‘Lower for longer’ policy means savers, group pensions and investors who rely on fixed-income returns face relentless tightening of pressure

European financials have rebounded strongly but is this the moment to chase the rally or maintain pessimism, asks Richard Milne

Decision could support sectors such as utilities and energy that thrive on low interest rates and fears of higher inflation

Bonds fell below the 6% level before edging back up in the so-called LTRO rally which has also led to sharp falls in Spain, Greece and Ireland

US stocks open lower as investors react to a fresh round of earnings reports and news that Greece continues to struggle to reach a deal with its creditors

Stocks and the single currency are lower as traders express frustration that a deal between Greece and its creditors had still not been reached

Regardless of any debt deal, uncertainty will still grip the region as three issues remain of deep concern before contagion fears can be laid to rest

The worst dry spell in decades has forced ranchers to sell calves at a younger age than usual, reducing the average weight before slaughter

IEA cites mild winter, high prices and slowing global economy and foresees further drop in consumption

The price of US natural gas fell to the lowest level in a decade as a combination of a mild winter and a boom in shale drilling boost reserves