European Central Bank correspondent, Frankfurt
Marc's Feed
Aug 22, 2014

Dollar flatlines ahead of Yellen, Draghi at Jackson Hole

LONDON (Reuters) – The dollar was steady on Friday after its strongest weekly run since March and world stocks were near all-time highs as markets waited for steers from the Federal Reserve and ECB on diverging policy plans.

European shares .FTEU3 opened barely changed and heading for their biggest weekly gain since February, while Asian markets hitched a ride on another record close for Wall Street to end the week near a six-and-half-year high.

Aug 21, 2014

Euro steadies at 11-month low as dollar reigns

LONDON (Reuters) – Some reassuring data from Germany eased pressure on the euro on Thursday after speculation of an earlier rate rise from the Federal Reserve had pushed the dollar to an 11-month high.

Share markets also got a lift from the PMI report, which showed the German private sector grew for a 16th month running in August. Stocks had started the day looking flat after a disappointing survey on Chinese manufacturing overnight.

Aug 21, 2014

European shares, euro lifted by robust German data

LONDON (Reuters) – Some reassuring data from Germany eased pressure on the struggling euro on Thursday after speculation of an earlier rate rise from the Federal Reserve had pushed the dollar to an 11-month high.

Share markets had been feeling flat following a disappointing survey on Chinese manufacturing overnight but they too got a lift from the news that Germany’s private sector grew for a 16th month running in August.

Aug 21, 2014

Euro struggles at 11-month low as dollar reigns supreme

LONDON, Aug 21 (Reuters) – Some reassuring data from Germany
eased pressure on the struggling euro on Thursday after
speculation of an earlier rate rise from the Federal Reserve had
pushed the dollar to an 11-month high.

Share markets had been feeling flat following a
disappointing survey on Chinese manufacturing overnight but they
too got a lift from the news that Germany’s private sector grew
for a 16th month running in August.

Aug 8, 2014

Shares, dollar tumble as U.S. authorizes air strikes in Iraq

LONDON (Reuters) – World shares and the dollar tumbled on Friday and oil and gold jumped after U.S. President Barack Obama authorized targeted air strikes in Iraq, raising worries of another drawn-out conflict in the region.

It came as fighting also resumed in Gaza between Palestinian militants and Israel and with NATO’s calls for Russia to “step back from the brink” of war in Ukraine still ringing in ears of volatile markets.

Aug 8, 2014

World shares, dollar tumble as U.S. authorises air strikes in Iraq

LONDON (Reuters) – World shares and the dollar tumbled on Friday and oil and gold jumped after U.S. President Barack Obama authorised targeted air strikes in Iraq, raising worries of another drawn-out conflict in the region.

It came as fighting also resumed in Gaza between Palestinian militants and Israel and with NATO’s calls for Russia to “step back from the brink” of war in Ukraine still ringing in ears of volatile markets.

Aug 7, 2014

Russia puts the squeeze on Europe as focus turns to ECB

LONDON, Aug 7 (Reuters) – The first Russian riposte in a
sanctions tussle with the West over Ukraine kept European shares
and the euro under pressure on Thursday, as markets waited to
hear how the European Central Bank would respond to the crisis.

Stocks in the region were on edge as a week-long slide,
which has also seen nervy investors drive yields on safe-haven
German government debt to all-time lows, continued.

Aug 1, 2014

Russia has reserves to ride out sanctions – assuming no panic

LONDON/MOSCOW, Aug 1 (Reuters) – Mathematically Russia has
enough reserves to hold out for at least two years before
Western sanctions start to choke the economy, but it must avoid
reawakening the “sleeping dragon” of investor panic.

At first glance the stockpile – $472 billion of hard
currency reserves and nearly $1.5 trillion of assets overall -
is more than enough to keep banks, firms and the economy going
as the West tries to punish Moscow over the Ukrainian crisis.

Jul 30, 2014

Rating agencies hovering over trigger as Argentina default looms

LONDON (Reuters) – With just hours left for Argentina to strike a deal with bondholders who refused to sign up for its debt restructurings, rating agencies are poised to declare a default.

Argentina’s situation is unusual – it can pay its current bondholders, but a U.S. legal ruling prevents it from doing so unless it pays off its old lenders first.

Jul 29, 2014

Focus turns to U.S. outlook, Russian stocks stabilise

LONDON (Reuters) – World shares hovered just below all-time highs on Tuesday as investors drew encouragement from a rally in Chinese markets and beaten-down Russian stocks enjoyed some relief after three days of heavy selling.

Investors remained cautious, however, given geopolitical jitters and a torrent of U.S. economic news due to come this week, including a Federal Reserve meeting and GDP data on Wednesday and non-farm payrolls figures on Friday.