European Central Bank correspondent, Frankfurt
Marc's Feed
Feb 26, 2014

Shares sluggish, semblance of calm returns to China markets

LONDON (Reuters) – World shares struggled to stay above water on Wednesday as concerns over opaque policy moves in China kept investors on edge amid a scarcity of major economic data.

Chinese share markets and the yuan had stabilized overnight after sharp falls on Tuesday as the central bank continued its gradual squeeze on the yuan.

Feb 25, 2014

World stocks scale peaks, yuan drops most in 3 years

LONDON (Reuters) – World shares were at a 6-year high on Tuesday following a record peak on Wall Street, while moves by China to stamp out easy betting on the yuan triggered the currency’s biggest drop in over three years.

The upbeat mood among equity investors in the United States as well as Europe helped steady markets in China after the sharp plunge in the yuan and talk of credit tightening had seen stocks in Beijing suffer their biggest drop since September.

Feb 25, 2014

Stocks scale peaks, yuan drops most in 3 years

LONDON (Reuters) – World shares were at a 6-year high on Tuesday following a record peak on Wall Street, while moves by China to stamp out easy betting on the yuan triggered the currency’s biggest drop in over three years.

The upbeat mood among equity investors in the United States as well as Europe helped steady markets in China after the sharp plunge in the yuan and talk of credit tightening had seen stocks in Beijing suffer their biggest drop since September. .SSEC.

Feb 24, 2014

Bosnia unrest is ‘local fire’ that can be put out: PM

LONDON (Reuters) – The recent unrest in Bosnia is a local “fire” than can be quickly put out by moves to raise living standards, Prime Minister Vjekoslav Bevanda said on Monday.

Speaking at an EBRD conference, Bevanda played down the impact of this month’s protests in parts of the Balkan country that have seen government buildings set ablaze in what has been the worst violence since the 1992-95 war.

Feb 19, 2014

EIB freezes activities in Ukraine over violence, EBRD scales back

BRUSSELS/LONDON Feb 19 (Reuters) – The European Investment
Bank (EIB) said on Wednesday it had frozen its activities in
Ukraine after at least 26 people died in the worst violence
since the former Soviet republic gained independence.

The European Bank for Reconstruction and Development (EBRD),
the largest financial investor in Ukraine, said it had already
scaled back its dealings with Kiev but had not suspended
operations.

Feb 19, 2014

Stock buyers hesitant; euro holds gains

LONDON (Reuters) – Hesistant share investors kept a wary eye on interest rates in China while the euro left the dollar in its wake on Wednesday after soft U.S. economic data argued against any rapid withdrawal of Federal Reserve stimulus.

The action was light, with European shares barely budging in early trading after a month when the region’s stocks have dropped seven percent and then climbed back up again.

Feb 18, 2014

Nowotny eyes ‘self-correction’ of low inflation, strong euro

LONDON (Reuters) – Low euro zone inflation and the strong euro could both start to self-correct this year without necessarily requiring any action from the European Central Bank, one its policymakers Ewald Nowotny said on Tuesday.

The ECB meets next month armed with new staff forecasts that for the first time will stretch out as far as 2016.

Feb 14, 2014

Taper tensions, ECB tests to keep banks deleveraging in emerging Europe

LONDON (Reuters) – Banks are likely to keep cutting lending to central and eastern Europe this year, under pressure from an asset review and emerging market tensions, according to a group set up to avert a capital drain from the region.

A new report by the International Monetary Fund and other ‘Vienna Initiative’ institutions showed that market volatility and global borrowing costs meant Western banks had further scaled back positions in emerging Europe between June and September last year.

Feb 14, 2014

World shares head for best week of 2014

LONDON (Reuters) – Evidence of a gradual acceleration in euro zone growth put the region’s shares on course for their best week of the year on Friday and pushed the euro to a three-week high.

As well as the encouraging economic data, which helped take some of the sting out of Thursday’s disappointing U.S. retail and unemployment figures, investors gave a cautious thumbs up to the latest changeover at the summit of Italian politics.

Feb 14, 2014

Improving euro zone growth lifts shares, euro

LONDON (Reuters) – Evidence of a gradual acceleration in euro zone growth put the region’s shares on course for their best week of the year on Friday and pushed the euro to a three-week high.

As well as the encouraging economic data, which helped take some of the sting out of Thursday’s disappointing U.S. retail and unemployment figures, investors gave a cautious thumbs up to the latest changeover at the summit of Italian politics.