European Central Bank

European stocks fall again on stimulus worries

Agence France-PresseJune 12, 2013 13:45

Europe's stock markets mainly closed in the red Wednesday amid persistent concerns about global stimulus, while traders also digested economic data and takeover activity. London's FTSE 100 index of leading shares finished 0.64 percent lower at 6,299.45 points, the DAX 30 in Frankfurt shed 0.96 percent to end at 8,143.27 points and the CAC 40 in Paris dropped 0.44 percent to 3,793.7 points, falling under the 3,800 mark for the first time since April 23. The Milan market followed the trend, nosediving 1.61 percent, while Madrid rose 0.43 percent.

Buba chief says would favor more limits on ECB mandate

Thomson ReutersJune 12, 2013 13:37

KARLSRUHE, Germany (Reuters) - Bundesbank chief Jens Weidmann told Germany's Constitutional Court on Wednesday he would favor imposing further limits on the European Central Bank's mandate due to possible risks to stability. In a hearing into the legality of the ECB's bond-buying program, Constitutional Court President Andreas Vosskuhle asked whether further regulating the ECB's mandate via German "constitutional directives" would be "a sensible strategy". Weidmann replied:

European stocks rebound, despite concern over stimulus

Agence France-PresseJune 12, 2013 11:41

European stocks rebounded on Wednesday after sharp losses the previous day caused by global stimulus concerns, while traders also digested economic data and takeover activity. London's FTSE 100 index of leading shares rose 0.19 percent to 6,352.28points in midday deals following news that British unemployment fell in the three months to the end of April. Frankfurt's DAX 30 index edged up 0.08 percent to 8,228.63 points and in Paris the CAC 40 grew 0.55 percent to 3,831.48. Madrid jumped 1.81 percent and Milan won 0.10 percent.

Coeure says no need to change ECB's mandate

Thomson ReutersJune 12, 2013 09:35

BERLIN (Reuters) - European Central Bank Executive Board member Benoit Coeure said on Wednesday there was no need to change the ECB's mandate to cope with the euro zone crisis, echoing earlier comments from his colleague Joerg Asmussen. Asmussen warned against changing the EU treaty at a public hearing at Germany's top court, which is assessing the legality of the ECB's plan to buy up debt of stricken euro zone member states after more than 35,000 Germans filed complaints.

European stocks slide as investors eye German court

Agence France-PresseJune 11, 2013 07:30

European stocks fell sharply on Tuesday as investors eyed a key German court hearing on the legality of the European Central Bank's bond-purchasing programme which has calmed financial markets since its launch last summer. Sentiment was also hit by earlier losses in Asia, after the Bank of Japan did not announce any new stimulus measures. "There weren't any surprises from the Bank of Japan as the central bank kept policy unchanged," said analyst Michael Hewson at traders CMC Markets.

Bundesbank calls for EU-wide bank resolution authority

Thomson ReutersJune 10, 2013 16:35

BERLIN (Reuters) - The vice president of Germany's Bundesbank on Monday called for an effective Europe-wide bank resolution authority, a position at odds with the German government which has been resistant to such a move. The creation of a banking union in Europe, including a structure to wind-up failed banks, is widely seen as a missing link in efforts to bring the region's debt crisis to an end.

Banks to repay 4 billion of ECB's crisis loans next week: Reuters poll

Thomson ReutersJune 3, 2013 21:32

BANGALORE (Reuters) - Banks are expected to repay 4 billion euros ($5 billion) of their three-year crisis loans to the European Central Bank next week, according to a Reuters poll of euro money market traders taken on Monday. The poll of 20 dealers showed banks will repay 2 billion euros of the first three-year operation and 2 billion euros of the second. The combined amount is higher than the 3 billion euros banks will repay this week.

Thousands of anti-capitalist protestors in Frankfurt

Agence France-PresseMay 31, 2013 12:15

Thousands of people took part in a series of anti-capitalist demonstrations in Frankfurt on Friday, targeting primarily the European Central Bank and banking giant Deutsche Bank, organisers and police said. On the first of two days of protests planned by the anti-capitalist movement Blockupy, as many as 1,500 people gathered in front of the ECB in the pouring rain to protest the central bank's handling of the euro crisis and Europe's austerity policies.

Over 1,000 anti-capital protestors rally at ECB

Agence France-PresseMay 31, 2013 06:01

More than a thousand people rallied in front of the European Central Bank in the pouring rain on Friday to protest austerity policies across different countries in the euro area. In a demonstration organised by the anti-capitalist movement Blockupy, police put the number of participants at 1,200-1,500 while the organisers themselves claimed there were 3,000 protestors. Barriers have been set up around the ECB's Eurotower headquarters in Frankfurt's city centre for days now to prevent demonstrators from getting too close.

Frankfurt 'Blockupy' protesters to target ECB, banks and airport

Thomson ReutersMay 30, 2013 11:18

FRANKFURT (Reuters) - Thousands of demonstrators from the anti-capitalist Blockupy movement will seek to cut off access to the ECB and other financial institutions in Frankfurt on Friday, to protest at their handling of Europe's debt crisis. The demonstrations in Germany's financial capital come ahead of Europe-wide gatherings planned for June 1 and roughly a year after police detained hundreds of people for defying a temporary ban on protests at a similar four-day event in Frankfurt.