SECURITY: Israeli And Lebanese Offls Meet For Third Round Of US-Mediated Talks
May-14 14:32
A third round of US-mediated talks between Israel and Lebanon is underway at the US State Department...
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GILT AUCTION PREVIEW: On offer next week
Apr-14 14:31
The DMO has announced it will be looking to sell GBP5bln of the 4.00% May-29 Gilt (ISIN: GB00BVP99566) at its auction next Tuesday, April 21.
ECB: Euribor Futures Rally; Lagarde States ECB Doesn't Not Have Tightening Bias
Apr-14 14:09
What she said specifically on scenarios:
- We are inbetween the baseline and the adverse. We have baseline -> adverse -> severe.
- We are somewhere, I think, between the baseline and the adverse scenario.
- Asked how quickly that can change: "It changes everyday. We have to take a medium-term view [for policymaking]."
Seeing the Euribor strip rise on these subsequent headlines, ERZ6 now at 97.325 vs 97.300 before Lagarde starting speaking:
"*LAGARDE: ECB DOESN'T HAVE TIGHTENING BIAS" bbg
*LAGARDE: WOULD NEED DATA TO ACT, WOULDN'T HESITATE"
ECB: Lagarde starts speaking at the IMF Bloomberg event - states:
Apr-14 14:03
- Europe was well-positioned, we were going to increase our [growth] projection. Then the war started, resulting in increased fragmentation - one of the largest energy shocks we've seen on a global basis.
- There is damage caused, there is value lost [...] Europe is not the epicenter of that, Asia is the first victim of the situation in terms of economic losses.
- The direct impact on GDP [...] all institutions will revisit forecasts, we are revisiting our growth and inflation forecasts and have revised inflation and growth forecasts (higher, and lower) already. Evolution from here depends on duration of the crisis.
- Adds that the economy is between the ECB's baseline and adverse scenario.
