European Central Bank correspondent, Frankfurt
Marc's Feed
Jan 23, 2014

European stocks flat, Wall Street seen opening in red

LONDON (Reuters) – Strong data from euro zone powerhouse Germany helped to lift investors’ spirits and the euro on Thursday, after soft Chinese manufacturing figures sent a chill through growth-sensitive markets in Asia.

Purchasing manager indices rose across the euro zone, led by the region’s biggest economy. The gains fuelled hopes the bloc is finally emerging from its debt crisis — contraction even slowed in France, the euro zone laggard.

Jan 23, 2014

Euro jumps as PMI rise helps offset weaker China

LONDON, Jan 23 (Reuters) – Strong data from euro zone
powerhouse Germany helped to lift investors’ spirits and the
euro on Thursday, after soft Chinese manufacturing figures sent
a chill through growth-sensitive markets in Asia.

Purchasing manager indices rose across the euro zone, led by
the region’s biggest economy. The gains fuelled hopes the bloc
is finally emerging from its debt crisis — contraction even
slowed in France, the euro zone laggard.

Jan 23, 2014

Euro zone lifts mood after Chinese data disappoints

LONDON (Reuters) – Investors looked to euro zone data to lift their spirits on Thursday after surprisingly soft Chinese manufacturing figures hit commodity-linked currencies and other growth-sensitive assets in Asia.

Euro zone-wide purchasing manager data, led by another impressive performance by Germany, supported the recent hopes that the bloc is finally putting the worst of its debt crisis worries behind it.

Jan 22, 2014

Sterling shines on UK data, Wall Street focuses on earnings

LONDON, Jan 22 (Reuters) – Sterling reached a 12-month high
against the euro on Wednesday as falling unemployment in Britain
focused attention on when U.K. interest rates would rise.

Chinese shares jumped after its central bank moved to ease
lending-market tensions. That kept world stocks hovering near 5
1/2-year highs, though the mood soured in Europe as Portugal
suffered its worst day since July.

Jan 22, 2014

Sterling shines after UK data, China lending calm helps shares

LONDON (Reuters) – World stocks edged back towards 5-1/2 year highs on Wednesday as moves to cool lending-market tensions in China gave an extra boost to the brightening global economic outlook.

An upgrade of the International Monetary Fund’s world forecasts on Tuesday has lifted sentiment in equity markets and some encouraging company earnings meant European shares were quickly in their stride again as the rally in southern euro zone government bonds also resumed.

Jan 21, 2014

EBRD cuts Turkey outlook, but sees improving euro zone steadying region

LONDON (Reuters) – The European Bank for Reconstruction and Development cut its economic growth projections for Turkey on Tuesday but otherwise barely trimmed its overall view for its regional emerging markets.

The EBRD, which monitors central and eastern European and some of Europe’s neighbors in Asia and North Africa, trimmed 0.1 percentage points off its 2014 forecast for the overall bloc to leave it at a relatively unspectacular 2.7 percent.

Jan 20, 2014

New credit raters struggle to break stranglehold of ‘big three’

LONDON, Jan 20 (Reuters) – For all the outrage over the role
of the big three credit-rating firms in the financial crisis,
they show no sign of losing their grip on the highly profitable
industry.

That has not stopped new contenders joining the 50 or so
lesser-known rating firms that have long been trying to grab a
bigger slice of the business.

Jan 20, 2014

China cheer muted as Deutsche Bank sets European nerves jangling

LONDON (Reuters) – Big losses for Germany’s biggest bank meant European markets started the week on a sour note on Monday as slightly better than expected Chinese data failed to dispel a general air of caution.

Deutsche Bank (DBKGn.DE: Quote, Profile, Research, Stock Buzz) reported a surprise pre-tax loss of 1.15 billion euros for the fourth quarter of 2013 due to heavy costs for litigation, restructuring and balance sheet reduction.

Jan 17, 2014

Global shares hover at highs as periphery rally grinds on

LONDON (Reuters) – European shares were hovering at 5-1/2 year highs on Friday as a third weekly gain on the spin for Portuguese and Spanish bonds fed improving sentiment in the region’s Mediterranean rim.

Some disappointing results from some of Wall Street’s big names on Thursday had flattened the mood of investors overnight but hopes that U.S. data later will paint a brighter picture put a spring back in the step of the dollar.

Jan 17, 2014

Shares hover at highs as periphery rally grinds on

LONDON, Jan 17 (Reuters) – European shares were hovering at
5-1/2 year highs on Friday as a third weekly gain on the spin
for Portuguese and Spanish bonds fed improving sentiment in the
region’s Mediterranean rim.

Some disappointing results from some of Wall Street’s big
names on Thursday had flattened the mood of investors overnight
but hopes that U.S. data later will paint a brighter picture put
a spring back in the step of the dollar.