European Central Bank correspondent, Frankfurt
Marc's Feed
Mar 12, 2015

Euro pulls out of dive, world stocks edge higher

LONDON (Reuters) – The euro pulled out of its recent dive and the dollar eased off the accelerator pedal on Thursday, as markets took a breather after a week of breakneck moves in the world’s two biggest currencies.

The pause by the dollar gave some respite to emerging markets as well as oil and commodities heavily correlated to the U.S. currency’s strength, and helped MSCI’s main world stocks index secure its first rise in five days.

Mar 12, 2015

Euro pulls out of dive, stocks edge higher

LONDON (Reuters) – The euro pulled out of its recent dive and the dollar eased off the accelerator pedal on Thursday, as markets took a breather after a week of breakneck moves in the world’s two biggest currencies.

The pause by the dollar gave some respite to emerging markets as well as oil and commodities heavily correlated to the U.S. currency’s strength, and helped MSCI’s main world stocks index .MIWD00000PUS secure its first rise in five days.

Mar 10, 2015

Dollar at 12-year peak versus euro, emerging markets spooked

London (Reuters) – The U.S. dollar hit multi-year highs against the euro and yen on Tuesday on the growing chance of the Federal Reserve hiking interest rates by mid-year, the prospect of which also hurt stocks and currencies from emerging markets.

The skittish mood spread from Asia to Europe where stocks 0#.INDEXE were down for a second day despite the European Central Bank’s new bond buying campaign continuing to push down the euro and the bloc’s already record-low borrowing costs. GVD/EUR

Mar 6, 2015

Dollar climbs to 11-year high after U.S. jobs data

LONDON, March 6 (Reuters) – The dollar rose to an 11-year
high against the world’s major currencies and U.S. bond yields
jumped on Friday, as U.S. jobs figures reinforced expectations
the Federal Reserve will push ahead with its first rate hike in
almost a decade.

Payroll data showed U.S. companies added 295,000 jobs in
February, well above forecasts for an increase of 240,000. It
was the longest run of 200,000-plus increases since 1994. The
unemployment rate dropped to a lower-than-expected 5.5 percent
from 5.7 percent in January.

Mar 6, 2015

Dollar revs up for jobs data, euro bonds rally on ECB

LONDON (Reuters) – The dollar hit a new 11-year high against major currencies on Friday as investors bet the monthly U.S. jobs report would add to the chance of rate hikes, even as the European Central Bank embarks on a 1 trillion euro campaign of bond-buying.

The euro broke below $1.0980 EUR=D4 for the first time since September 2003 as it continued its steady march lower. [FRX/]

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.