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Europe: Economy

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  • Draghi: ECB can't do it all, governments must act Friday, 22 Aug 2014 | 2:30 PM ET

    FRANKFURT, Germany— European Central Bank head Mario Draghi said Friday the bank is ready to do more to boost the shaky recovery in the 18 countries that use the euro— but warns governments must join in efforts to reduce stubbornly high unemployment.

  • Expectations of ECB help drive down eurozone rates Friday, 22 Aug 2014 | 1:37 PM ET

    Investors appear to be putting their money on the likelihood of more stimulus measures from the European Central Bank to keep the eurozone's shaky recovery from stalling. They will be closely watching ECB President Mario Draghi's speech for more clues later Friday at a global banking conference in Jackson Hole, Wyoming.

  • *Fed's Yellen seen as more balanced in her Jackson Hole speech. *ECB's Draghi also due to speak at Jackson Hole gathering. NEW YORK, Aug 22- The dollar gained on Friday after Federal Reserve Chair Janet Yellen came out more balanced than expected on her views about the U.S. economy in a speech to central bankers.

  • Yellen: Job market makes Fed hesitant on rate hike Friday, 22 Aug 2014 | 10:01 AM ET

    JACKSON HOLE, Wyoming— If anyone thought Janet Yellen might clarify her view of the U.S. job market in her speech here Friday, the Federal Reserve chair had a message:. The picture is still hazy. "Uncertainty is the key word," said Ian Shepherdson, chief economist at Pantheon Economics.

  • Market too consensually bullish: Strategist     Friday, 22 Aug 2014 | 9:04 AM ET

    Brian Belski, BMO Capital Markets chief investment strategist, and Stuart Hoffman, PNC Financial Services chief economist, discuss Fed policy and if markets are too stretched.

  • BULLARD SAYS ANOTHER RECESSION IN EUROPE WOULD BE A SERIOUS ISSUE FOR U.S.

  • Stocks are mostly lower as Ukraine tensions flare Friday, 22 Aug 2014 | 1:43 AM ET

    NEW YORK— The stock market paused Friday, following four days of gains, after a speech by Federal Reserve Chair Janet Yellen left investors unsure about how the nation's most important financial voice feels about raising interest rates in the coming months.

  • NEW YORK, Aug 21- U.S. crude rose and Brent futures pared losses on Thursday, lifted by supportive economic data from the United States after a plentiful supply picture and Chinese economic data had earlier pressured prices.

  • *Business activity growth slows in China and Europe. LONDON/ BEIJING/ NEW YORK, Aug 21- Business growth in China and across Europe slowed this month, surveys showed on Thursday, but U.S. activity picked up speed, leaving a mixed picture of global economic growth.

  • *Platinum falls to 3- month lows. LONDON, Aug 21- Gold slid around 1 percent to its lowest in two months on Thursday, extending losses to a fifth session on a firm dollar and after slightly better than expected U.S. jobless claims fed expectations for an early interest rate hike.

  • Survey indicates eurozone growing slowly Thursday, 21 Aug 2014 | 5:53 AM ET

    Markit economist Rob Dotson said Thursday the eurozone "looks ready to bounce back" following the second quarter but that third-quarter growth would be only around 0.3-0.4 percent. The survey showed activity in France, the eurozone's No. 2 economy, stabilized after three months of declines.

  • *Business growth slows in China, Europe. LONDON/ BEIJING, Aug 21- Business growth in China and across Europe slowed this month, surveys showed on Thursday, providing more evidence that the world economy is stuttering and may need more monetary stimulus to keep it going.

  • Markit's flash composite Purchasing Managers' Index, which tracks growth in the manufacturing and service sectors that make up more than two-thirds of the economy, fell to 54.9 in August from 55.7.

  • Downside ahead for European equities     Wednesday, 20 Aug 2014 | 11:47 PM ET

    Willem Nabarro, Head of European Equities for Asia at Exane-BNP Paribas, outlines the factors that will likely contribute to a downturn in European stock markets moving ahead.

  • *Wall Street rebounds on Fed minutes, dollar rallies. NEW YORK, Aug 20- Global equity markets rose on Wednesday after minutes from the Federal Reserve indicated there is no rush to bring forward plans to raise interest rates in the future, reversing earlier declines that were driven by hints from the Bank of England of an early rate hike.

  • *G20 source says industry over-reacted to first plans. *Sector expects revised plans from G20 later in year. LONDON, Aug 20- Fund managers may face tougher scrutiny by global regulators than planned after their intense lobbying against a first proposal backfired, industry sources and G20 officials said.

  • KIEV, Aug 20- Ukraine's conflict with separatist rebels is draining the economy by the day and hampering efforts to implement reforms as required by an IMF bailout program, Prime Minister Arseny Yatseniuk said on Wednesday.

  • *Sterling rebounds from four-month low, UK government bonds fall. LONDON, Aug 20- Bank of England policymakers broke ranks over interest rates for the first time in three years this month, when two unexpectedly voted to tighten policy and revived speculation about a 2014 rate hike.

  • LONDON, Aug 20- World stocks fell on Wednesday as investors braced for the possibility that a major central bank could raise interest rates this year after Bank of England minutes showed two of the bank's nine rate-setters voted for a hike earlier this month.

  • LONDON, Aug 20- China's economy is slowing. Japan's sank in the second quarter. In a world preoccupied by geopolitical crises- from Ukraine, Iraq and Gaza to the Ebola outbreak in West Africa- the global economy has taken something of a back seat.

Contact Europe: Economy

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