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Cyprus central bank chief warns lasting energy shock fuels inflation as ECB holds rates

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Cyprus central bank chief warns lasting energy shock fuels inflation as ECB holds rates

Governor Christodoulos Patsalides says the energy shock is raising inflation risks as the ECB holds rates, while Eurobank reports higher group profits despite a decline in Cyprus.

Directly affected

  • EURBF Eurobank

    Named in this report.

Indirectly affected

  • VGK Vanguard FTSE Europe ETF

    Vanguard FTSE Europe ETF holds stocks listed in Europe, which this story is about (“ecb”).

  • BWX SPDR Bloomberg International Treasury Bond ETF

    SPDR Bloomberg International Treasury Bond ETF holds government bonds outside the US, which react to inflation and interest-rate news like this one in Europe

  • EFA iShares MSCI EAFE ETF-2.2% 11d

    iShares MSCI EAFE ETF is a broad fund of developed-market stocks that includes Europe

  • ASML ASML Holding N.V+1.0% 18d

    ASML Holding N.V (special industry machinery) is one of the largest Europe-based companies traded in the US, so news about Europe (“ecb”) reaches its shares.

  • HSBC HSBC Holdings-9.3% 18d

    HSBC Holdings (savings institution, federally chartered) is one of the largest Europe-based companies traded in the US, so news about Europe (“ecb”) reaches its shares.

  • SHEL Shell+0.1% 13d

    Shell (crude petroleum and natural gas) is one of the largest Europe-based companies traded in the US, so news about Europe (“ecb”) reaches its shares.

  • NVS Novartis AG+1.3% 17d

    Novartis AG (pharmaceutical preparations) is one of the largest Europe-based companies traded in the US, so news about Europe (“ecb”) reaches its shares.

Price reaction, T-5 to T+3

TickerT-5T-3T-1T0T+1T+2T+3
EURBFNo price data for this ticker———————
VGKNo price data for this ticker———————
BWXNo price data for this ticker———————
EFANo price data for this ticker———————
ASMLNo price data for this ticker———————
HSBCNo price data for this ticker———————
SHELNo price data for this ticker———————
NVSNo price data for this ticker———————

Closing-price change versus T-1, the last close before the story. T0 to T+3 fill in after each market close. Prices: Alpaca IEX.

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Cyprus central bank chief warns lasting energy shock fuels inflation as ECB holds rates Cyprus Inform

Source: Cyprus Inform

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This story

12 out of 100

“Cyprus central bank chief warns lasting energy shock fuels inflation as ECB holds rates” scores 12 out of 100. The score uses 1 sources.