Julie Ros

ECB Hints at Refinement of ‘Price Stability’ Goal

The European Central Bank (ECB) could refine its approach to achieving price stability during its delayed strategy review, assessing its inflation target and the components of the inflation basket, according to top rate setters Wednesday. The ECB has resumed a strategy review halted by the COVID pandemic, an evaluation that will include whether the current […]

Italian Banks’ Net Bad Loans Fell in August

The volume of Italy’s banks’ net bad loans fell to €24 billion in August, down from €32 billion a year ago and €40 billion in 2018, Italy’s Banking Association, ABI, said Tuesday in a report. Since November 2015, when the highest peak in bad loans reached €89 billion, there has been an overall drop of – […]

Sept Housing Starts Rebound on Single-Family

The US September home building data, released Tuesday, continued to represent the shift toward single-family homes and away from condos and apartments as buyers seek more space and larger homes since the COVID-19 quarantines. The pace of housing starts rose by 1.9% to a 1.415 million annual rate, below the 1.451 million pace expected and […]

CFTC, BoE Sign Cross-Border Clearing MOU

The Commodity Futures Trading Commission (CFTC) and the Bank of England (BoE) today announced that they have signed an updated Memorandum of Understanding (MOU) regarding cooperation and the exchange of information in the supervision and oversight of clearing organisations that operate on a cross-border basis in the US and UK. The MOU strengthens the relationship between […]

Virtu Expands Broker-Neutral FX Offering

Virtu Financial today announces several product and service enhancements in its broker-neutral FX offering, supporting the firm’s aim to deliver a one-stop solution for buy side FX execution. Virtu’s new offerings include an execution management platform for FX, broker-neutral access to dealer liquidity, FX trade analytics and data, as well as FX post-trade services. The […]

Low Rates, Hurricane, Fire Damage Lift Home Building

The housing sector has been on a general upward trend for the last several months, fueled by record low mortgage rates. Home building and sales tumbled at the beginning of the pandemic due to uncertainty and social distancing. But the Federal Reserve’s stance of low rates for a long time, a recovery of some jobs […]

Retail Sales Surge, Up 1.9% in October

Retail sales rose for the fifth straight month in September, with gains in almost every sales category. Total retail sales rose by 1.9%, well ahead of the 0.7% gain expected and following a 0.6% gain in August and a 1.1% rise in July. Motor vehicle sales jumped by 3.6% in September after 0.7% gain in […]

US Initial Claims Surge; Manufacturing Data Mixed

Initial claims rose by 53,000 to a level of 898,000 in the October 10 week, well above expectations for a decline to 833,000. The four-week moving average for initial claims rose by 8,000 to 866,250 in the current week, the first increase after 10 straight declines, the Labor Department reported Thursday, based on state tallies. […]

SGX Partners with Baton on Collateral Workflow

Singapore Exchange (SGX) has integrated with Baton Systems, a provider of post-trade solutions for capital markets, to automate and standardise the end-to-end collateral workflow for its clients. Baton’s platform normalises and harmonises data and collateral workflows for integrated central clearing counterparties (CCPs). As a result, SGX’s clients will have access to consolidated intra-day information in […]

US Sept PPI Jumps 0.4% on Surge in Food

US business prices rose by 0.4% in September, ahead of expectations for a 0.2% increase and reflecting a sharp rebound in food prices and a strong gain in the core measure, the Labor Department reported Wednesday. Larger-than-expected monthly gains lifted their year/year rates to their highest points since the beginning of the pandemic. Food prices […]

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