European Central Bank correspondent, Frankfurt
Marc's Feed
Mar 5, 2015

Global markets – Euro hits 11-yr low before ECB, stocks edge higher

LONDON (Reuters) – The euro hit an 11-year low against the dollar and the region’s stocks nudged higher on Thursday, as the European Central Bank prepared to provide the finer details of its soon-to-be-launched 1 trillion euro stimulus plan.

The common currency fell to as low as $1.1026, its lowest level since September 2003 and the region’s stock and periphery bond markets opened up as hopes for the ECB’s policy meeting in Cyprus lifted investors’ spirits.

Mar 5, 2015

Euro hits 11-year low before ECB, stocks edge higher

LONDON (Reuters) – The euro hit an 11-year low against the dollar and the region’s stocks nudged higher on Thursday, as the European Central Bank prepared to provide the finer details of its soon-to-be-launched 1 trillion euro stimulus plan.

The common currency fell to as low as $1.1026, its lowest level since September 2003 and the region’s stock .FTEU3 and periphery bond markets [GVD/EUR] opened up as hopes for the ECB’s policy meeting in Cyprus lifted investors’ spirits.

Feb 27, 2015

Exclusive: Greece set to get green light for EBRD support

LONDON (Reuters) – Greece is expected to be given the green light early next week for what could add up to well over a billion euros of cheap aid and funding support from the European Bank for Reconstruction and Development, according to sources at the bank.

The former Greek government put in a request late last year to become an EBRD ‘country of operation’ and make it eligible for the development bank’s support, but the process was put on hold during the uncertainty of the country’s recent elections.

Feb 27, 2015

Greece set to get green light for EBRD support

LONDON, Feb 27 (Reuters) – Greece is expected to be given
the green light early next week for what could add up to well
over a billion euros of cheap aid and funding support from the
European Bank for Reconstruction and Development, according to
sources at the bank.

The former Greek government put in a request late last year
to become an EBRD ‘country of operation’ and make it eligible
for the development bank’s support, but the process was put on
hold during the uncertainty of the country’s recent elections.

Feb 27, 2015

Turkey under pressure but stocks head for weekly gains

LONDON, Feb 27 (Reuters) – Emerging market stocks dipped on
Friday but were heading for their third weekly gain in the last
four as investors positioned for an extended era of cheap money
ahead of the European Central Bank’s looming bond-buying scheme.

The pressure on EM currencies from the dollar’s eighth
straight month of gains remained, however, and was exacerbated
for a handful of individual countries by political uncertainty.

Feb 26, 2015

Fed not losing too much sleep over stronger dollar: Fisher

LONDON (Reuters) – The U.S. Federal Reserve is not spending much time discussing the strength of the dollar at its meetings, outgoing Fed policymaker Richard Fisher said on Thursday, adding the central bank should start raising interest rates, albeit slowly.

The recent rise in the dollar .DXY, which hit a one-month high against a basket of currencies on Thursday, has led some in the market to question whether the Fed will push ahead with its first rise in interest rates in almost a decade.

Feb 25, 2015

World stocks near all-time highs after Fed signals

LONDON (Reuters) – World stocks were within touching distance of an all-time high on Wednesday as investors cheered signals from Federal Reserve Chair Janet Yellen that the U.S. central bank would not rush into raising interest rates.

Markets, still on high after the euro zone agreed to extend Greece’s aid deal, were given a further lift as slightly better-than-expected Chinese factory activity data helped ease concerns about the extent of the country’s economic slowdown.

Feb 24, 2015

Dollar, bond yields bounce, then fade after Yellen testimony

LONDON/NEW YORK, Feb 24 (Reuters) – The dollar edged lower
and bond yields fell after U.S. Federal Reserve Chair Janet
Yellen said on Tuesday it would be several months before the Fed
expects to raise interest rates, while European equity markets
gained after Greece produced a list of proposed economic
reforms.

In a subtle change of emphasis in how the Fed has been
speaking about its plans for rate increases, Yellen said its
policy-setting committee is considering interest rate hikes “on
a meeting by meeting basis.”

Feb 24, 2015

Dollar inches up on Yellen hopes, Greek breather

LONDON (Reuters) – World shares held near all-time highs on Tuesday on relief that Greece had submitted reform plans and the dollar was firmer on expectations that Fed chair Janet Yellen would keep the bank nudging towards U.S. rate hikes.

European bourses traded around breakeven as Greece delivered a list of economic reforms to the euro zone that it hopes will secure a four-month extension of its financial lifeline.

Feb 19, 2015

Top ECB official warned of risks of delaying QE

FRANKFURT, Feb 19 (Reuters) – The ECB’s chief economist
warned central bankers from around the euro zone of the perils
of delaying quantitative easing, according to records of a
January meeting that shed light on how policy makers ‘broadly’
agreed to launch the scheme.

Speaking to the Jan. 22 gathering of the ECB’s Governing
Council, which sets policy, Peter Praet addressed the risks of
waiting before launching a programme of quantitative easing, or
QE — effectively printing money to buy government bonds.