Thursday, July 5, 2012

European Central Bank Rate Cut

  • FRANKFURT, Germany -- The European Central Bank has cut its key interest rate by a quarter percentage point to a record low of 0.75 percent to boost a eurozone economy weighed down by the continents crisis over too much government debt.
  • (Huffington Post)
  • The European Central Bank cut interest rates to a record low and said it won't pay anything on overnight deposits as the sovereign debt crisis threatens to drive the euro region into recession.
  • (Bloomberg)
  • LONDON (Reuters) - Gold neared two-week highs on Thursday, after a surprise rate cut from China, although investors were wary of pushing the price aggressively ahead of an expected European Central Bank rate cut later in the day and key U.S. jobs figures on Friday.
  • (CNBC)
  • U.S. equity indexes are basically flat after an expected rate cut by the European Central Bank and a surprise rate reduction by the Peoples Bank of China.
  • (Yahoo Finance)
  • The European Central Bank also delivered on market expectations by cutting Earlier in Asia before Chinas rate cut, Japans Nikkei 225 index fell 0.3 percent to 9,079.80 and Hong Kongs Hang Seng was up 0.4 percent to 19,792.02.
  • (Denver Post)
  • FRANKFURT, Germany — The European Central Bank has cut its key interest rate by a quarter percentage point to a record low of 0.75 percent to boost a eurozone economy weighed down by the continent's crisis over too much government debt.
  • (Washington Post)
  • FRANKFURT, Germany—The European Central Bank has cut its key interest rate by a quarter percentage point to a record low of 0.75 percent to boost a eurozone economy weighed down by the continents crisis over too much government debt.
  • (San Jose Mercury News)
  • Investors were generally heartened by moves in China and the U.K. and well as by the European Central Bank. Chinas central bank in the neighboring euro zone. The ECB cut its main interest rate to a historic low of 0.
  • (Wall Street Journal)
  • Safe-haven German Bunds rallied on Thursday after the European Central Bank cut interest rates, while Spanish yields extended this weeks rise as the market tried to digest a 3 billion euro debt auctions. The ECB cut its main refinancing to 0.
  • (Reuters)
  • German two-year notes gained for a fourth day as the European Central Bank cut its benchmark interest rate for the first time this year to revive an economy struggling with the sovereign debt crisis.
  • (Bloomberg)

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