The ECB has sent a strong signal, but it was inevitable at that point, particularly given the anticipation of the equity and bond markets. It is the logical conclusion of the ‘whatever it takes’ rhetoric Draghi initiated almost three years ago.Martin Steward, investment editor, IPEIt’s early days, but if this more optimistic take on things sticks over the next days and weeks, we could be seeing the beginnings of what could be a powerful bull market in European risk assets – but perhaps not the long-overdue and much-needed correction in safe-haven rates.Mark Burgess, CIO at Threadneedle InvestmentsThere has been some discussion about the lack of ‘mutualisation’ or risk sharing of the government bond purchases, but we feel the important issue is the commitment from the ECB to expand its balance sheet.Risk sharing was always likely to be a stumbling block, particularly given strong German opposition to the idea, but it should not reduce the effectiveness of the policy in terms of addressing short-term growth and deflation concerns. Importantly, German policymakers have not questioned the legality of the ECB’s decision to implement sovereign QE, although it is clear many Germans do not like it.Andrew Sheets, Phanikiran L Naraparaju and Serena W Tang of Morgan Stanley ResearchWe view the size as a positive surprise versus market expectations. More risk-sharing would have been better in our view, but at least there was some. The decision to allow buying out to 30-year maturities came as a surprise to markets. Combined with a larger-than-expected buying programme, we’d expect 30-year Spain to outperform.Jon Jonsson, senior portfolio manager at Neuberger BermanOverall, the announcement takes a constructive step in repairing the credibility of the ECB. We anticipate that the impact should generally be positive for risky assets within fixed income, prompting a tightening of spreads in peripheral sovereign markets, as well as European corporate credit. Equities, in turn, are likely to rally on a better economic outlook.Dennis van Ek, actuary at Mercer in the NetherlandsThe causes of the currently low rates – low inflation, as well as the ECB’s policy of suppressing rates – are still present. The purchasing programme will amplify this effect.Filippo Battistini, head of institutional and fund buyers at Allianz Global Investors in ItalyThe traditional carry strategies will no longer be sufficient. There is a potential for more flexible asset management strategies to gain ground, ones that include new alternative asset classes in the fixed income space and are complemented by hedging with derivative instruments.Maria Paola Toschi, global market strategist at JP Morgan in ItalyThe QE decision could initiate a very favourable period for the European economy, including firms and investors. The bond-buying programme should continue to put pressure on peripheral spreads, thus creating positive conditions in terms of debt obligations.We are convinced the ECB announcement and its implications for a weakening euro, coupled with a stable rates environment, could lead to potentially significant change in Europe. This makes us confident Europe will be one of the most promising investment themes of this year. A day after European Central Bank president Mario Draghi unveiled details of a €60bn-a-month asset purchase programme, a European quantitative easing (QE), IPE rounds up reactions from across the Continent to find out if the intervention will be able to pull the single currency out of its disinflationary spiralJohn Vail, chief global strategist at Nikko Asset ManagementFortunately, the ECB positively surprised the market in most every way. It is a historic day for central banking in Europe and, therefore, for the world, too, even if one thinks the economic effects will be marginal. In a sense, the ECB is now the most aggressive central bank in the G-3, as it has both negative policy rates and sovereign QE, but there are some factors to consider going forward.Andrea Beltratti, chairman at Eurizon Capital
Frank Howard looks like he was at practice yesterday. https://t.co/B2YlSajdUD— Billy Heyen (@Wheyen3) March 20, 2019 The Orange are scheduled to tip-off with Baylor at 9:57 p.m. on Thursday evening.This post has been updated with additional reporting. Comments UPDATED: Thursday, March 20, 2019 at 6:10 p.m.SALT LAKE CITY — Frank Howard will be out indefinitely due to a violation of Syracuse athletic department policy, SU Athletics announced in a release Wednesday afternoon.“(Frank) won’t be here with us tomorrow,” SU head coach Jim Boeheim said Wednesday afternoon.Howard was in the midst of playing some of the best basketball of his life, coming off a career-high 28 points in the ACC tournament loss to Duke. The senior was setting up for one final NCAA Tournament run.Instead, the Orange will possibly be without their senior point guard against Baylor in the NCAA Tournament Round of 64. There are two lineup options based off of what SU has tried previously this season: Tyus Battle could start at point guard with Buddy Boeheim playing the 2, or Jalen Carey could start alongside Battle in the backcourt.AdvertisementThis is placeholder text“Fortunately, Tyus has played the point quite a bit this year, even when Frank came back at Duke and several other spots along the way,” Boeheim said. “Pittsburgh, Boston College, we did play Tyus at the point, so he’s been there. Jalen’s had good practices. Everybody — it is very similar to last week when we found out Tyus wouldn’t play. I thought the players made a great adjustment. We played really well in both games in the tournament. And we’re going to have to make that same adjustment this week with a different guy going.”When Howard missed time early in the season with injury, Carey was also out with injury so Buddy and Battle were the starting backcourt for the two games to open Syracuse’s season. Based on what Tyus Battle and Oshae Brissett said on Wednesday during media availability, the SU players had learned of the news recently.Howard was shown practicing in the Utah Jazz practice facility in a video on Syracuse basketball’s Twitter account posted Tuesday. Published on March 20, 2019 at 5:18 pm Contact Billy: [email protected] | @Wheyen3 Facebook Twitter Google+
Reports reaching Transfer Zone has it that Ghana goalkeeper Richard Kingson is expected to arrive in Turkey on Saturday to seal a deal with Turkey second tier side Bal?kesirsporThe 35-year-old, who plays for Cyrpiot side Doxa Katokopia, has already agreed the deal with Bal?kesirspor, insiders from the Turkish club have told Ghana’s leading football news outfit.According to high ranking officials of Bal?kesirspor Kingson will undergo a medical lastest by Sunday and if he is successful he will sign the contract to return to the Turkish game.Kingson will sign a two-and-a-half years contract Bal?kesirspor if the formalities go through without a hitch.Despite admitting that two Turkish clubs have expressed interest in signing Kingson, the goalkeeper’s agent Tekin Birinci insists no deal has been done yet.“We are having offers from Turkish teams and also from other teams but richard Kingson is still Doxa player,” Kingson’s agent Tekin Birinci said. The next 24 hours will prove crucial in Kingson seeking to seal the deal as there was huge speculation that Kingson had arrived in Turkey but he is still in Turkey.A move to Turkey will help Kingson realize his dream of staying in the limelight to ensure his selection into the Black Stars for the 2014 World Cup.Kingson previously played for Galatasaray, Sakaryaspor, Goztepe, Antalyaspor, Ankaraspor and Elaspor so he will have no difficulty in settling down.