Euro Zone banks borrowed a record amount of 3-year loans from ECB

Source: Bloomberg
Euro Area lenders tapped the ECB for a record high amount of three-year debt supposed to stimulate stock and bond markets. ECB announced it will provide 800 lenders with EUR 529.5 billion (USD 712.2 billion) loan for 3 years. Economists expected an allotment of EUR 470 billion. A high number of small banks applied for the cheap cash, therefore it is more likely the money will be injected in economy, said Laurent Fransolet, Barclays Capital's head of fixed income. 
Back to articles

Actual Topics

Wed, 29 Feb 2012 17:09:33 GMT

Precious metals rallied on Tuesday on weaker US Dollar

Precious metals posted strong gains as investors expect the ECB's LTRO to inject more liquidity into the Euro Zone's economy by providing 0.5 trillion Euros of cheap bonds. Moreover, announcement of the central bank of Iran that it would accept gold and other hard currencies in exchange for its oil products stimulated price growth. Broadly weaker US Dollar also lent

Wed, 29 Feb 2012 16:43:22 GMT

Nikkei 225 index flat on production data amid appreciating Yen

Japan's Nikkei Stock Average traded almost flat on Wednesday as appreciating Yen offset gains from stronger than expected industrial production in January. Nikkei 225 index closed 0.01% or 0.98 points up at 9,723.50. On monthly basis index has jumped 10.5%. Panasonic Corp added 1.5% on announcement it elected a new president to attempt to return to profitability. Toshiba Corp. climbed

Subscribe to "Fundamental Analysis" feed

Subscribe
To learn more about Dukascopy Bank CFD / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
For further information regarding potential cooperation,
please call us or make callback request.
To learn more about Dukascopy Bank Binary Options / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
To learn more about Dukascopy Bank CFD / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
To learn more about Crypto Trading / CFD / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
To learn more about Business Introducer and other trading related information,
please call us or make callback request.
For further information regarding potential cooperation,
please call us or make callback request.