Draghi said it would be "helpful for the overall stance of policy" if fiscal policy could play a greater role alongside the ECB's monetary policy.» Read More
CHEYENNE, Wyo.— Wyoming is appealing Oregon's recent decision to deny an application to build a coal terminal at the Port of Morrow, on the Columbia River. "Coal is the fastest-growing fuel source in the world, and this decision by the state of Oregon prevents Wyoming coal producers from competing in that marketplace," Mead said.
Charles Plosser continued his push for the U.S. central bank to change its language on interest rate policy to reflect an improving economy.
Sept 6- Charles Plosser, president of the Philadelphia Federal Reserve Bank and the loan dissenter at the Fed's July policy meeting, on Saturday continued his push for the U.S. central bank to change its language on interest rate policy to reflect an improving economy and pave the way for a faster-than expected-interest rate hike.
*Most dealers see first rate hike in Q2 2015. *8 of 15 dealers see Fed ending bond investment in 2016. NEW YORK, Sept 5- A majority of Wall Street's top bond firms see the Federal Reserve starting to raise interest rates by the second quarter of next year, showing slightly more aggressive expectations compared with a month ago, a Reuters survey showed on Friday.
NEW YORK, Sept 4- The euro hit fresh 14- month lows against the U.S. dollar and nearly two-year lows against the Swiss franc on Thursday after the European Central Bank cut interest rates and said it would launch an asset purchase program to ward off deflation.
*Jackson Hole speech increases QE expectations. LONDON, Sept 4- Euro zone bond yields dipped on Thursday as the European Central Bank was expected to reinforce its message that it was ready to use all its tools, including bond-buying, to support the economy and lift inflation.
*Portugal bond sale first since bailing out BES. LONDON, Sept 3- Portugal successfully sold on Wednesday its first bond since it bailed out Banco Espirito Santo, with expectations of more monetary stimulus from the ECB spurring yield-hungry investors to snap up the 15- year paper.
NEW YORK, Sept 2- U.S. "There is a little bit more of a reality check of what that actually would look like, how you would implement it, and then down the road how you would exit from that," said George Rusnak, managing director of global fixed income for Wells Fargo Private Bank in Princeton, New Jersey, in reference to the potential ECB stimulus.
NEW YORK, Sept 2- U.S. Treasuries yields rose on Tuesday after traders took profits on uncertainty ahead of a highly anticipated European Central Bank meeting this week.
*Took Draghi to task about Jackson Hole comments- Spiegel. BERLIN, Aug 31- A German news magazine reported on Sunday that Chancellor Angela Merkel is unhappy with European Central Bank chief Mario Draghi for apparently proposing a greater emphasis on fiscal stimulus over austerity in order to boost growth in Europe.
BERLIN, Aug 31- A German news magazine reported on Sunday that Chancellor Angela Merkel is unhappy with European Central Bank chief Mario Draghi for apparently proposing a greater emphasis on fiscal stimulus over austerity in order to boost growth in Europe.
*Wall Street mixed, even after mostly strong economic reports. NEW YORK, Aug 29- Global equity markets wavered and German bond yields edged up from record lows on Friday after euro zone inflation was seen as still not dire enough to drive the European Central Bank to ease monetary policy next week, as many investors have anticipated.
FRANKFURT, Aug 29- Two years ago, euro zone government leaders hung on Mario Draghi's every word. Now the European Central Bank chief is struggling to get through to them. "The essential cohesion of the Union depends on it," Draghi said in July, repeating the plea on Aug. 7.
Aug 28- New tensions in Ukraine, which has accused Russia of further incursions, may serve to light a fire under efforts to bring looser monetary and fiscal policies to the euro zone. While Russia has denied the allegations, NATO on Thursday said that well over 1,000 Russian troops were now inside Ukraine in what would represent a large increase.
The delays have been perpetuated also by a surge in rail deliveries of crude oil and grain, leaving power producers such as FirstEnergy Corp scrambling for transport alternatives before winter sets in, potentially adding to costs.
*Ukraine president says Russian troops have crossed border. LONDON, Aug 28- German Bund yields hit a record low after Ukraine accused Russia of moving troops across the countries' border, while lower-rated euro zone bond yields rose after above-forecast inflation readings tempered expectations of imminent ECB easing.
*FTSEurofirst 300 flat, Euro STOXX 50 down 0.2 pct. *Seadrill falls after below-forecast earnings. Declines in individual shares included UK grocers Sainsbury and Tesco slipping 2.2 percent and 1.3 percent respectively after data from Kantar Worldpanel showed UK grocery market sales rose 0.8 percent in the 12 weeks to Aug. 17, a 10- year low.
*FTSEurofirst 300 up 0.05 pct, Euro STOXX 50 down 0.2 pct. *Seadrill falls after below-forecast earnings. *Marine Harvest results hit by Russian sanctions.
*FTSEurofirst 300 up 0.02 pct, Euro STOXX 50 down 0.1 pct. *Marine Harvest results hit by Russian sanctions. Marine Harvest, the world's largest salmon farmer, said it expected Russian sanctions to pose short-term challenges.
NEW YORK, Aug 26- The dollar extended gains on Tuesday on hopes U.S. policymakers will raise interest rates as the battered euro continued to struggle on expectations of soft inflation data and more monetary easing in Europe. "We are seeing the dollar consolidate," said Eric Viloria, currency strategist at Wells Fargo Securities in New York.