ECB to look for more tools amid EU summit

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Source: Bloomberg
The ECB is likely to look for new ways to boost bank lending and halt the slowdown of the European economy today, while EU policy makers will attempt to create a fiscal union on the summit starting tomorrow. According to a Bloomberg survey, majority of investors expect the benchmark rate to be lowered by 0.25% to 1% at the regular ECB meeting today.
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Thu, 08 Dec 2011 14:25:06 GMT

Europe stock increase on the morning trade

Anticipating the second decrease in the interest rate by the ECB, the stock indexes started to climb. The Stoxx Europe 600 index added 0.49% to 242.59, Germany's DAX 30 index increased by 0.77% to 6,041.82 while France's CAC-40 index advanced 0.65% at 3,196.82 and the FTSE 100 index gained 0.44% to 5,570.44.

Thu, 08 Dec 2011 12:19:02 GMT

Experts forecast bank crisis in China

According to a poll by Bloomberg, majority of global investors forecast a banking crisis in China by the end of 2016 due to diminishing demand of Chinese shares and decreasing confidence in country's government. A crash of Chinese financial industry is expected until late 2016, 61% of those surveyed claim. Decreasing home sales, record-weak manufacturing data and diminishing export growth are

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