See the full story in the original article.
Read the original on economictimes.indiatimes.com ↗
Keywords
ECBeuroEURUSDartificial intelligenceenergy security
Open a keyword to see other news on the same topic.
Related tickers and likely impact
EUR/USD
• NeutralRelevance: low
| Market | Currencies |
|---|---|
| Close on 10/20/2026 | 1.12376 |
| Change that session | +0.22% |
DXY
• NeutralRelevance: low
| Market | Currencies |
|---|---|
| Close on 10/20/2026 | 101.70 |
| Change that session | -0.28% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
Related news
- Commentary: ECB 21 October
In the week ending 16 October 2026, the Eurosystem's net foreign currency position fell by EUR 0.1 billion to EUR 349.5 billion. The net balance of open market operations and standing facilities dropped by EUR 7.1 billion to -EUR 1,927.5 billion, mainly due to a change in the deposit facility. Base money rose by EUR 3.8 billion to EUR 3,923.5 billion. The release also breaks down securities held for monetary policy purposes by portfolio, all carried at amortised cost.
- Euro - Area Inflation Reaches 3 . 8 % as Energy Prices Rise 18 . 9 %
Euro-area inflation rose to 3.8% in September 2026 from 3.2% in August, as energy prices climbed 18.9% year over year; inflation was 2.2% in September 2025. The European Central Bank raised its deposit facility rate by 25 basis points to 2.50%, effective Sept. 16, citing inflation pressure linked to the Middle East conflict and saying future decisions depend on incoming data. The Bank of England held its rate at 3.75%, with six policymakers voting to hold and three favoring a rise to 4%. For households, fixed-rate mortgage payments stay unchanged until the fixed period ends, while variable and tracker payments can change; MoneyHelper suggests emergency savings of three to six months of essential expenses. Next indicators are the ECB meeting on Oct. 28-29, Eurostat's inflation estimate on Nov. 4 and the Bank of England decision on Nov. 5.
- Lagarde could leave ECB early to become WEF chair , sources say
- Euro gets much - needed reprieve as AI wobbles rock the dollar
AI stocks slumped this week, and the stress spread to credit markets as investors worried that data centre operators may not become profitable in time to repay their debts. Money flowed into US Treasuries, pushing the 10-year yield toward its largest weekly fall in more than a year, while the dollar also sold off. The euro recovered after dropping more than 3% against the dollar over the previous five weeks on worries about France's debt and a winter energy squeeze; it traded at US$1.1210. The dollar fell 0.2% this week to 158.13 yen, with the dollar index at 102.07, while the Australian dollar bucked the trend, heading for a 0.8% weekly fall after a surprisingly weak jobs report. Traders now put a 72% chance on the Fed holding rates this month, up from 53% a month earlier.
- World Insights: EU summit ends with mounting bills, unresolved divisions - Xinhua
The two-day EU summit in Brussels ended without a breakthrough on the bloc's long-term budget, as rising security and energy costs exposed a gap between ambition and delivery. The Commission proposed nearly 2 trillion euros for 2028-2034, but the Irish presidency's compromise would cut about 141 billion euros (158 billion dollars) and drew resistance; von der Leyen warned it would leave 99.5% of funds predetermined. Zelensky said the war would cost Ukraine 155 billion euros in 2027 and requested at least 70 billion euros more, while the EU has already agreed a 90-billion-euro loan for 2026-2027. Von der Leyen said the Middle East conflict added 106 billion euros to the EU's fossil fuel import bill. Italy, Greece and the Visegrad countries pushed to postpone the ETS2 carbon pricing system to 2030, but the Nordic countries resisted and no agreement was reached.
- World Insights : EU summit ends with mounting bills , unresolved divisions - Xinhua
The two-day EU summit in Brussels ended without a breakthrough on the bloc’s 2028–2034 long-term budget as security and energy costs rose. The Commission proposed a nearly 2-trillion-euro (2.24 trillion U.S. dollars) budget, while the Irish presidency’s compromise cuts about 141 billion euros (158 billion dollars) and faces opposition; von der Leyen said it would halve budgetary flexibility. Ukrainian President Volodymyr Zelensky said the war would cost 155 billion euros (173 billion dollars) in 2027 and requested at least another 70 billion euros (78 billion dollars). The Middle East conflict added 106 billion euros (119 billion dollars) to the EU’s fossil fuel import bill, and leaders remained split on postponing the ETS2 emissions trading system, with no agreement reached.
Related markets
Latest news
- 3 ETFs That Can Weather Stock Market Volatility
The article argues that for many investors, the best approach to a bear market is to buy low-cost index funds tracking the total U.S. stock market and hold through short-term declines. It highlights three ETFs, each with a 0.03% expense ratio: the Vanguard S&P 500 ETF (VOO), the Vanguard Morningstar Total Stock Market ETF (VTI) and the Schwab U.S. Broad Market ETF (SCHB). Since inception, VOO has averaged about 14.9% a year over 16 years, SCHB about 14.3% over nearly 17 years, and VTI about 9.4% over 25 years, including the 2008 financial crisis. Although these funds hold major tech stocks, they are more diversified than the tech-heavy Nasdaq-100, and in the 2022 bear market they performed much better than that index.
- A New Mexico Judge Ordered Meta to Pay $25 Billion For a Case. Its Stock is Still Climbing.
A New Mexico judge ordered Meta to pay $25 billion after a jury found the company misled consumers about the privacy of their data a decade ago. Judge Francis Mathew said Facebook's wrongdoing, which lasted for years, went to the heart of its core business practices. New Mexico Attorney General Raul Torrez said the ruling could be the largest verdict by a single state against the company. Meta shares still rose 1.77% to above $706.5 in the afternoon ET, and the company is likely to appeal. The case is tied to the Cambridge Analytica scandal, in which data from close to 90 million Facebook users was harvested without consent through a third-party app.
- Judge orders Meta to pay $25 billion to New Mexico for violations of state law
A Santa Fe district judge ordered Meta Platforms to pay New Mexico $25 billion after a jury found the company made false statements in violation of the state's Unfair Practices Act. The jury found 43.9 million violations, with 26 of 29 statements deemed false or deceptive, affecting nearly 1.4 million New Mexico Facebook users. Judge Francis Mathew wrote that Meta 'willfully and intentionally' misled the public, including through statements by CEO Mark Zuckerberg and former COO Sheryl Sandberg. Attorney General Raúl Torrez called it one of the largest financial penalties against a corporation in U.S. history. The case stems from a 2021 lawsuit over the Cambridge Analytica data scandal.
- SpaceX gives the AI trade a shot in the arm. What it means for our stocks
SpaceX shares rose about 7% after the company reported strong third-quarter results and a robust outlook through year-end and into 2027. The article argues that SpaceX's rocket, AI and connectivity business touches many layers of the AI supply chain, from power and semiconductors to data center infrastructure, models and applications. Musk said the main constraint on deploying AI compute is now power, cooling and infrastructure rather than chips, and SpaceX plans to bring 2.5 to 3 gigawatts of compute online by year-end and about 10 GW in 2027. Its agentic AI product Grok Bot previously had 800,000 paid weekly users, and the article points to GE Vernova and Eaton as possible beneficiaries of this demand.
- XRP Price Prediction: What Would It Actually Take for XRP to Hit $210?
The article questions a $210 XRP price target, noting XRP traded at $1.36 on October 21, 2026, with a market value of about $85.6 billion. Reaching $210 would require a market cap of about $13.26 trillion, roughly 7.9 times Bitcoin's $1.68 trillion and far above XRP's all-time high of $3.65 set on July 17, 2025. U.S. spot XRP ETFs have drawn about $1.8 billion in total net inflows, but recorded zero net inflows on October 19 and 20, and XRP has fallen 27.3% year to date despite Ripple announcements. The article concludes that reaching $210 soon is unlikely and that a more realistic path would first see XRP recover to $1.84, then $2.42, before testing its record high.
- Are Bonds Pricing In A Fed Policy Mistake?
Ten-year US Treasury yields surged to 5.33% after the October 14 CPI report, then fell to 5.03% a few days later despite hotter-than-expected inflation data. Mohamed El-Erian cited two AI-related reasons: a flight to quality out of tech stocks under pressure (the SOX index fell almost 20%), and slower AI spending that could weaken growth and inflation. The author adds short covering, as asset managers added more than 100,000 contracts to short 10-year Treasury futures, and a strong $39 billion 10-year auction at 5.300% that drew more demand than expected. The article argues the bond market may be pricing in the risk that the Federal Reserve is being pushed into a policy mistake.
Get the briefing on Telegram or Zalo
Join the Upside Telegram channel or Zalo group for the Vietnam stocks and gold briefing at 8:00 and 19:00 (Vietnam time) on trading days, plus a weekly wrap on Saturday morning.