European Central Bank

The bond guru says ECB and BOJ have kept the U.S. from recession.
As the European banking industry struggles with negative deposit rates, banks and their clients are finding ways to profit from the crisis.
Markets flag after Draghi downplays further easing; Chinese inflation remains tame; Wells Fargo fined over fictitious accounts; China’s new railway boom.
As central bankers gather for the Fed’s Jackson Hole symposium, they’re getting tired of being the only game in town.
IEA predicts that oil glut will wane; Alibaba beats estimates while reporting greater diversification of business units.
U.K. polls tighten and Yellen testifies; AXA offers cost-cutting strategy; PBOC to allow access to offshore yuan; Two Sigma’s Saret and Manzo on Brexit sentiment.
The second half of 2016 is looking bumpy amid possible Fed hikes and trepidation about what’s been supporting the market to date.
Unemployment and prices fall in Germany; Audi drives Volkswagen quarterly profit; another Chinese flash crash; Jazz proposes Celator buy.
Skepticism continues over ECB easing; Petrobras reports another loss; no shift in OPEC estimates; Honda takes a hit on airbag recall.
The risk premium on European high-yield bonds presents an attractive option, as does the lower end of the investment-grade spectrum.