European Central Bank

European Central Bank News

  • Asian Shares Retreat as Silver Rebounds; Euro Near Six-Week Low

    Asian shares fell from near a five- year high, led by Japanese stocks as a technical gauge suggested the nation’s rally may falter. Silver climbed for the first time in four days, while the euro slid toward a six-week low.

  • Euro Near 6-Week Low as Inflation Set to Fall to Three-Year Low

    The euro slid toward a six-week low before a report that will probably confirm inflation in the 17- nation region was the slowest in three years.

  • Yellen Seen as Next Fed Chairman by One-Third in Investor Poll

    Federal Reserve Vice Chairman Janet Yellen is seen by a third of international investors as the most likely to take the helm of the central bank when Ben S. Bernanke’s term ends in January.

  • What's Up With the Tranquility in U.S. Stocks?

    March 28, 2013 - Since the middle of 2012, when fears of a euro zone breakup were squelched by European Central Bank Mario Draghi’s pledge to do “whatever it takes” to preserve the euro, U.S. and global stock markets have surged. At the same time, there has been a decline in stock market volatility: the VIX index, the so-called “fear index” measuring anticipated stock market volatility, is far below its historical average. So stocks are up and markets are calm. Will investors be rudely jolted from this serenity by a surge in volatility?

  • France Must Lead Breakup of Euro

    France played a decisive role in shaping not only the euro system but the entire European project. This history has predisposed French leaders to the goal of preserving the euro at all costs. Those costs, as we explained in Part 1 of this article, have become quite insupportable. A new strategy is needed, and France’s role in shaping it will once again be pivotal.

  • Italian, Spanish Bonds Decline as Euro-Area Recession Extends

    Italian and Spanish bonds fell as investors bet that 10-year yields close to the lowest since at least 2010 may be untenable as a report showed the euro-area economy shrank more in the first quarter than analysts forecast.

  • South Europe Carmakers Rise on Signs of Austerity Ending

    Fiat SpA, Renault SA and PSA Peugeot Citroen gained more than 5 percent on signs that governments may take measures to spur growth after the euro-area economy contracted more than forecast in the first quarter.

  • Euro-Area Recession Deepens as Slowdown Exceeds Estimates

    The euro-area economy shrank more than economists forecast in the three months through March, extending a recession to a record sixth quarter and increasing pressure on the currency bloc’s leaders to spur growth.

  • German Economy Barely Expands While France Contracts

    The German economy expanded less than forecast in the first quarter and France slipped into recession, increasing pressure on the European Central Bank to do more to stimulate growth.

  • Bank of France Touts Securitization Plan as Template for ECB

    The Bank of France wants to help banks package loans to businesses into tradable securities with the creation of a special-purpose vehicles, in what could become a template for the euro area.

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