European Central Bank correspondent, Frankfurt
Marc's Feed
May 21, 2015

World shares subdued by mixed China, euro zone PMI data

LONDON (Reuters) – World shares hovered near record highs on Thursday after downbeat Chinese manufacturing data put pressure on Beijing for more stimulus and the Federal Reserve signalled an increase in U.S. interest rates is still some way off.

European markets opened largely subdued, however, as disappointing German purchasing manager data (PMI) offset an improvement in France. That left the region’s main bourses down as much as 0.6 percent and investors preferring bonds.

May 21, 2015

Shares subdued by mixed China, euro zone PMI data

LONDON (Reuters) – World shares hovered near record highs on Thursday after downbeat Chinese manufacturing data put pressure on Beijing for more stimulus and the Federal Reserve signaled an increase in U.S. interest rates is still some way off.

European markets opened largely subdued, however, as disappointing German purchasing manager data (PMI) offset an improvement in France. That left the region’s main bourses <0#.INDEXE> down as much as 0.6 percent and investors preferring bonds.

May 20, 2015

ECB under fire over market-sensitive closed-door speech

LONDON/FRANKFURT (Reuters) – The European Central Bank is under fire after one of its policymakers gave market sensitive information to an invitation-only conference attended by hedge fund managers, a day before his speech was publicly released.

Politicians and market participants criticised the ECB over the speech by board member Benoit Coeure, in which he said the central bank would accelerate bond buying under a programme aimed at averting deflation and helping to revive the euro zone economy.

May 19, 2015

European markets rally as ECB hints at faster buying pre-summer

LONDON (Reuters) – The euro tumbled on Tuesday and the region’s stocks and bonds jumped after the European Central Bank suggested it may speed up its 1 trillion euro bond-buying campaign slightly to account for lower market liquidity in high summer.

World stocks were already testing all-time highs after another jump in Chinese stocks and a record close on Wall Street, and European markets shot up after top policymaker Benoit Coeure talked of adjusting the ECB’s buying programme.

May 19, 2015

Euro, bond yields tumble as ECB hints at faster buying pre-summer

LONDON, May 19 (Reuters) – The euro tumbled on Tuesday and
the region’s stocks and bonds jumped after the European Central
Bank suggested it may speed up its 1 trillion euro bond-buying
campaign slightly to account for lower market liquidity in high
summer.

World stocks were already testing all-time highs after
another jump in Chinese stocks and a record close on Wall
Street, and European markets shot up after top policymaker
Benoit Coeure talked of adjusting the ECB’s buying programme.

May 15, 2015

EBRD head throws hat into ring for second term

TBILISI, May 15 (Reuters) – The head of the European Bank
for Reconstruction and Development (EBRD), Suma Chakrabarti,
fired the starting gun on Friday for what is likely to be a
year-long race to become the bank’s next chief, signalling he
would like a second term.

Chakrabarti’s current term runs until the middle of next
year and the bank’s shareholders, which are dominated by G7
governments, are likely to vote on the position at the bank’s
next annual meeting in a year’s time.

May 14, 2015

EBRD forecasts deeper economic slump in Ukraine this year

TBILISI, May 14 (Reuters) – New forecasts from the European
Bank for Reconstruction and Development painted a marginally
brighter picture for its 35-country region on Thursday, but
predicted Ukraine’s economy would now slump by a
more-than-expected 7.5 percent this year.

The EBRD, created in 1991 originally to invest in the former
Soviet bloc countries of eastern Europe, is holding its annual
meeting in the Georgian capital Tbilisi against the backdrop of
the worst East-West standoff since the Cold War.

May 13, 2015

EBRD facing Ukraine and Greece dilemmas at annual meeting

TBILISI, May 13 (Reuters) – The European Bank for
Reconstruction and Development will begin its annual meeting on
Thursday, as its support for Ukraine and plans to start lending
in Greece pushes its boundaries for risk-taking back ever
further.

The EBRD, created in 1991 originally to invest in the former
Soviet bloc countries of eastern Europe, holds the two-day
meeting in Tbilisi, capital of Georgia, which itself is
struggling after its government came close to collapse.

May 11, 2015

Greece weighs on Europe, China cut keeps shares steady

LONDON (Reuters) – China’s interest rate cut kept shares worldwide near record highs on Monday, though euro zone bourses, bonds and the euro were pegged back by a lack of progress in resolving Greeceā€™s financing woes.

China’s third rate cut in six months on Sunday saw Asian markets get the week off to a solid start, but Europe was cautious as euro zone finance ministers prepared to meet in Brussels to try to find a way to keep Greece afloat.

May 8, 2015

ECB officials say bond-buying helping to revive inflation

LONDON/VIENNA (Reuters) – The European Central Bank’s bond-buying program is helping to revive inflation in the euro zone without drying up liquidity in the debt market, top ECB officials said on Friday.

The euro zone ended a four-month run of deflation in April as consumer prices held steady compared with a year earlier.