European Central Bank correspondent, Frankfurt
Marc's Feed
Sep 19, 2014

Relief for Europe as Scotland stays put

LONDON (Reuters) – British markets rallied and the rest of Europe followed suit on Friday as Scotland’s decision to stay in the United Kingdom eased investors past the latest in a recent run of global political obstacles.

With almost all the votes in, the camp for Scotland to remain in the UK was ahead 55 percent to 45 percent, an outcome likely to bring relief to a number of countries in Europe, particularly Spain, which is facing similar secessionist pressures in Catalonia.

Sep 18, 2014

EBRD warns post-Cold War “peace dividend” at risk

LONDON, Sept 18 (Reuters) – The European Bank for
Reconstruction and Development warned on Thursday that the
crisis over Ukraine could erode some of the economic “peace
dividend” eastern Europe gained when the Cold War ended.

It said conflicts in the region, which are disrupting trade
and diverting government spending, made its economic forecasts
“subject to an exceptional degree of uncertainty and downside
risks to the economic outlook are high.”

Sep 18, 2014

Dollar hits six-year peak versus yen, ECB aims cash hose

LONDON (Reuters) – The dollar vaulted to a six-year peak against the yen on Friday as the Federal Reserve’s outlook for rising interest rates underlined the diverging path between the United States and the rest of the rich world.

It came as the European Central Bank prepared to turn its liquidity taps back on in full after a 2-1/2 year break, and as voters in Scotland started hitting the polls to decide whether to separate from the rest of the United Kingdom.

Sep 17, 2014

EBRD warns of erosion of post-Cold War “peace dividend”

LONDON, Sept 18 (Reuters) – The European Bank for
Reconstruction and Development warned on Thursday that the
crisis with Russia and Ukraine could erode some of the “peace
dividend” eastern Europe gained when the Cold War ended.

It came as the organisation shaved another slice off its
regional growth forecasts for the year, predicted Russia would
dip into recession in 2015 and urged the European Central Bank
to consider quantitative easing.

Sep 9, 2014

Dollar sweeps to 14-month high, kicks oil below $100

LONDON (Reuters) – A robust dollar swept to a 14-month high on Tuesday as investors tweaked bets on an early hike in U.S. interest rates, burdening oil, gold and stocks in the energy majors.

As the dollar broke to a six-year peak on the yen and a 14-month top against the euro, gold sagged to a three-month trough and Brent oil settled below the $100 a barrel mark.

Sep 8, 2014

Scotland split jitters send sterling to 10-month low

LONDON (Reuters) – Sterling fell to a 10-month low while British shares and government bonds showed strains on Monday, as a poll put the campaign for Scotland to split from the rest of the UK in the lead for the first time — just 10 days before the final vote.

With a ceasefire in Ukraine tentatively holding and markets underpinned by Chinese stimulus hopes and last week’s salvo of ECB support measures, European investors were left mulling a potentially messy divorce in the UK that, up until now at least, most had viewed as an unlikely risk.

Sep 5, 2014

France most at risk in new euro zone fiscal drive say rating firms

LONDON, Sept 5 (Reuters) – The world’s top rating agencies
are taking a cautious stance on Mario Draghi’s call for tax cuts
and growth-friendly tinkering of fiscal policy in the euro zone
and warn France’s rating would be most at risk if it fails to
noticeably improve growth.

In a landmark speech last month, the head of the European
Central Bank said it would be “helpful for the overall stance of
policy” if fiscal policy could play a greater role alongside the
ECB’s monetary policy, adding: “and I believe there is scope for
this”.

Sep 5, 2014

Euro left reeling after ECB’s liquidity splurge

LONDON (Reuters) – The euro was deep in the red on Friday, having suffered its steepest fall in three years after the European Central Bank stunned markets by cutting interest rates and embarking on a trillion-euro asset-buying binge.

The aggressive shift sent short-term bond yields into negative territory in Germany, France, the Netherlands and Austria, giving investors an overwhelming incentive to sell euros for higher-yielding assets elsewhere.

Sep 3, 2014

Georgia president says will seek invitation to join NATO

LONDON, Sept 3 (Reuters) – Georgia’s president said on
Wednesday the country would seek an invitation to join NATO at a
summit of leaders of the alliance in Wales this week.

President Georgy Margvelashvili, in a speech at the Chatham
House think-tank, said: “We will shoot for an invitation for
NATO membership. But we understand that…decisions are made in
a much more complicated way.”

Sep 2, 2014

Europe shares open higher after gains in Japan, China

LONDON (Reuters) – Risk appetite flickered back into life in financial markets on Tuesday with the dollar and European and Japanese shares rising while safe-haven bonds, the yen and gold all took a step back.

The dollar rose in thin trading to its highest since January against the yen. The euro reached a one-year low against the greenback as speculation mounted about what the ECB will do when it meets on Thursday.