European Central Bank correspondent, Frankfurt
Marc's Feed
Jul 3, 2014

Strong U.S. jobs report pushes up dollar, Treasury yields

LONDON, July 3 (Reuters) – World shares dipped from a record
high and the dollar and U.S. bond yields climbed on Thursday as
strong jobs data added to bets that U.S. interest rates could
rise within the next six months.

U.S. employment growth jumped in June and the unemployment
rate declined to near a six-year low of 6.1 percent, effectively
dispelling fears about the economy’s health and underscoring its
momentum heading into the second half of 2014.

Jul 3, 2014

Shares near record highs before ECB, payrolls double-header

LONDON (Reuters) – World shares were hovering around record highs on Thursday as markets prepared for a European Central Bank and U.S. jobs data double-header.

Investors were subdued before the two events, both usually big market movers. Stocks, benchmark bonds and the euro and dollar all barely budged after an equally cautious day in Asia.

Jul 3, 2014

Shares near all-time highs before ECB, payrolls double-header

LONDON, July 3 (Reuters) – World shares edged up on
Thursday, hovering just below all-time highs as markets prepared
for a double-header of a European Central Bank policy update and
U.S. jobs data after a busy week.

Investors were subdued before the two events, both due at
1230 GMT, with stocks, benchmark bonds and the euro and dollar
barely budging after an equally cautious day in Asia.

Jul 1, 2014

Banks boost Europe as shares start second half brightly

LONDON (Reuters) – European and Asian stocks started the second half of 2014 brightly on Tuesday, helped by upbeat Chinese data and bets that record low interest rates will remain in place for some time yet.

EU data – on Tuesday the euro zone Purchasing Managers’ Index and unemployment figures – continued to point to a fragile recovery but there was relief among the region’s banks as France’s largest, BNP Paribas, settled a U.S. sanctions probe.

Jul 1, 2014

European stocks get second half off to steady start

LONDON (Reuters) – European and Asian stocks helped markets get the second half of the year off to steady start on Tuesday, helped by upbeat Chinese data and bets that record-low interest rates will remain in place for some time yet.

Investors were digesting updated euro zone Purchasing Managers’ Index and unemployment figures after Chinese factory PMIs earlier had helped reinforce signs of stabilisation in its giant economy.

Jun 27, 2014

European shares head for first weekly drop since April

LONDON (Reuters) – Concerns about Iraq and Ukraine and subdued economic data left European shares facing their first week of losses since early April on Friday and nudged gold towards a two-month high.

Other safe-haven assets including the yen, Swiss franc and German government bonds were also in demand as investors took a step back from riskier bets.

Jun 17, 2014

Attention shifts back to Fed from Iraq, Ukraine

LONDON, June 17 (Reuters) – Emerging market assets were
calmer on Tuesday, as attention shifted from Iraq and Ukraine
back towards the U.S. Federal Reserve’s next move.

MSCI’s main emerging market share index was
looking for its first rise in five days, and most Asian and
central and eastern European currencies were steadier after days
of geopolitical unease over Iraq.

Jun 16, 2014

World shares struggle, oil firms on Iraq anxiety

LONDON (Reuters) – Investors tensions over fighting in Iraq and Ukraine saw a global shift into traditional safe-haven currencies, precious metals and bonds on Monday, and oil hovered near a nine-month high.

The mood also spread to share markets. The Nikkei in Tokyo saw its biggest fall in a month and European bourses started 0.2 percent in the red having just about held on for a ninth week of back-to-back gains on Friday. [.EU]

Jun 16, 2014

Shares struggle, oil firms on Iraq anxiety

LONDON, June 16 (Reuters) – Investors tensions over fighting
in Iraq and Ukraine saw a global shift into traditional
safe-haven currencies, precious metals and bonds on Monday, and
oil hovered near a nine-month high.

The mood also spread to share markets. The Nikkei in
Tokyo saw its biggest fall in a month and European bourses
started 0.2 percent in the red having just about held
on for a ninth week of back-to-back gains on Friday.

Jun 13, 2014

Iraq unrest drives up oil; equities slip

NEW YORK/LONDON (Reuters) – Escalating violence in Iraq drove oil higher and sent stocks lower on Friday, putting a global equity index on track for its first weekly loss in five weeks.

Wall Street was little changed, but U.S. averages were set for their first loss in four weeks, while European shares were set to interrupt eight weeks of gains. The MSCI All World Index fell 0.2 percent and is down 0.5 percent for the week.