European Central Bank correspondent, Frankfurt
Marc's Feed
Nov 27, 2014

Oil hits four-year low amid fading expectations of OPEC cuts

LONDON (Reuters) – Fading hopes of a meaningful cut in production at Thursday’s OPEC meeting sent oil prices tumbling to a four-year low as Thanksgiving in the United States saw world stocks touch the brakes on┬átheir recent rally.

Gulf oil producers led by Saudi Arabia are expected to press the case at OPEC’s meeting in Vienna for holding off from output cuts, despite calls from some members for it to prop up prices that have crashed by a over a third since June.

Nov 26, 2014

ECB may decide on sovereign bond buys in first-quarter, says Constancio

LONDON (Reuters) – The European Central Bank might decide as early as the first quarter of next year whether to begin buying sovereign bonds, the bank’s vice president said on Wednesday.

Vitor Constancio said the ECB could better gauge then whether sovereign bond purchases – so-called quantitative easing – are needed to provide enough stimulus to support the euro zone economy and stave off deflation.

Nov 26, 2014

ECB may decide on sovereign bond buys in Q1, says Constancio

LONDON, Nov 26 (Reuters) – The European Central Bank might
decide as early as the first quarter of next year whether to
begin buying sovereign bonds, the bank’s vice president said on
Wednesday.

Vitor Constancio said the ECB could better gauge then
whether sovereign bond purchases – so-called quantitative easing
- are needed to provide enough stimulus to support the euro zone
economy and stave off deflation.

Nov 25, 2014

European shares at two-month high, oil flat ahead of OPEC

LONDON (Reuters) – Bets on more central bank support kept European shares at a two-month high and the region’s bond yields at record lows on Tuesday, as oil prices hovered at just under $80 a barrel ahead of an OPEC meeting this week.

Markets were still trying to catch their breath after a hectic few days of sharp share rises, currency swings and new lows for euro zone bond yields following strong easing signals from ECB head Mario Draghi and a surprise Chinese rate cut.

Nov 21, 2014

World stocks soar as China cut rates, Draghi drives for QE

LONDON (Reuters) – World shares surged on Friday as China surprised markets with its first interest rate cut in more than two years and the European Central Bank’s Mario Draghi threw the door wide open to full scale money printing.

European shares, oil and other growth sensitive commodities all leapt as China’s move to cut rates to 5.6 percent gave markets a welcome lift after a week where data has shown its giant economy heading for its worst year in almost quarter of a century.

Nov 21, 2014

Global shares lifted by U.S. data and Draghi stimulus hints

LONDON (Reuters) – World shares headed for a second week of gains on Friday after more reassuring U.S. data, while the yen pulled out of its dive as Japan’s finance minister warned its recent weakening had been “too rapid”.

Euro zone stocks were set for their first weekly gain this month after an early rise, with traders spurred on by signals from Mario Draghi that the European Central Bank is becoming increasingly agitated by the bloc’s feeble growth and inflation.

Nov 21, 2014

Shares lifted by U.S. data and Draghi stimulus hints

LONDON, Nov 21 (Reuters) – World shares headed for a second
week of gains on Friday after more reassuring U.S. data, while
the yen pulled out of its dive as Japan’s finance minister
warned its recent weakening had been “too rapid”.

Euro zone stocks were set for their first weekly gain this
month after an early rise, with traders spurred on by signals
from Mario Draghi that the European Central Bank is becoming
increasingly agitated by the bloc’s feeble growth and inflation.

Nov 20, 2014

Global shares punctured by two-pronged China, Europe slowdown

LONDON (Reuters) – World stocks extended losses on Thursday as evidence suggested both the Chinese and European economies were slowing, while the yen slid to multi-year lows against the dollar and euro.

The China flash HSBC/Markit manufacturing purchasing managers’ index showed factory output contracted in the world’s second-biggest economy for the first time in six months.

Nov 20, 2014

Shares punctured by two-pronged China, Europe slowdown

LONDON (Reuters) – World stocks extended losses on Thursday as evidence suggested both the Chinese and European economies were slowing, while the yen slid to multi-year lows against the dollar and euro.

The China flash HSBC/Markit manufacturing purchasing managers’ index showed factory output contracted in the world’s second-biggest economy for the first time in six months..

Nov 19, 2014

S&P sounds warning on Chinese property sector, Russian banks

LONDON (Reuters) – Credit rating agency Standard and Poor’s said on Wednesday that China’s over-priced and over-supplied property market and capital-starved Russian banks were likely to face further downgrades in the coming years.

In two new emerging market-focused reports, S&P said Chinese property ratings were likely to be hit more than other large markets in Asia, while like in Russia banks in Turkey, South Africa and Brazil also faced difficulties.