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RPT-From coal and steel to carbon-free and digital: the EU reaches turning point
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BRUSSELS (Reuters) - Years from now, 2021 may be seen as the moment the European Union took a leap forward from its post-World War Two birth as a coal and steel bloc to a modern green and digital economy.
FILE PHOTO: Metal coils are seen at ArcelorMittal steel plant in Ghent, Belgium, May 22, 2018. REUTERS/Yves Herman
It could also be one of the biggest missed opportunities in the 70-year history of EU integration, which has always tended to lurch forward in the aftermath of shocks ranging from the end of the Cold War to the current coronavirus pandemic.
“If now done thoroughly, it could be a real game-changer,” said Carsten Brzeski, global head of macro research for ING bank, as European capitals this week finalise plans to spend an unprecedented 750 billion euros of jointly raised EU borrowing.
by Tyler Durden
Thursday, Apr 22, 2021 - 08:14 AM
U.S. index futures traded flat on Thursday morning, rebounding from some early weakness ahead of today s ECB meeting, as investors assessed earnings from companies, including Southwest Airlines and AT&T, while awaiting weekly jobless claims data for clues on the pace of recovery in the U.S. labor market. Treasury yields steadied near a five-week low.
At 7:30 a.m. ET, Dow e-minis were down 15 points, or 0.04%, S&P 500 e-minis were down 5 points, or 0.11%, and Nasdaq 100 e-minis were down 22 points, or 0.16%.
On Wednesday, Wall Street s main indexes closed higher, recovering from a two-day decline in the previous session with value stocks gaining about 1.1%. Shares of AT&T gained 1% in premarket trading after the company s wireless subscriber additions trounced analysts estimates. read more. Southwest Airlines posted a smaller-than-expected quarterly adjusted loss and forecast lower cash burn in the second quarter. The airline s sh
A change in policy stance is unlikely, said Mark Wall, a chief economist with Deutsche Bank, in a research note. A decision whether or not to maintain the new faster pace of PEPP purchases will be made after a joint assessment of financing conditions and the outlook for inflation at the Council Meeting on June 10, he added, suggesting no updates for the meeting on Thursday this week.
PEPP sped up
In the wake of the pandemic, the ECB launched its Pandemic Emergency Purchase Program, or PEPP, which buys bonds in the region to stimulate lending and fuel an economic recovery. It left that program unchanged at its meeting in March, with the target purchase amount still at 1.85 trillion euros ($2.21 trillion) which is due to last until March 2022.
Kildare County Councillors expenses for last year revealed
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