European Central Bank correspondent, Frankfurt
Marc's Feed
Jan 31, 2015

Greek emergency funding would be a decision for ECB council: Constancio

CAMBRIDGE, England (Reuters) – ECB Vice-President Vitor Constancio said on Saturday that a decision on whether to give Greece emergency funding would be up to the central bank’s Governing Council.

He was commenting on options available for Greek banks if the country’s new anti-bailout government quits its EU/IMF program.

Jan 30, 2015

ECB will take time to bed in as bank watchdog – Bundesbank’s Dombret

LONDON, Jan 30 (Reuters) – The euro zone’s three-month old
banking super-regulator won’t get everything right straight away
as it directly supervises big, complex lenders for the first
time, a senior official at Germany’s Bundesbank said on Friday.

The European Central Bank (ECB) became direct supervisor for
120 banks such as Deutsche Bank and Societe Generale
from Nov. 4 in the biggest leap in European financial
integration since the single currency was launched.

Jan 28, 2015

Shares, dollar retreat before Fed’s statement

LONDON (Reuters) – Stocks and the dollar retrenched on Wednesday amid speculation the Federal Reserve will take a dovish turn in its post-meeting statement later in the day.

European shares .FTEU3 gave back early gains, after stumbling for the first time in nine sessions on Tuesday, and after record profits for Apple (AAPL.O: Quote, Profile, Research) and a surprise rate cut in Singapore had bolstered Asian markets.

Jan 28, 2015

Global shares, dollar retreat before Fed’s statement

LONDON (Reuters) – Stocks and the dollar retrenched on Wednesday amid speculation the Federal Reserve will take a dovish turn in its post-meeting statement later in the day.

European shares gave back early gains, after stumbling for the first time in nine sessions on Tuesday, and after record profits for Apple and a surprise rate cut in Singapore had bolstered Asian markets.

Jan 23, 2015

World shares lifted by QE; oil up after Saudi king dies

LONDON (Reuters) – Stocks and bonds surged worldwide and the euro sank to an 11- year-low on Friday, the day after the European Central Bank announced a quantitative easing plan. Oil rose following the death of the king of Saudi Arabia.

European shares were on course for their strongest week since late 2011 and emerging markets headed for their best in almost 10 months. Italian, Spanish bond yields dropped to record lows.

Jan 23, 2015

Shares, bonds lifted by QE; oil up after Saudi king dies

LONDON (Reuters) – Stocks and bonds surged worldwide and the euro sank to an 11- year-low on Friday, the day after the European Central Bank announced a quantitative easing plan. Oil rose following the death of the king of Saudi Arabia.

European shares were on course for their strongest week since late 2011 and emerging markets headed for their best in almost 10 months. Italian, Spanish bond yields dropped to record lows. [GVD/EUR]

Jan 22, 2015

Shares rise, euro slides as markets cheer ECB QE plan

LONDON, Jan 22 (Reuters) – European shares climbed to a
seven-year high and the euro fell to an 11-year low on Thursday,
as world markets cheered the European Central Bank’s plans for a
stimulus programme worth more than 1 trillion euros.

The ECB’s quantitative easing programme — printing money to
buy euro zone government bonds — along with its existing
schemes will pump 60 billion euros a month into the euro zone
economy. It is set to run from March until September next year.

Jan 22, 2015

Suspense builds as ECB prepares to unveil QE

LONDON (Reuters) – European shares were at a seven-year high and the euro sat near an 11-year low on Thursday as the European Central Bank prepared to take the plunge into full-scale quantitative easing.

Market expectations are sky-high for the ECB to unveil a large-scale QE program — printing money to buy euro zone government bonds — despite opposition from Germany’s Bundesbank. Berlin is also worried that such purchases could allow spendthrift countries to slacken the pace of reforms.

Jan 21, 2015

Excluding Greek bonds from ECB QE would be bad for Greek rating: agencies

LONDON (Reuters) – Excluding Greek bonds from any European Central Bank quantitative easing program would be bad news for the country’s recently upgraded credit rating, the main ratings agencies said.

The ECB is widely expected to announce a large-scale government bond buying program on Thursday. Its Executive Board has proposed buying 50 billion euros ($58 billion) per month from March, a euro zone source said.

Jan 20, 2015

Lithuania urges united front on Russia, talks tough on Greece

LONDON (Reuters) – The euro zone’s newest member Lithuania fanned the debate surrounding Greece on Tuesday, saying countries needed to stick to their promises, and called for Europe to show a united front against Russia.

Finance minister Rimantas Sadzius told Reuters that he expected a further fall in the euro as the European Central Bank delivers what he expects will be “efficient, but sufficiently cautious” action this week.