European Central Bank correspondent, Frankfurt
Marc's Feed
Apr 1, 2015

Solid start to second quarter for Euro stocks, dollar after blowout first quarter

LONDON (Reuters) – European stock markets made solid starts to the second quarter on Wednesday as data pointing to a gradual recovery in the euro zone economy gave investors fresh impetus after their blowout first few months of the year.

Europe’s benchmark FTSEurofirst 300 .FTEU3 recovered from a early wobble to put London’s FTSE .FTSE Germany’s DAX .GDAXI and France’s CAC .FCHI up 0.5, 0.3 and 0.5 percent higher respectively as core bond markets yields nudged higher.

Apr 1, 2015

Solid start to Q2 for Euro stocks, dollar after blowout Q1

LONDON, April 1 (Reuters) – European stock markets made
solid starts to the second quarter on Wednesday as data pointing
to a gradual recovery in the euro zone economy gave investors
fresh impetus after their blowout first few months of the year.

Europe’s benchmark FTSEurofirst 300 recovered from
a early wobble to put London’s FTSE Germany’s DAX
and France’s CAC up 0.5, 0.3 and 0.5 percent
higher respectively as core bond markets yields nudged higher.

Mar 31, 2015

Greece worries compound euro’s record quarterly fall

LONDON (Reuters) – The euro remained on track for its biggest quarterly fall and European shares for their best first quarter of the euro era on Tuesday as worries about Greece’s finances kept the single currency under pressure.

The European Central Bank’s 1 trillion euro quantitative easing programme, launched this month, has prompted investors to pile into shares on bets that a weak euro, low borrowing costs and cheap oil will help company profits surge.

Mar 27, 2015

European stocks head for biggest weekly fall of the year

LONDON (Reuters) – European shares were heading for their biggest weekly fall of the year on Friday, as a second week of gains for oil prices and periphery euro zone bond yields brought to a halt a two month bonanza for the region’s equity markets.

Trading on the day was choppy with oil dropping back after Thursday’s spike and the world’s regional share and currency markets mixed as investors assessed the wider global impact of the rising tensions in the Middle East.

Mar 26, 2015

Hungary c.bank head sees room to cut rates but wary of zero

LONDON, March 26 (Reuters) – Hungary still has room to cut
interest rates, the country’s central bank Governor Gyorgy
Matolcsy said on Thursday, adding he was not in favour of
slashing them all the way to zero.

“We still have some room to manoeuvre concerning cutting the
base rate,” Matolcsy said in a lecture organised by the European
Economics and Financial Centre in London.

Mar 26, 2015

Oil surges on Yemen air strikes, stocks tumble

LONDON (Reuters) – Escalating tensions in the Middle East as Saudi Arabia and its allies launched air strikes on Yemen pushed oil prices up as much as 6 percent on Thursday, and sent world share markets tumbling.

In the currency markets, the dollar fell against traditional safe-havens the Swiss franc CHF= and the yen JPY= after warplanes from Saudi Arabia and other Arab countries struck Shi’ite Muslim rebels fighting to oust Yemen’s president, and bombed the airport at the capital Sanaa, in a move seen as a bid to check Iranian influence in the region.

Mar 25, 2015

ECB’s Praet optimistic on growth, urges restraint on Greece

LONDON, March 25 (Reuters) – The European Central Bank’s
chief economist voiced optimism about near-term euro zone growth
on Wednesday, and called for policymakers to show “verbal
discipline” about the crisis in Greece.

Peter Praet, who oversees the ECB’s influential economics
department, said its 1 trillion euro bond-buying campaign had
been launched at the optimum time when there were signs that a
weaker euro and cheaper energy were lifting growth.

Mar 24, 2015

Fed’s Bullard warns of ‘violent’ reaction if markets misjudge rate path

LONDON (Reuters) – Unless investors start believing that U.S. interest rates are on the way up there could be a potentially extreme market reaction when they actually do rise, Federal Reserve policymaker James Bullard said on Tuesday.

Bullard said a first rate hike “sometime in the summer” would still leave monetary policy extremely accommodative, and that market expectations should be better aligned with those of the Fed considering the current “boom time” for the U.S. economy.

Mar 23, 2015

Russia hasn’t responded yet to debt talks invite – Ukraine fin min

LONDON, March 23 (Reuters) – Ukraine has officially invited
Russia to participate in debt restructuring talks but has not
yet received a response, the country’s Finance Minister Natalia
Yaresko said on Monday.

Russia holds $3 billion worth of bonds that mature in
December and are part of the debt Ukraine needs to restructure
under an IMF aid programme agreed earlier this month.

Mar 23, 2015

Dollar resumes fall, gold firms after Bullard comments

LONDON, March 23 (Reuters) – The dollar resumed its fall on
Monday after its steepest weekly drop in 3-1/2 years, as
comments by a top Federal Reserve official added to last week’s
dovish policy message.

The dollar’s fall helped copper and gold prices to firm
while European shares dipped, giving back
some of last week’s strong gains, and U.S. futures pointed to a
flat start on Wall Street.