US Economy Christine Lagarde

  • Feb 17- 1/ CHINA ON SICK LEAVE A leap in coronavirus cases in Hubei gave markets pause, for all of 24 hours. Then attention shifted back to the global case-count and the rally resumed. Automaker GAC allows only half its employees to work each day at its Guangzhou headquarters, and it's a similar story at many other companies.

  • BENGALURU, Feb 17- The European Central Bank's negative interest rate policy is not harming the euro zone economy but will not succeed in bringing inflation up to the central bank's target, a Reuters poll of economists found. Policymakers cut interest rates to below zero percent in June 2014 to fight chronically low inflation and weak growth in the euro zone but...

  • Feb 14- CHINA ON SICK LEAVE A leap in coronavirus cases in Hubei gave markets pause- for all of 24 hours. Automaker GAC allows only half its employees to work each day at its Guangzhou headquarters, and it's a similar story at many other firms. That money could become even cheaper should the benchmark lending rate be cut again on Feb. 20.

  • *Europe's STOXX 600 follows Wall Street to record high. *Focus on how fast China companies can go back to work. Althought the death toll in mainland China climbed past 1,000 overnight, the number of new confirmed cases fell.

  • Jerome Powell, chairman of the U.S. Federal Reserve, speaks during a House Financial Services Committee hearing in Washington, D.C., on Tuesday, Feb. 11, 2020.

    Live updates of what's moving the market, including the latest on Under Armour, the coronavirus and the Fed.

  • FRANKFURT, Feb 11- The European Central Bank's policy review is unlikely to resolve a conflict over the treatment of house prices in inflation data and will instead aim to put pressure on Europe's statistics agency to come up with a fix, four sources have said. Recent comments from ECB chief economist Philip Lane and Bundesbank chief Jens Weidmann that housing...

  • LONDON, Feb 11- Government bond yields across the euro area rose on Tuesday in response to gains by world stock markets, but did not venture too far from recent lows in a sign of underlying caution among investors. The death toll in mainland China climbed past 1,000 on Tuesday, but the number of new confirmed cases fell. Still, analysts said concerns that coronavirus...

  • LONDON, Feb 11- Government bond yields across the euro area rose on Tuesday in response to gains by world stock markets, but did not venture too far from recent lows in a sign of underlying caution among investors. Analysts said concerns that coronavirus will hurt the world economy, alongside political uncertainty in Germany, continued to underpin bond markets.

  • FRANKFURT, Feb 10- Gathered in a German mountain castle last November for an evening retreat that ended with a whiskey-tasting, rebel European Central Bank policymakers and Christine Lagarde, their newly confirmed president, made a pact. In return, she asked for discipline from the Governing Council, the ECB's top policymaking body, which comprises national...

  • LONDON, Feb 7- The euro fell to its lowest since October on Friday after German industrial output recorded its biggest decline in a decade in December and a recent batch of strong employment data in the United States encouraged investors to buy the dollar. It has also benefited as investors shied away from riskier currencies while assessing the fallout from the...

  • LONDON, Feb 6- Germany's benchmark 10- year Bund yield touched its highest level in almost two weeks on Thursday after China said it would halve tariffs on some U.S. imports, boosting hopes the world economy may be able to avoid a major shock from the coronavirus outbreak. Comments from European Central Bank President Christine Lagarde that the euro zone economy...

  • LONDON, Feb 6- Germany's benchmark 10- year Bund yield rose to its highest level in almost two weeks on Thursday after news that China will halve tariffs on some U.S. imports boosted hopes the world economy may be able to avoid a major shock from the coronavirus outbreak. Comments from European Central Bank President Christine Lagarde that the euro zone economy...

  • *Death toll in mainland China rises by 73 to 563. SHANGHAI, Feb 6- The death toll from a new coronavirus in mainland China jumped by 73 to 563 on Thursday, its third consecutive record daily rise, as experts intensified efforts to find a vaccine for a disease that has shut down Chinese cities and forced thousands more into quarantine around the world.

  • *Death toll in mainland China rises by 65, new daily record. China said another 65 people had died in the previous 24 hours, in the highest daily total yet, taking the overall toll on the mainland to 490, most in and around the locked-down central city of Wuhan, where the new virus emerged late last year. There have been two deaths outside mainland China- in the...

  • *Yields stabilise after rising on Wednesday. LONDON, Feb 5- Euro zone government bond yields edged higher on Wednesday as investors studied the economic fallout from the coronavirus outbreak in China. China and other countries have imposed travel restrictions to try to contain a new virus that emerged in the central Chinese city of Wuhan late last year,...

  • BERLIN/ PARIS, Jan 29- Consumer morale in Germany, France and Italy rose unexpectedly at the start of the year, data showed on Wednesday, suggesting that shoppers are ready to open their wallets and support overall growth in the three biggest economies of the euro zone. In Germany, Europe's largest economy, the GfK institute said that its consumer sentiment...

  • DAVOS, Switzerland/ HELSINKI, Jan 24- The European Central Bank should adopt a simple inflation target of 2% and scrap its current "below, but close to, 2%" formulation which can confuse consumers and policymakers alike, two ECB rate-setters said on Friday. Speaking the day after the official launch of the review, Dutch governor Klaas Knot and his Finnish...

  • DAVOS, Switzerland/ HELSINKI, Jan 24- The European Central Bank should adopt a simple inflation target of 2% and scrap its current "below, but close to, 2%" formulation which can confuse consumers and policymakers alike, two ECB rate-setters said on Friday. Speaking the day after the official launch of the review, Dutch governor Klaas Knot and his Finnish...

  • *PMI data in Germany, UK, euro zone gives hope. *Too early to declare China virus a global emergency- WHO. LONDON, Jan 24- European shares on Friday were set to post their first daily gain this week on signs of a recovery ahead for growth, with easing worries over the coronavirus outbreak in China also emboldening investors.

  • *China, other Asian markets closed for Lunar New Year holiday. LONDON/ TOKYO, Jan 24- European shares on Friday shrugged off worries over the coronavirus outbreak after the World Health Organisation designated it an emergency for China but not yet for the rest of the world. The virus has killed 25 people and infected at least 800 in China, where health authorities...