Mario Draghi

The European Central Bank (ECB) has sounded the alarm on Europe's financial stability, warning of rising sovereign debt risks as fiscal pressures mount and growth weakens. From sluggish growth to sovereign debt sustainability concerns, Europe appears to be battling a perfect storm of economic and...

Italian economist and former Goldman Sachs Group Inc (NYSE: GS) banker turned European Central Bank President Mario Draghi held his last press conference Thursday as he prepares to leave the position Oct. 31 after eight tumultuous years at the ECB.  European leaders have nominated...

Eurozone stocks and the related exchange traded funds haven't been all that bad this year. The SPDR EURO STOXX 50 ETF (NYSE: FEZ), for example, is up 12.26%. That sounds pretty good until acknowledging FEZ is trailing the S&P 500 by about 500 basis points. FEZ tracks the EURO STOXX 50 Index...

European leaders have nominated International Monetary Fund Managing Director Christine Lagarde to become the next president of the European Central Bank, according to The Wall Street Journal. Member states decided to back Lagarde to succeed the current ECB chief Mario Draghi, whose eight-year term...

The European Central Bank could see rate cuts as a toolkit for new stimulus. On Tuesday, the European stock market recovered from early falls as ECB President Mario Draghi promised more monetary stimulus if the economy does not improve. ForexLive reports the Euro is under renewed pressure now as...

Global markets sank Thursday after the European Central Bank cut its 2019 economic growth forecast and announced a new round of longer-term refinancing operations (TLTRO) stimulus for European banks. The ECB cut its 2019 Eurozone growth forecast from 1.7 percent to 1.1 percent. It also announced a...

European stocks and the corresponding exchange-traded funds are among this year's most resurgent asset classes, a theme made all the impressive when considering the euro's strength against the dollar and some political volatility in the region earlier this year. The U.S. Dollar Index is...

The highlight of the economic calendar of the week is the annual Jackson Hole Economic Policy Symposium to be held on Friday and Saturday. Though the symposium as such, is not a market moving event, there is a lot of excitement generated around it, given the pedigree of the attendees and kind of...

A weaker U.S. dollar and stronger euro aren't compelling enough to reassure European investors, even at a time when the European Central Bank's Mario Draghi is touting the region's "robust recovery," Bloomberg reported. The euro is trading near its highest levels seen since January 2015, yet at the...

The British pound experienced a nasty flash crash Thursday evening and failed to recover all of its losses on Friday. On Monday, the currency was trading lower by nearly 0.50 percent, as Brexit concerns aren't fading away. According to Bloomberg, the U.K.'s Prime Minister Theresa May is visiting...

Bloomberg published a list on Thursday of who its reporters and editors consider to be the most influential people in the world. For many, the list shouldn't come as a surprise and contains familiar names including JPMorgan Chase & Co. (NYSE: JPM)'s CEO Jamie Dimon, Tesla Motors Inc (NASDAQ:...