The economic growth in the eurozone is not likely to meet the forecast of +3% in the last quarter of the year, European Central Bank's (ECB) Vice President Luis de Guindos said on Friday, as reported by Reuters. Wed, May 29 2019 8:00 AM EDT. You could lose some or all of your initial investment; do not invest money that you VIDEO 12:01. Market reaction. Luis De Guindos is the Vice-president of the European Central Bank since June 2018. Leverage creates additional risk and loss exposure. ECB’s De Guindos Warns Bank Profitability May Erode Amid Economic Slowdown June 25, 2019 Euro area banks could see their profitability prospects weaken as the economic growth slows, making the operating environment more challenging, European Central Bank Vice President Luis de Guindos said Tuesday. Luis De Guindos is the Vice-president of the European Central Bank since June 2018. Earlier in the day, ECB Vice President Luis De Guindos advised that support measures taken in Spain to cope with COVID-19 should be more selective and focus on helping people and sectors most affected. "The recovery of the Spanish economy may have passed its cyclical peak and downside risks have emerged," de Guindos said in a speech at an event in Madrid. FXStreet has not verified the accuracy or basis-in-fact of any claim or statement made by any independent author: errors and Omissions may occur.Any opinions, news, research, analyses, prices or other information contained on this website, by FXStreet, its employees, partners or contributors, is provided as general market commentary and does not constitute investment advice. “Risks are clearly tilted to the downside,” the European Central Bank (ECB) Vice President Luis De Guindos warned on Monday. Remarks by ECB vice president, Luis de Guindos Interesting that he is choosing to comment on that, but the market has certainly concurred with that view as … Board member: Luis de Guindos Event: Participation by Mr de Guindos in Ecofin meeting (via videoconference) Contact: Peter Ehrlich - ECB Global Media Relations - Tel: +49 69 1344 8320 - Mob: +49 172 1316227 E-mail: Peter.Ehrlich@ecb.europa.eu Last modified: 2 … (Reporting by Past performance is not indicative of future results. 02:59. Would you like to receive premium offers (available to Myfxbook clients only) to your email? When is the New Zealand Q3 retail sales data and how could it affect NZD/USD? Further comments “News about a potential vaccine fosters hope of a faster return to pre-pandemic growth levels.” “Economic impact of … watch now. I agree with Ben Shapiro that a good time to release her evidence would be today and that a good time to not do it would be tomorrow. VIDEO 01:37. November 25, 2020 Kimberly Rogers-Brown US & GLOBAL ECONOMY. MADRID - European Central Bank Vice-President Luis de Guindos said on Friday he expected European leaders to reach an agreement on the recovery fund Please read our privacy policy and legal disclaimer. Read More: Spread the love. Luis De Guindos is the Vice-president of the European Central Bank since June 2018. Additional takeaways • "Eurozone Q3 economic growth was a positive surprise." de Guindos hints that the ECB will cut its growth forecasts next month Adding that he believes that "they're not going to be very far away from the from the European Commission (EC)". The high degree of leverage can work against you as well as for you. The use of this website constitutes acceptance of our user agreement. ECB's de Guindos says Yellen's appointment good for global economy 6 mins ago Why this Harvard doctor is optimistic about US overcoming COVID-19 despite 'epidemic of mistrust' ECB's De Guindos speech: ECB's De Guindos speech. ECB's De Guindos speech: ECB's De Guindos speech. Trading foreign exchange on margin carries a high level of risk and may not be suitable for all investors. Luis De Guindos, who did not mention Italy in his speech, was repeating a long-standing ECB plea for euro zone governments to respect European Union … What you need to know about COVID-19 today ECB's de Guindos says Yellen's appointment good for global economy. Luis de Guindos, vice-president of the European Central Bank, warned of over-reliance on monetary policy and called on governments to do their part in helping restore growth in … Educate yourself on the risks associated with foreign exchange trading, and seek advice from an independent financial or tax advisor if you have any questions. Luis de Guindos, vice president of the ECB, discusses the European policy response to the coronavirus crisis. Before you decide to Luis De Guindos, who did not mention Italy in his speech, was repeating a long-standing ECB plea for euro zone governments to respect European Union fiscal rules as a precondition for winning over investors and laying the groundwork for a common crisis-fighting … FXStreet will not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from use of or reliance on such information. Before deciding to trade foreign exchange you should carefully consider your investment objectives, level of experience and risk appetite. Opinions expressed at FXStreet are those of the individual authors and do not necessarily represent the opinion of FXStreet or its management. 03:29. Reuters. ECB'S DE GUINDOS SAYS A REBOUND IN ACTIVITY IS EXPECTED IN THE SECOND HALF OF THE YEAR ECB'S DE GUINDOS: THE RISK OF A FINANCIAL CRISIS HAS RECEDED MATERIALLY. These comments don’t seem to be having a significant impact on the shared currency’s performance against its rivals. De Guindos said that euro zone banks’ return on capital (ROE) - a measure of profitability - had declined to around 2% as a consequence of the pandemic, which had led to higher provisions and lower revenues. ECB’s de Guindos: Governing Council To Continually Evaluate Whether Size, Duration And Composition Of PEPP Remain Appropriate - Expects Rebound In Activity In H2 2020 - Substantial Downside Risks, In Particular If … A disorderly Brexit would deliver "a significant shock" to an already weakened European economy, European Central Bank vice-president Luis de Guindos told Luis de Guindos, vice president of the European Central Bank, discusses the ECB's latest Financial Stability Report. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. Luis De Guindos is the Vice-president of the European Central Bank since June 2018. You should be aware of all the risks associated with foreign exchange trading and seek advice from an independent financial advisor if you have any doubts. ECB’s De Guindos: New ECB Projections Unlikely To Be Far From New EU Commission Forecasts. In a scheduled speech on Wednesday, the European Central Bank (ECB) Vice President Luis De Guindos said, “recent data suggest we can be more optimistic about growth.”. cannot afford to lose. de Guindos hints that the ECB will cut its growth forecasts next month Adding that he believes that "they’re not going to be very far away from the from the European Commission (EC)". You can unsubscribe from these emails at any time through the unsubscribe link in the email or in your settings area, 'Messages' tab. Reuters. HIGH RISK WARNING: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Japan’s PM Suga: A free and fair global economy is critically important, Japan’s Aso: Finance Ministry and BOJ are cooperating well for financial stability, Global debt to reach record $227 trillion by the year-end – IIF, Mid-afternoon market update: Dow surges 200 points; Sutro Biopharma shares spike higher, U.S: Labor market losses momentum, confirming the need for additional stimulus, Futures live trading on Friday: Full session [Video], Data continue to reflect the economy’s resilience, Mid-day market update: Pagerduty jumps on upbeat Q3 results; Cortexyme shares slide, State of the Labor Market and next stimulus package, Treasuries yields surge, mixed dollar, Oil pares gains, Profit-taking hits Gold. BoE’s Saunders: It is possible that the economy will recover faster than expected, OECD: World GDP to expand by 4.2% in 2021 and 3.7% in 2022. Before the coronavirus hit, ROE in the euro zone stood at 5 per cent, De Guindos said. watch now. English. With regard to ECB policy, de Guindos repeated the bank's standing guidance that asset purchases are expected to end in December and rates would stay unchanged at least through next summer. trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. Keynote speech by Luis de Guindos, Vice-President of the ECB, at the CIRSF Annual International Conference 2019 “Financial Supervision and Financial Stability Ten Years after the Crisis: Achievements and Next Steps”, Lisbon, 4 July 2019. Published: just now. By … Note: All information on this page is subject to change. MADRID (Reuters) - European Central Bank Vice-President Luis de Guindos said on Monday that Europe was being hit by second wave of coronavirus, but countries were not keen to impose strict lockdown measures as seen at the end of March. ECB's de Guindos says Yellen's appointment good for global economy – SaltWire Network. 25/06/2019 Wed, May 27 2020 4:18 AM EDT. Any data and information is provided 'as is' solely for informational purposes, and is not intended for trading purposes or advice. What you need to know about COVID-19 today ECB's De Guindos says Eurozone growth in fourth quarter will be negative. 3 weeks ECB’s de Guindos: New ECB projections not going to be very far away from EC forecast today Forexlive . Note: all information on this page is subject to change need to know about today. Exchange, carefully consider your investment objectives, experience level, and tolerance. Premium offers ( available to Myfxbook clients only ) to your email WARNING foreign. 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