European Central Bank correspondent, Frankfurt
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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.

Jan 16, 2015

Euro bonds rally, world shares sink in Swiss after-shock

LONDON (Reuters) – The shockwaves of Switzerland’s move to ditch its currency cap were still being felt on Friday, as investors made a fresh grab for top-rated government bonds, and world shares and commodities headed for another week of losses.

The Swiss franc dipped after Thursday’s surge, but Swiss shares were again Europe’s worst performers as stocks worldwide limped to their third week in the red.

Jan 16, 2015

Euro bonds rally, shares sink in Swiss after-shock

LONDON (Reuters) – The shockwaves of Switzerland’s move to ditch its currency cap were still being felt on Friday, as investors made a fresh grab for top-rated government bonds, and world shares and commodities headed for another week of losses.

The Swiss franc dipped after Thursday’s surge, but Swiss shares were again Europe’s worst performers as stocks worldwide limped to their third week in the red.

Jan 15, 2015

World stocks tumble as Swiss let franc soar

LONDON (Reuters) – Global markets were thrown into turmoil on Thursday as a shock move by Switzerland to abandon its three-year cap on the franc sent the currency soaring and Europe’s shares and bond yields tumbling.

The franc jumped by almost 30 percent in a chaotic few minutes that saw it break past parity against the euro to trade as high as 0.8052 francs per euro as it cast off the 1.20 per euro cap it has had in place since late 2011

Jan 15, 2015

Stock, bond markets tumble as Swiss let franc soar

LONDON (Reuters) – Global markets were thrown into turmoil on Thursday as a shock move by Switzerland to abandon its three-year cap on the franc sent the currency soaring and Europe’s shares and bond yields tumbling.

The franc jumped by almost 30 percent in a chaotic few minutes that saw it break past parity against the euro to trade as high as 0.8052 francs per euro as it cast off the 1.20 per euro cap it has had in place since late 2011

Jan 9, 2015

European shares, dollar dip ahead of payrolls

LONDON (Reuters) – More weak data from Europe ensured shares worldwide were set to end their first full week of 2015 in the red on Friday, while both the dollar and oil prices dipped as investors waited for monthly U.S. jobs data.

Friday’s jobs report is expected to show that non-farm payrolls increased by 240,000 in December. That would mark the 11th consecutive month of job gains above 200,000, the longest stretch since 1994.

Jan 8, 2015

Fed lifts stocks, dollar; euro tests 1999 starting point

LONDON (Reuters) – The dollar hit a nine-year high and stocks worldwide headed for their first back-to-back rise of the year on Thursday, bolstered by Federal Reserve confidence in the U.S. economy and hopes of aggressive new stimulus in Europe.

Wall Street was expected to start the day on the front foot, with future’s markets pointing to gains of 0.9-1.0 percent for the S&P 500 ESc1 and Dow Jones Industrial 1YMc1 after stocks snapped a five-day fall the previous session.

Jan 8, 2015

Global stocks and dollar rise after Fed, euro near nine-year low

LONDON (Reuters) – The dollar hit a new nine-year high and stocks worldwide headed for their first back-to-back rise of the year on Thursday, as a confident sounding Federal Reserve added to hopes of aggressive new stimulus this month from the European Central Bank.

A steadying in the price of oil also tempered investor risk aversion and helped nudge benchmark U.S. and European government bond yields off recent lows, while more soft German data kept the euro near its nine-year low.

Jan 8, 2015

Stocks and dollar rise after Fed, euro near nine-year low

LONDON (Reuters) – The dollar hit a new 9-year high and stocks worldwide headed for their first back-to-back rise of the year on Thursday, as a confident sounding Federal Reserve added to hopes of aggressive new stimulus this month from the European Central Bank.

A steadying in the price of oil also tempered investor risk aversion and helped nudge benchmark U.S. and European government bond yields off recent lows, while more soft German data kept the euro near its nine-year low.

Jan 7, 2015

Ruble’s woes spread to other ex-Soviet currencies

LONDON (Reuters) – Falling energy prices and the plunge in the Russian rouble are hitting currencies across the former Soviet states, with Belarus and Turkmenistan having already devalued this week and markets betting that Kazakhstan will follow soon.

Countries of the former Soviet Union have had their own currencies for two decades but many still depend on Russia, both for trade and for money sent home from workers living there.