MILAN, June 8 (Reuters) - European shares steadied on Thursday helped by stronger bank stocks and a bounce in oil prices but caution dominated as Britons vote in a general election and the European Central Bank holds its policy meeting. The euro and sterling held steady while the dollar index wallowed near seven-month lows.
The bank took a tiny step toward an eventual exit from the stimulus by dropping wording in its statement saying it could lower interest rates even further.
Announcing small upgrades in its growth forecasts through to 2019, ECB President Mario Draghi told a news conference the bank no longer saw risks to growth as being skewed to the downside.
After years of crises and stagnation, the surprise upturn in the euro zone economy has pushed the issue of reining in the ECB's €60billion-a-month stimulus up the agenda.
That came after the European Union statistics agency Eurostat earlier revised up its estimate of first quarter growth to its fastest rate in two years, saying the economy of the 19-country euro zone expanded by 0.6 percent quarter-on-quarter and by 1.9 percent year-on-year.
The ECB is expected to leave policy unchanged later today as inflation remains below its target despite stronger economic growth in the euro zone.
But the bank's announcement Thursday reiterated that its stimulus in the form of monthly bond purchases could be stepped up if the economic outlook worsens. The 60 billion euros ($67 billion) per month in bond purchases are to run at least through the end of the year. The measure pumps newly printed money into the economy in an effort to raise inflation toward the bank's goal of just under 2 percent considered best for the economy. The first-quarter rate is the highest for two years and backs up a raft of indicators showing that the recovery across the region has picked up momentum.
Shares of Alibaba Group Holding were up 11.5 percent at $140.08 in premarket trading after the company said it expects revenue growth of 45-49 percent in the 2018 fiscal year. The financial markets have remained cautious over the recent slowdown in inflation across the Eurozone, which is fuelling some speculations that the central bank's easy monetary policy still has a long way to go. While few expect that to happen, the words underline that the bank is not yet willing to call time on the stimulus program.
Analysts think the bond purchases will be tapered next year, but the bank has moved gingerly in indicating when it might be ready to announce a schedule for reducing and then ending them.
The interest rate for the main refinancing operations was kept at 0.0%, alongside a rate of 0.25% on the marginal lending facility while the deposit rate was unchanged at -0.40%. That is in effect a tax aimed at pushing them to lend the money instead of hoard it.
Louis Post-Dispatch and several others report that the child was six, while other outlets say the child was seven years old. Alyssa was the youngest of three girls, each born 16 months apart, according to her maternal grandmother Christine O'Dell .
Former President Obama delayed the project in December by refusing to grant the Army Corps of Engineers an easement for the lake. We look back on the the fight against the pipeline during the coldest months of North Dakota winter.
The Australian dollar rose, buying 74.90 USA cents at 2:58pm in Sydney compared with 74.74 U.S. cents prior to the decision. There were also signs of a cooler housing market after prices dropped in May for the first time in 18 months.
They said that a dictatorship is not a handiwork of one man but a collective effort of complicit individuals and institutions. Contrary to the President's Report, the Amai Pakpak Medical Center (APMC) was not overrun by the Maute Group according to Dr.
After three consecutive years of ties, the bee is likely to identify a sole champion this year because it added a tiebreaker test. Mira spelled the following words correctly to remain in contention: Icarian, ornithology and ferriferous.
The pipeline project has already earned approval from the National Energy Board, the federal government, and the province of B.C. Corporate and union donations would be banned, and limits placed on individual contributions to political parties.
That's even after Kuwait's emir Sheikh Sabah Al Ahmad Al Sabah flew to Qatar to discuss the crisis with officials. The Kuwaiti leader went to the UAE and Qatar on June 7 for talks on the crisis and is now back in Kuwait.
Trump said he would negotiate to possibly re-enter the agreement, which most of the world has already ratified, on new terms. The state department said the embassy's economics councillor Jonathan Fritz would be filling in behind Mr Rank immediately.
Trump on Wednesday declared that abandoning the Paris climate agreement would be a victory for the American economy. U.S. media reported Wednesday that Trump had made a decision to pull the United States out of the Paris accord.
Trump wishes Comey luck, allies aim at lawman's credibility
But Coats indicated that he would cooperate with the Russian Federation probe now being led by special counsel Robert Mueller . Acting FBI Director Andrew McCabe has also testified that there has been "no effort to impede" the Russian investigation.
Apple unveils 'HomePod' speaker, first new product in years
This speaker is "wrapped in a seamless mesh fabric" that's made to look good and perform well with speakers blasting through it. As Schiller introduced the device, he acknowledged that there are several other smart home speakers available on the market.
Steve Kerr will coach Game 2 of NBA Finals
Golden State had 31 assists on 45 made field goals, and the players were able to get to any spot on the court that they pleased. According to Head Coach Tyronn Lue, the Cavs will also need to push the pace and score in transition, per USA Today .
Mickelson to miss US Open for daughter's graduation
Open to attend his daughter Amanda's high-school graduation, according to Karen Crouse of The New York Times . Open week and turns 47 this June, has had family issues come up during the season's second major in the past.