With Germany flash services PMI data also beating forecasts, the single currency rose to the day’s highs at $1.1674.
ECB officials are growing increasingly concerned that a looming trade war could derail the euro zone’s recovery.
The ECB will exercise patience over its first interest rate hike and plans to adjust policy only gradually as uncertainty is on the rise and inflation needs to increase further, Mario Draghi said.
Most government bond yields in the euro zone were steady, pausing after a hefty fall late last week after ECB signaled it would keep interest rates low.
European Central Bank Governor Mario Draghi gave a robust defense of the euro currency on Thursday and said it would be damaging to even discuss the idea of Italy leaving the currency.
The ECB decided to end its 2.55 trillion euro bond-purchase program at the close of the year and said interest rates would stay unchanged until the summer of 2019.
The five big themes likely to dominate thinking of investors and traders in the coming week and the Reuters stories related to them.
The world’s top two central banks will hope to signal confidence in global economic growth, despite risks of a trade war, currency swings and political turbulence.
Euro stayed near two-week highs against many of its rivals, on rising bets ECB may soon announce it will start winding down its massive bond purchase program.
ECB will debate next week whether to end bond purchases later this year, the bank’s chief economist said on Wednesday.
JSW Steel Limited
May bid for Arcelor-Mittal's Romanian plant
Gets DCGI's marketing nod for key cancer drug
Inks 5-year I.T. Infra deal with Nokia
BANK OF MAHARASHTRA
To raise Rs 3,000 Crore equity capital
Plans to launch 50 cvs this fiscal
Company may bid for Arcelormittal's Romanian plantco
Proposes investment of $500 Mn to upgrade steel manufacturing unit at Ohio, USA
Integrated steel manufacturing unit in Ohio, with potential capacity of 3 MTPA
Company gets marketing nod for Durvalumab drug from DCGI
Durvalumab is a patented product of AstraZeneca Global
Permission significant for patients with limited treatment options
Nokia signs 5-year global I.T. Infra & application services deal with company
Company will transition services from four incumbent vendors
Will build on strong existing engineering-centric partnership with this deal worth $500 Mn
BANK OF MAHARASHTRA
Gets shareholders' nod for raising equity capital upto Rs 3,000 Cr
Bank union requests govt to intervene in bank's arrests
AIBEA writes to DFS secy to step-in to save bank's reputation
May have rotating chairman till full time chairman is appointed
U.S. Investors of bank want Kochhar to quit
Investors will be confident if external candidate is appointed as CEO: Macquarie
TOI & ET REPORTS