European Central Bank correspondent, Frankfurt
Marc's Feed
Oct 24, 2014

Shares cool after best week of the year

LONDON (Reuters) – Global stock markets were heading for their best week of the year on Friday following reassuring company results, encouraging data from the world’s biggest economies and signs the ECB is upping its efforts to lift Europe.

European bank stress-test results due at the weekend and confirmation of New York City and Mali’s first cases of Ebola saw a touch of caution return, though markets were just happy to have broken out of a steep month-long selloff.

Oct 24, 2014

Stress tests, Ebola cool global stocks after best week of year

LONDON (Reuters) – World stocks dipped on Friday, as European bank stress test results due at the weekend and New York City’s first case of Ebola prompted investors to lock in profits after the best week for shares in well over a year.

A doctor who treated Ebola patients in West Africa became the first person to test positive for the virus in America’s largest city, raising fresh fears about its spread.

Oct 21, 2014

Brighter China data fails to lift stocks, dollar sags

LONDON (Reuters) – A two-day rebound in global shares slowed and the dollar edged lower on Tuesday, as slightly above forecast Chinese growth data failed to erase concerns that the world’s second-biggest economy is losing momentum.

China’s economy grew 7.3 percent in July-September official data showed, slightly above the 7.2 percent forecast by analysts. However, the growth was the weakest for any quarter since the 2008/09 global financial crisis.

Oct 20, 2014

ECB can use new banking knowledge in rate setting – Constancio

LONDON, Oct 20 (Reuters) – European Central Bank
policymakers will be able to use the information they gain from
their new banking supervisory powers in the traditional monetary
policy side of their jobs, ECB Vice President Vitor Constancio
said on Monday.

The ECB will take over the supervision of around 120 the
euro zone’s most important banks next month. It is one of the
bloc’s flagship responses to the financial crisis but marks a
huge broadening of the central bank’s primary role of keeping
inflation in check.

Oct 17, 2014

Europe rides rebound as global sell-off abates

LONDON (Reuters) – World stocks hit a nine-month low on Friday but oil and southern European bonds were off their week’s worst levels, as investors began to dust themselves off after one of the most volatile spells in world markets in years.

Nerves remained fragile, but some reassuring words from U.S. and European policymakers, U.S. data, and a sense there could be bargains to be had after the major falls in global equity and commodity markets, drew buyers in off the sidelines.

Oct 16, 2014

Europe shares fall again as global rout resumes

LONDON (Reuters) – World markets tumbled for a second day on Thursday, hurt by concerns about the health of world economy and fears that Europe’s debt crisis was waking up from a two-year siesta.

European stock markets slumped, with London, Frankfurt and Paris down 1.8, 1.7 and 2.4 percent by midday and Greek shares down 3 percent for a loss of 17 percent in a week.

Oct 16, 2014

Europe falls again as global rout resumes

LONDON (Reuters) – World markets tumbled for a second day on Thursday, hurt by concerns about the health of world economy and fears that Europe’s debt crisis was waking up from a two-year siesta.

European stock markets .FTEU3 slumped, with London .FTSE, Frankfurt .GDAXI and Paris .FCHI down 1.8, 1.7 and 2.4 percent by midday and Greek shares .ATG down 3 percent for a loss of 17 percent in a week. [.EU]

Oct 15, 2014

Oil slump and Ebola worries fan African bond sell-off

LONDON, Oct 15 (Reuters) – African dollar bonds were sucked
into a global rout of riskier markets on Wednesday, falling to
multi-month lows as slumping oil prices and worries about the
spread of Ebola fanned broader fears about world growth.

Many of Africa’s big economies depend on commodity exports,
whether it be oil in Nigeria, copper in Zambia or coffee and
cocoa in Ivory Coast. But meek global growth and oversupply mean
many raw material prices are at multi-year lows and the strains
are showing.

Oct 15, 2014

Rouble hits new low, stocks sag as falling oil burns

LONDON, Oct 15 (Reuters) – Russian and Middle Eastern
markets remained under heavy pressure on Wednesday as another
dive in oil prices – their main revenue earner – sparked new
selling, while slowing global inflation pushed some emerging
market bond yields to new lows.

As oil slid towards $80 a barrel, the rouble
dipped to its weakest level on record, Russian government
borrowing costs hovered at a five-year high and shares in Moscow
fell to near their lowest level since 2009.

Oct 14, 2014

Emerging stocks edge down; oil exporters take biggest hit

LONDON, Oct 14 (Reuters) – Emerging stocks edged down on
Tuesday but held above 6-1/2-month lows on the prospect of
delayed U.S. rate hikes, while shares and currencies in oil
exporters fell as oil prices sank to their lowest in nearly four
years.

With the dollar recovering after its biggest drop in
a year on Monday, currencies were more mixed though the rouble
fell another 1 percent against the dollar as oil prices
inched below $88 a barrel, the lowest since December 2010.