European Central Bank correspondent, Frankfurt
Marc's Feed
Aug 8, 2014

Shares, dollar tumble as U.S. authorizes air strikes in Iraq

LONDON (Reuters) – World shares and the dollar tumbled on Friday and oil and gold jumped after U.S. President Barack Obama authorized targeted air strikes in Iraq, raising worries of another drawn-out conflict in the region.

It came as fighting also resumed in Gaza between Palestinian militants and Israel and with NATO’s calls for Russia to “step back from the brink” of war in Ukraine still ringing in ears of volatile markets.

Aug 8, 2014

World shares, dollar tumble as U.S. authorises air strikes in Iraq

LONDON (Reuters) – World shares and the dollar tumbled on Friday and oil and gold jumped after U.S. President Barack Obama authorised targeted air strikes in Iraq, raising worries of another drawn-out conflict in the region.

It came as fighting also resumed in Gaza between Palestinian militants and Israel and with NATO’s calls for Russia to “step back from the brink” of war in Ukraine still ringing in ears of volatile markets.

Aug 7, 2014

Russia puts the squeeze on Europe as focus turns to ECB

LONDON, Aug 7 (Reuters) – The first Russian riposte in a
sanctions tussle with the West over Ukraine kept European shares
and the euro under pressure on Thursday, as markets waited to
hear how the European Central Bank would respond to the crisis.

Stocks in the region were on edge as a week-long slide,
which has also seen nervy investors drive yields on safe-haven
German government debt to all-time lows, continued.

Aug 1, 2014

Russia has reserves to ride out sanctions – assuming no panic

LONDON/MOSCOW, Aug 1 (Reuters) – Mathematically Russia has
enough reserves to hold out for at least two years before
Western sanctions start to choke the economy, but it must avoid
reawakening the “sleeping dragon” of investor panic.

At first glance the stockpile – $472 billion of hard
currency reserves and nearly $1.5 trillion of assets overall -
is more than enough to keep banks, firms and the economy going
as the West tries to punish Moscow over the Ukrainian crisis.

Jul 30, 2014

Rating agencies hovering over trigger as Argentina default looms

LONDON (Reuters) – With just hours left for Argentina to strike a deal with bondholders who refused to sign up for its debt restructurings, rating agencies are poised to declare a default.

Argentina’s situation is unusual – it can pay its current bondholders, but a U.S. legal ruling prevents it from doing so unless it pays off its old lenders first.

Jul 29, 2014

Focus turns to U.S. outlook, Russian stocks stabilise

LONDON (Reuters) – World shares hovered just below all-time highs on Tuesday as investors drew encouragement from a rally in Chinese markets and beaten-down Russian stocks enjoyed some relief after three days of heavy selling.

Investors remained cautious, however, given geopolitical jitters and a torrent of U.S. economic news due to come this week, including a Federal Reserve meeting and GDP data on Wednesday and non-farm payrolls figures on Friday.

Jul 28, 2014

Europe subdued, Russia shares tumble on new sanctions

LONDON (Reuters) – The euro was stuck near its lowest level since November and Russian shares tumbled for a third straight day on Monday as new European sanctions for Moscow chilled the already frosty relationship between the two.

The 28-nation EU reached an outline agreement on Friday on its first economic sanctions on Russia, which said the moves would hamper cooperation between the two and undermine the fight against terrorism.

Jul 25, 2014

Euro hit, shares subdued after downbeat Ifo

LONDON (Reuters) – World shares dipped on Friday having clawed their way back towards all-time highs after a week of largely reassuring economic signals but rising political tensions.

European markets opened with the region’s main bourses down 0.1 to 0.6 percent as investors digested the bloc’s latest sanctions for Russia and a flurry of data from German business confidence to UK growth.

Jul 23, 2014

Bundesbank chief urges Britain not to quit European Union

LONDON, July 23 (Reuters) – The head of the Bundesbank
appealed to Britain on Wednesday to stay in the European Union,
saying membership of the bloc had given the country an economic
lift and posed little threat to London.

In a speech to business people and bankers in central
London, Jens Weidmann broke the central bank’s traditional
silence on political questions, saying the European Union would
benefit if Britain “continues to make its voice heard”.

Jul 22, 2014

European stocks rebounds as Ukraine rebels hand over black boxes

LONDON (Reuters) – European markets rode a global rebound in risk appetite on Tuesday helped by the first signs of cooperation from Ukraine’s pro-Russian separatists over the downed Malaysian Airlines plane.

After days of uncertainty, a train carrying the remains of some of the almost 300 victims was heading for Ukrainian government territory and flight recorders had been passed to Malaysian authorities by separatist leaders.