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ECB's Governing Council member Villeroy: If greater action is needed due to incoming data, we have the capacity and willingness to act accordingly

  • Our very accommodative monetary policy stance at present is appropriate
  • Given the present uncertainty, it would be a mistake to set an end date for the ECB's pandemic response

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18:03 21.10.2020
Base Metals: Investor sentiment remains warry - ABN Amro
FXStreet notes that current trends in the base metals markets are complex and rely more on macro-economic developments rather than fundamental drivers. The economic recovery expected in the coming months is set to support a strengthening of the sector in 2021, according to strategists at ABN Amro. “Recent positive macro-economic trends in China and its massive infrastructure stimulus package underpins market sentiment. Chinese imports of metals has remained relatively strong, implying a
17:43 21.10.2020
U.S. crude oil inventories drop roughly in line with forecasts
The U.S. Energy Information Administration (EIA) revealed on Wednesday that crude inventories fell by 1.001 million barrels in the week ended October 16. Economists had forecast a drop of 1.021 million barrels.At the same time, gasoline stocks rose by 1.895 million barrels, while analysts had expected a decline of 1.829 million barrels. Distillate stocks tumbled by 3.832 million barrels, while analysts had forecast a decrease of 1.743 million barrels.Meanwhile, oil production in the U.S.
17:18 21.10.2020
White House economic adviser Kudlow: Moving closer on stimulus deal
Says "optimistic morning" at White House on stimulus talksThings are moving in "favourable direction"
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