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
*Spain borrowings from ECB fall in December. NEW YORK, Jan 14- The euro climbed to an 11- month high versus the dollar on Monday and was broadly supported against major European currencies as investors pared expectations of monetary easing from the European Central Bank and the outlook improved for Spain, the region's fourth largest economy.
*Spain borrowings from ECB fall in December. NEW YORK, Jan 14- The euro climbed to an 11- month high versus the dollar on Monday and was broadly supported against major European currencies as investors pared expectatons of monetary easing from the European Central Bank and the outlook improved for Spain, the region's fourth largest economy.
*Yen slumps broadly on Bank of Japan expectations. NEW YORK, Jan 14- The euro rose against the dollar for a third straight session on Monday, touching an 11- month high, as investors continued to trade off of diminished expectations of monetary easing from European Central Bank.
NEW YORK, Jan 14- U.S. The Fed minutes showed several policymakers "wanted to scale back quantitative easing well before year-end, but there is no coupon supply until the Treasury sells two-year notes next on January 28," said Chris Rupkey, managing director and chief financial economist at Bank of Tokyo/Mitsubishi in New York.
The common currency peaked at $1.3404, its highest level since February 2012, producing a hefty gain of 2.5 percent since European Central Bank President Mario Draghi gave a more optimistic outlook for the economic recovery late last week.
*Stronger China GDP, calmer Europe help mood. LONDON, Jan 13- Just as you learn to put up with a nagging toothache, this week is expected to provide fresh evidence that the U.S. economy is getting used to life on the edge of the fiscal cliff.
*Moody's says Cyprus default risk increasing. LIMASSOL, Cyprus/ BERLIN, Jan 11- Cyprus appeared to win conditional support for its bailout bid from EU paymaster Germany on Friday, hours after a savage credit ratings cut intensified the indebted island's economic misery.
Europe's peripheral economies face a re-run of the U.K.'s "winter of discontent", with high unemployment and stagnant growth, according to a report by Goldman Sachs.
BRUSSELS, Jan 11- Europe will need more spending cuts to emerge from its debt crisis despite an admission by the International Monetary Fund that cost cutting can choke economies, the EU's top economic official said on Friday.
*Yen falls against dlr as Japan signals big policy shifts. LONDON, Jan 11- World shares hovered near a 20- month high on Friday as upbeat comments from the European Central Bank and a massive stimulus plan in Japan boosted optimism about the global economic outlook. London's FTSE 100, Paris's CAC-40 and Frankfurt's DAX were all broadly steady as well.
*MSCI Asia ex- Japan slips from near highest since Aug 2011. TOKYO, Jan 11- Asian shares fell on Friday as a pick-up in Chinese inflation prompted profit taking but underlying sentiment was supported by an improving outlook for global economies, while the yen slid on renewed expectations for bold monetary easing in Japan.
TOKYO, Jan 11- Asian shares rose on Friday amid an improving outlook for global economies and reduced anxiety over the euro zone's debt problems, while the yen slid on renewed expectations for aggressive monetary easing in Japan.
*China exports rise to 7- month highs, lifts optimism. *Oil rises on China demand, Saudi output cuts. The euro rose on less anxiety about the euro zone economy after the European Central Bank unanimously left interest rates unchanged and ECB President Mario Draghi offered no hints that more policy easing will be coming soon.
NEW YORK, Jan 10- World stock prices rose to an eight-month high on Thursday and oil prices climbed as stronger-than-expected Chinese exports raised hopes of a more robust recovery for the global economy this year.
*ECB holds rates at 0.75 pct, as expected. FRANKFURT, Jan 10- The euro zone economy will recover later in 2013 and there are already some signs of stabilisation, the European Central Bank said on Thursday after it unanimously held interest rates at a record low. "The economic weakness in the euro area is expected to extend into 2013," Mario Draghi told a news conference. "
*German Schatz yield hits highest in nearly three months. LONDON, Jan 10- Yields on German bonds rose on Thursday after the European Central Bank left interest rates on hold and signalled pressure for a cut among the bank's governing council had eased.
NEW YORK, Jan 10- The euro climbed to a one-week high against the dollar on Thursday as investors saw no hints of the European Central Bank laying the groundwork for cuts to its benchmark interest rate.
LONDON, Jan 10- The euro rose against the dollar and the yen on Thursday after the European Central Bank left interest rates on hold and following strong demand at an auction of Spanish debt. Still, market participants were wary that the ECB may signal further rate cuts in the coming months at a news conference from ECB President Mario Draghi at 1330 GMT.
FRANKFURT, Jan 10- The European Central Bank held its main interest rate at a record low of 0.75 percent on Thursday, putting off further policy easing while it assesses the economic outlook and waits for a bailout trigger to use its new bond-purchase programme.
*Brent oil gains $1 a barrel on hopes of China demand. However, gains in Europe's equity markets were more limited with investors waiting for European Central Bank President Mario Draghi to give his views on the outlook for the recession-bound euro zone after a rate setting meeting later in the day.