European Central Bank correspondent, Frankfurt
Marc's Feed
Mar 31, 2014

Optimistic IMF bets on third time lucky in Ukraine

LONDON (Reuters) – The International Monetary Fund should be ready to hand Ukraine the first $3 billion of a new aid package next month, the Fund’s top European official said on Monday, drawing a line under two failed programs with the country in recent years.

In an interview with Reuters Insider television, Director of the IMF’s European Department, Reza Moghadam, also called for the European Central Bank to step up its fight against low inflation and touched on the debate on debt relief for Greece.

Mar 28, 2014

Bleeding from emerging market equity funds comes to abrupt halt

LONDON, March 28 (Reuters) – The heavy outflow from emerging
market equity funds all but ceased in the last week data from
EPFR Global showed on Friday, a sudden halt that boosted hopes
the recent pounding of EM assets may be abating.

Dedicated emerging equity funds saw outflows of just $0.05
billion globally in the week to March 26, according to the
figures, which are released to clients late on Thursday.

Mar 26, 2014

Global shares hit two-week highs on upbeat U.S. data, Ukraine calm

LONDON (Reuters) – European and Asian shares climbed to two-week highs on Wednesday, with investor confidence getting a welcome boost from upbeat U.S. data, talk of fresh central bank stimulus and diminishing concern over Ukraine.

European stocks picked up where Asia left off. Early gains of 0.3 to 0.7 percent for London’s FTSE .FTSE Germany’s DAX and France’s CAC .FCHI lifted the region’s shares .FTEU3 to their highest March 12.

Mar 26, 2014

Shares hit 2-week highs on upbeat U.S. data, Ukraine calm

LONDON, March 26 (Reuters) – European and Asian shares
climbed to two-week highs on Wednesday, with investor confidence
getting a welcome boost from upbeat U.S. data, talk of fresh
central bank stimulus and diminishing concern over Ukraine.

European stocks picked up where Asia left off. Early gains
of 0.3 to 0.7 percent for London’s FTSE Germany’s DAX
and France’s CAC lifted the region’s shares
to their highest March 12.

Mar 25, 2014

China stimulus hopes, calmer Ukraine lift market mood

LONDON (Reuters) – Growing speculation that China may take steps to bolster growth, and efforts by the West to draw a provisional line under the Ukraine crisis, helped lift share and commodity markets out of their recent slump on Tuesday.

Wall Street clawed back the ground it had lost on Monday as trading resumed while European stocks were up almost 1.5 percent and on course for their biggest rise in almost a month.

Mar 25, 2014

European shares rebound; euro steady

LONDON (Reuters) – European shares rebounded on Tuesday as investors tried to take advantage of a drop in prices caused by geopolitical tensions and doubts about global growth.

Markets were encouraged by hopes of stimulus measures in China and by a growing consensus that a rift between the West and Russia was unlikely to get out of hand.

Mar 25, 2014

European shares rebound; euro, pound steady

LONDON (Reuters) – European shares rebounded on Tuesday as investors tried to take advantage of a drop in prices caused by geopolitical tensions and doubts about global growth.

Markets were encouraged by hopes of stimulus measures in China and by a growing consensus that a rift between the West and Russia was unlikely to get out of hand.

Mar 17, 2014

East-West standoff complicates any IMF deal for Ukraine

LONDON (Reuters) – Ukrainian bond prices are holding up better than expected in the stand-off with Russia because investors think the International Monetary Fund might not impose tough conditions in an expected aid program due to Kiev’s political importance to the West.

Rather like Pakistan in 2001, which was seen as key in the fight against al Qaeda, some in markets say the IMF, from which Ukraine is seeking financial support, could hand it the money it needs to avoid a default without many of the usual strings.

Mar 14, 2014

Ukraine worries intensify flight to safety

LONDON (Reuters) – Heightened tensions between the West and Russia ahead of Ukraine’s weekend referendum in Crimea pushed world stocks to their lowest in more than a month on Friday and left investors scurrying into safe-haven gold and bonds.

With the West ramping up talks of sanctions and Russia hitting back with promises of retaliatory measures and displays of military prowess, financial markets were left to watch nervously.

Mar 14, 2014

Ukraine anxiety triggers flight to safety, world stocks tumble

LONDON (Reuters) – Heightened tensions ahead of Ukraine’s weekend referendum in Crimea and stresses over China’s growth pushed world stocks to their lowest in a month on Friday and sent investors scurrying into safe-haven gold and bonds.

European shares started the day down 0.6 percent, putting most of the region on course for its biggest weekly drop since January while the DAX, whose German constituents have the most exposure to Russia, was facing its largest weekly losses since the height of the euro crisis in June 2012.