France has a special responsibility as a euro zone heavyweight to take deficit cuts seriously, even though its budget deficit is above target, Bundesbank chief Jens Weidmann said in an interview published Sunday.» Read More
*Equities rise after encouraging U.S. labor market report. NEW YORK, March 7- Global equity markets rose on Thursday after an encouraging U.S. weekly labor market report suggested a steadily improving economy, while the euro strengthened after the European Central Bank left its benchmark interest rate unchanged.
In contrast, the British pound fell to a 2-1/ 2- year low as market players positioned for more stimulus from the Bank of England as the UK economy faces the threat of triple-dip recession. The yen and the euro were undermined by expectations the Bank of Japan and the European Central Bank could ease in the future, if not on Thursday.
*ECB seen holding rates, but may signal rate cuts. NEW YORK, March 6- The euro slid against the dollar on Wednesday, the day before a European Central Bank monetary policy meeting, pressured by expectations the bank may flag future interest rate cuts.
*ECB seen holding rates, but may signal future easing. NEW YORK, March 6- The euro weakened against the dollar on Wednesday, a day before a European Central Bank monetary policy meeting, pressured by expectations the bank may flag future interest-rate cuts.
LONDON, March 6- As western economies hit another pothole in their stuttering post-crisis recoveries, pressure to step up economic policy intervention to tackle entrenched unemployment may be building. Few have lost sight of the fact that the country with the best growth performance so far, the United States, has some of the loosest policy settings.
BRUSSELS, March 6- Falling investment and consumers' reluctance to spend even at Christmas were behind the euro zone's slide deep into recession in the last three months of 2012, according to a second official estimate on Wednesday. This was the worse quarter in the recessionary cycle, "said Mads Koefoed, an economist at Saxobank."
*Economy shrinks 0.6 percent in Q4, quarter-on-quarter. BRUSSELS, March 6- Falling business investment and consumers' reluctance to spend even at Christmas damaged the euro zone's economy in the last three months of last year, which policymakers hope signals the lowest point in the bloc's recession.
*MSCI world share index just under June 2008 high. The European Central Bank, the Bank of England and the Bank of Japan are all expected to stick to ultra-easy monetary policy at meetings this week, following on from reassurances by U.S.
LONDON, March 6- The euro lagged gains in growth-linked currencies on Wednesday, held back by concern that the European Central Bank could flag future interest rate cuts after its monthly policy-setting meeting on Thursday. The key to the shared currency's near-term outlook is seen as ECB President Mario Draghi's stance on interest rates.
The euro, however, still has some way to go before it breaks above its downtrend since early February, with European Central Bank President Mario Draghi's stance seen as holding the key to its near-term outlook. The situation in Italy is still uncertain, "said Bill Diviney, currency strategist at Barclays.
*MSCI Asia ex- Japan up 0.9 percent. TOKYO, March 6- Asian shares extended gains on Wednesday as Wall Street's record close encouraged investors to take on more risk amid signs of a continuing U.S. economic recovery and globally accommodative monetary conditions.
SYDNEY, March 6- Australia's economy grew at a moderate pace last quarter as a long-awaited surge in resource exports helped offset softness elsewhere, while recent evidence suggests the growth pulse might have quickened since the start of the year.
*MSCI Asia ex- Japan up 0.5 percent. TOKYO, March 6- Asian shares extended gains on Wednesday as investors grew more risk-friendly following Wall Street's record close, signs of continuing U.S. economic recovery, and globally accommodative monetary conditions.
March 5- Global economic growth slowed to a four-month low in February, according to service sector surveys on Tuesday, but China's pledge to boost government spending to achieve 7.5 percent growth this year may help support activity in Europe and the United States also.
"Although the rate of expansion eased to a four-month low, the loss of momentum was only slight and improving inflows of new business raise the chances of a near-term reacceleration," said David Hensley, director of global economics coordination at JPMorgan.
*Under current goals, Spain to cut deficit below 3 pct in 2014. BRUSSELS, March 5- Spain joined France on Tuesday in pleading for more time to reduce its budget deficit, saying it believed the European Commission was warming to the idea to avoid deepening the country's recession.
Successive rounds of quantitative easing and similar monetary stimulus measures have kept liquidity high and interest rates low in the United States, the euro zone and Japan in recent years, fuelling a rally in gold prices.
NEW YORK, March 4- The euro traded near a 2-1/ 2- month low against the dollar and fell against the yen on Monday, weighed down by political uncertainty in Italy and expectations the European Central Bank will cut interest rates sooner than previously thought. Italy appeared to be inching toward another round of elections after an inconclusive one last week.
BRUSSELS, March 4- Euro zone finance ministers pledged on Monday to agree a bailout for Cyprus by the end of March, but details of how the rescue will be financed are yet to be sorted out. Cyprus requested a bailout in June last year but it was not possible to reach an agreement with the last, communist-led government.
NEW YORK, March 4- U.S. oil futures fell to their lowest level in 2013 on Monday, declining for a third consecutive session in reaction to slowing growth in China and indicators that oil markets are amply supplied.