reiterated the central bank's commitment to use all measures available to it to tackle the lackluster growth seen in the euro zone.
Micheal Every of Rabobank expects the US non-farm payroll data to come in at 217,000 in August versus 215,000 In July.
Michael Every, Head- Markets Research- Asia-Pacific, Rabobank believes the quantum of US Fed hike will direct whether or not the emerging markets (EMs) see a significant outflow of money.
Nick Parsons of National Australia Bank says European bond yields have calmed for now. But volatility is not far away either. He believes any unexpected data can trigger volatility.
After the demand for business loans have risen in the first quarter, now even Greece is likely to be in focus, as ECB policy-makers have approved further emergency funding for Greek banks, according to Reuters.
Speaking on the sidelines of a global investment conference it is holding, Raj Bhatt, vice chairman and CEO of Elara Capital, spoke about his outlook on Indian equities, the flows picture as well as the global macro landscape.
Jens Weidmann, head of the German Bundesbank and a decision-making member of the ECB's executive board today said that the Bundesbank had begun making asset purchases under the ECB's 1 trillion euro quantitative easing program. Speaking to CNBC's Carolin Roth, Weidmann said he sees little risks to the ECB's balance sheet from the QE programme.
Both World Bank and the International Monetary Fund (IMF) worry that despite lower oil prices giving a boost to consumption, world growth will slow down this year. The IMF sees India‘s growth faster than China‘s in 2016. The World Bank sees that happening in 2017.
Clive McDonnell, Head Of Emerging-Markets Equity Strategy, Standard Chartered Bank, says he will be buying into India on every dip and adds that he is confident the India equity market will outperform global emerging markets.
To discuss the impact of the ECB QE on the economy and on the markets, CNBC-TV18‘s Latha Venkatesh spoke with Manoj Pradhan, Global Emerging Markets Economist at Morgan Stanley and Ankit Gheedia, Equity Derivative Strategist at BNP Paribas.
The European Central Bank (ECB) announced higher-than-expected monthly bond buying programme of 60 billion euros late Thursday.
Exporters can make hay from the weak euro, which went down quite a bit in the last few months, says Bruno Verstraete. This can take European markets higher.
Manish Singh of Crossbridge Capital LLP expects euro to appreciate to 1.10 level against the dollar indicating it will be a good buying opportunity going ahead.
Geoff Lewis, ED, JP Morgan Asset Management says a lot of QE money will flow into emerging economies including India. Now FOMC is also expected to maintain its stance since Yellen and the dovish camp are firmly in control.
While foreign fund flows into India are likely to be robust, Don Hanna does not expect a significant appreciation in the rupee.
Oil prices dipped early on Thursday ahead of the expected announcement of a bond-buying programme by the European Central Bank (ECB) later in the day that could push the dollar to new highs and put downward pressure on commodities.