European Central Bank correspondent, Frankfurt
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May 12, 2014

World stocks cautious on Ukraine anxiety; China, India lead gains

LONDON (Reuters) – Shares advanced cautiously on Monday as investors braced for a possible escalation in Ukraine’s civil conflict after anti-Kiev rebels declared victory in a referendum on self-rule.

Hopes of capital market reform boosted Chinese shares while Indian shares surged to a record high on expectations that a more business-friendly coalition will win a general election there. Exit polls are due later in the day with results of the five-week-long poll expected on Friday.

May 12, 2014

Global shares cautious on Ukraine anxiety; China, India lead gains

LONDON (Reuters) – Shares advanced cautiously on Monday as investors braced for a possible escalation in Ukraine’s civil conflict after anti-Kiev rebels declared victory in a referendum on self-rule.

Hopes of capital market reform boosted Chinese shares while Indian shares surged to a record high on expectations that a more business-friendly coalition will win a general election there. Exit polls are due later in the day with results of the five-week-long poll expected on Friday.

May 12, 2014

Shares cautious on Ukraine anxiety; China, India lead gains

LONDON (Reuters) – Shares advanced cautiously on Monday as investors braced for a possible escalation in Ukraine’s civil conflict after anti-Kiev rebels declared victory in a referendum on self-rule.

Hopes of capital market reform boosted Chinese shares while Indian shares surged to a record high on expectations that a more business-friendly coalition will win a general election there. Exit polls are due later in the day with results of the five-week-long poll expected on Friday.

May 8, 2014

Euro, sterling buoyant before central bank meetings

LONDON (Reuters) – Expectations the European Central Bank will keep its policy powder dry for another month at least kept the euro near a two-month high on Thursday, as soothing talk from the head of the Federal Reserve lifted shares and bonds.

The ECB meets in Brussels later and though euro zone inflation remains well below its comfort zone, signs the economy is picking up and still-falling government borrowing costs mean the bank is likely to hold off cutting interest rates again.

Apr 29, 2014

EBRD head: New regional growth forecasts will not be good news

LONDON, April 29 (Reuters) – New growth forecasts for
emerging Europe and North Africa due next week from development
bank the EBRD will “not be good news”, the bank’s president said
on Tuesday, warning that Ukraine is facing a severe recession.

The EBRD (European Bank for Reconstruction and Development)
is putting the finishing touches on the new projections but like
the International Monetary Fund, which on Tuesday warned of the
“unusual constellation” of risks in the region, it is set to
paint a gloomier picture.

Apr 29, 2014

IMF likely to cut Russia outlook, eyes risks to central, eastern, south-eastern Europe

LONDON (Reuters) – The International Monetary Fund said on Tuesday that central, eastern and south-eastern Europe faced “an unusual constellation of risks” as the fund prepared to cut its forecasts for Russian growth for the second time in less than a month.

In a new report, the IMF said the region was expected to benefit as the euro zone recovers from its debt crisis, but the tension over Ukraine and market concern as the U.S. reduces monetary stimulus were creating high uncertainty.

Apr 25, 2014

Global shares, dollar struggle on Ukraine anxiety

LONDON (Reuters) – Heightened tension in Ukraine pushed world shares lower and lifted safe-haven European bonds on Friday, taking the shine off what looked set to be an earnings and M&A-driven week of gains for European and U.S. stocks.

Trouble in Ukraine escalated after Ukrainian forces killed up to five pro-Russia separatists on Thursday and Russia conducted military drills near the border, raising fears it was gearing up to invade.

Apr 25, 2014

Shares, dollar struggle on Ukraine anxiety

LONDON (Reuters) – Heightened tension in Ukraine pushed world shares lower and lifted safe-haven European bonds on Friday, taking the shine off what looked set to be an earnings and M&A-driven week of gains for European and U.S. stocks.

Trouble in Ukraine escalated after Ukrainian forces killed up to five pro-Russia separatists on Thursday and Russia conducted military drills near the border, raising fears it was gearing up to invade.

Apr 24, 2014

Apple, Facebook results buoy world shares

LONDON (Reuters) – Global stocks rose on Thursday lifted by upbeat earnings from tech heavyweights Apple and Facebook which helped shake off some of the concerns about overheating that have dented the sector in recent weeks.

Wall Street and particularly the Nasdaq were expected to start brightly when trading restarts on what will be another full day of company earnings made even busier by a liberal helping of unemployment and durable goods data.

Apr 24, 2014

Juicy Apple buoys global shares

LONDON (Reuters) – Global stocks were back on the front foot on Thursday, as upbeat earnings from tech heavyweights Apple and Facebook helped shake off some of the jitters that have hit the sector in recent weeks.

European bourses started brightly, with the FTSE 100 up 0.5 percent and the DAX, the CAC 40 and markets in Madrid and Milan between 0.7 and 0.9 percent firmer.