European Central Bank Executive Board member Benoit Coeure said while the ECB is looking at options to spur lending to smaller companies it shouldn’t artificially change risk premiums paid by such firms.
Euro-area exports increased for a third month in March as the currency bloc’s four largest economies all shipped more goods, adding to signs the region is beginning to emerge from a record-long recession.
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?
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.
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.