Simon Maughan, head of product specialist group at OTAS Technologies, says the European Central Bank's asset quality review has "more credibility" than anything before.» Read More
LONDON, Dec 19- European shares climbed to a two-week high on Thursday in a broad market rally, with cyclical stocks racing higher after a modest stimulus cut by the Federal Reserve and signals it would keep rates low for a longer period.
LONDON, Dec 19- Global regulators have softened proposed new rules for securitisation in a bid to help to kick start a financing method tarnished by the financial crisis. Securitisation in Europe has dropped from $1.2 trillion in 2008 to $322 billion last year, according to Bank of England figures.
*Euro just off almost two week low of $1.36495. LONDON, Dec 19- The dollar struggled to gain ground on Thursday after the Federal Reserve surprised many analysts by announcing its long-awaited first cut in bond-buying but couched it by promising interest rates would stay low for longer.
Fabrizio Saccomanni, Italian finance minister, says the bank backstops should only be used in a ¿fundamental crisis¿ but will ¿diffuse tensions¿ in the banking sector.
Richard Staite, U.S. banks analyst at Atlantic Equities, says U.S. bank stocks can rise further as investors will be buying into the sector when interest rates rise.
*Fed tapering may keep yen weak, support Japan CPI-analysts. TOKYO, Dec 19- The Federal Reserve's smooth start in dialing down its massive stimulus without disrupting markets removes one uncertainty for the Bank of Japan, giving it more time to decide whether further monetary expansion will be needed next year, analysts say.
CNBC's Julia Chatterley speaks to ECB board member Joerg Asmussen and Swedish finance minister Anders Borg, about the details of the European Union's banking plans.
MEXICO CITY, Dec 18- Rules aimed at boosting oversight of Mexican derivatives trades and pushing most transactions through a central clearing house will soon be published, Mexico's banking regulator said on Wednesday.
*Central bank to offer $200 mln worth of currency swaps per day. SAO PAULO, Dec 18- Brazil's central bank announced on Wednesday a likely slowdown in the pace of currency intervention next year, a move that appears aimed at taking advantage of an upbeat market reaction to U.S. policymakers' decision to cut back on monetary stimulus.
BRUSSELS, Dec 19- The European Union agreed on Thursday a blueprint to close failing banks but stopped short of a more ambitious plan for the euro zone to unite in tackling its troubled lenders.
*Fed trims bond buying $10 bln to $75 bln, starting in Jan. SYDNEY, Dec 19- Asian share markets rallied on Thursday as a Federal Reserve commitment to low rates offset a long-dreaded decision to taper stimulus, sending Wall Street to record heights and the dollar galloping above 104.00 yen for the first time since 2008..
Brian Waterhouse, Senior Analyst, Japan Banks at CLSA, cites contracting margins and low domestic loan demand as reasons to be cautious on Japanese banks.
WASHINGTON, Dec 18- A U.S. senator on Wednesday urged banking regulators to address some concerns from small and medium-sized banks about the Volcker rule after it was finalized last week.
NEW YORK, Dec 18- The 900- plus page Volcker rule regulators released last week will not impact big bank trading revenues as much as banks had feared, said industry executives and consultants who have finally plowed through the rule. "It is fairly manageable for the banks," said David Sapin, a PricewaterhouseCoopers consultant to big banks.
TOKYO, Dec 19- The dollar was hoisted to a more than five-year high against the yen on Thursday after the Federal Reserve started to dial back its massive bond-buying stimulus, giving markets a strong signal that the U.S. economy was growing at a healthy clip.
*Reduces monthly asset purchases by $10 bln to $75 bln. WASHINGTON, Dec 18- The Federal Reserve on Wednesday embarked on the risky task of winding down the era of easy money, saying the U.S. economy was finally strong enough for it to start scaling down its massive bond-buying stimulus.
*Fed trims bond buying $10 bln to $75 bln, starting in Jan. *Wall St jumps to record peaks, dollar surges past 104 yen. SYDNEY, Dec 19- Global markets have reacted surprisingly well to the long-dreaded decision by the Federal Reserve to trim its stimulus, with Wall Street stocks at record heights and the dollar above 104.00 yen for the first time since 2008..
Dec 18- Coming months will answer decisively a question the Federal Reserve insists is already settled: is a tapering a tightening?
*Jabil Circuit, Ford shares tumble on outlooks. NEW YORK, Dec 18- U.S. stocks staged an explosive rally on Wednesday, driving the Dow and the S&P 500 to all-time closing highs after the Federal Reserve announced it would start to unwind its historic stimulus.
*Fed to cut monthly stimulus to $75 bln. NEW YORK, Dec 18- Gold fell about 1 percent in choppy trade on Wednesday, after the U.S. In what amounts to the beginning of the end of its unprecedented support for the U.S. economy, the central bank said it would reduce its monthly asset purchases by $10 billion, bringing them down to $75 billion.