European Central Bank correspondent, Frankfurt
Marc's Feed
Sep 30, 2014

Global stocks head for worst quarter since euro crisis, dollar reigns

LONDON (Reuters) – World markets were in hesitant mood on Tuesday as investors wondered what China’s response would be to civil unrest in Hong Kong, while the U.S. dollar eased off the throttle after its biggest quarterly gain in six years.

Like most corners of the world, Europe saw limited appetite for risk early on before euro zone inflation data and after what has been the toughest quarter for global stocks since the peak of the euro crisis.

Sep 30, 2014

Stocks head for worst quarter since euro crisis, dollar reigns

LONDON (Reuters) – World markets were in hesitant mood on Tuesday as investors wondered what China’s response would be to civil unrest in Hong Kong, while the U.S. dollar eased off the throttle after its biggest quarterly gain in six years.

Like most corners of the world, Europe saw limited appetite for risk early on before euro zone inflation data ECONG7 and after what has been the toughest quarter for global stocks since the peak of the euro crisis.

Sep 29, 2014

DBRS puts new China sovereign rating level with Japan

LONDON, Sept 29 (Reuters) – DBRS, the world’s fourth-biggest
credit rating agency, initiated its sovereign coverage of China
at A-high on Monday, a notch below larger peers S&P and Moody’s’
China ratings, and level on its own list with Japan.

It placed a ‘stable trend’ on the rating, saying Beijing had
sufficient space to manage near-term domestic and external
economic shocks although any dramatic deterioration in the
economy and financial sector would put it under pressure.

Sep 25, 2014

Dollar marches to four-year high

LONDON (Reuters) – The dollar hit a four-year high and oil hovered near a two-year low on Thursday, as investors wagered the United States will be one of the few economies healthy enough to wean itself off central bank aid in the near future.

Share markets in Europe saw small gains as Britain and France debated joining U.S.-led military action against Islamist militants and as the euro sank to a 22-month low on bets the ECB is heading for a mass money-printing drive.

Sep 25, 2014

Dollar marches to four-year high; euro, oil wilt

LONDON (Reuters) – The dollar hit a four-year high and oil hovered near a two-year low on Thursday, as investors wagered the United States will be one of the few economies healthy enough to wean itself off of central bank aid in the near future.

Share markets in Europe .FTEU3 started with small gains as Britain and France debated joining U.S.-led military action against Islamist militants and as the euro sank to a 22-month low on bets the ECB will need a major stimulus effort.

Sep 23, 2014

Euro data hits stocks, China reading soothes commodities

LONDON (Reuters) – More downbeat data from Europe left shares on course for a third day of losses on Tuesday, though commodities got a break from recent selling after a reading on China’s massive factory sector outpaced the market’s bleak expectations.

In data likely to dishearten European policymakers, euro zone business activity expanded at a slightly weaker pace than expected this month, with firms also cutting prices for a 30th month in a row to drum up business.

Sep 19, 2014

Relief for Europe as Scotland stays put

LONDON (Reuters) – British markets rallied and the rest of Europe followed suit on Friday as Scotland’s decision to stay in the United Kingdom eased investors past the latest in a recent run of global political obstacles.

With almost all the votes in, the camp for Scotland to remain in the UK was ahead 55 percent to 45 percent, an outcome likely to bring relief to a number of countries in Europe, particularly Spain, which is facing similar secessionist pressures in Catalonia.

Sep 18, 2014

EBRD warns post-Cold War “peace dividend” at risk

LONDON, Sept 18 (Reuters) – The European Bank for
Reconstruction and Development warned on Thursday that the
crisis over Ukraine could erode some of the economic “peace
dividend” eastern Europe gained when the Cold War ended.

It said conflicts in the region, which are disrupting trade
and diverting government spending, made its economic forecasts
“subject to an exceptional degree of uncertainty and downside
risks to the economic outlook are high.”

Sep 18, 2014

Dollar hits six-year peak versus yen, ECB aims cash hose

LONDON (Reuters) – The dollar vaulted to a six-year peak against the yen on Friday as the Federal Reserve’s outlook for rising interest rates underlined the diverging path between the United States and the rest of the rich world.

It came as the European Central Bank prepared to turn its liquidity taps back on in full after a 2-1/2 year break, and as voters in Scotland started hitting the polls to decide whether to separate from the rest of the United Kingdom.

Sep 17, 2014

EBRD warns of erosion of post-Cold War “peace dividend”

LONDON, Sept 18 (Reuters) – The European Bank for
Reconstruction and Development warned on Thursday that the
crisis with Russia and Ukraine could erode some of the “peace
dividend” eastern Europe gained when the Cold War ended.

It came as the organisation shaved another slice off its
regional growth forecasts for the year, predicted Russia would
dip into recession in 2015 and urged the European Central Bank
to consider quantitative easing.