European Stocks Rise on ECB Stimulus News
European shares continued to climb following a rally sparked by the possibility of further stimulus measures from the European Central Bank.
Eurozone Economy Still 'In Danger Zone' Says ECB's Mersch
Yves Mersch, a member of the European Central Bank’s Executive Board, warned that the eurozone economy was still fragile and authorities needed to adapt regulations to stimulate demand for asset-backed securities.
Investors in Emerging Markets Cool on Consumer Stocks
Consumer staples in countries from India to China have outperformed the broader emerging market index by about 50% since 2008, but the rally is showing cracks.
Russia Didn't Intervene to Support Ruble on Monday
Russia’s central bank didn’t intervene in the market to support the ruble on Oct. 20, spending no funds from its reserves for the first time since the beginning of the month.
European Bankers Broadcast Stress-Test Messages
Europe’s banks will get the results of a key health check Sunday and many executives are looking to pre-empt surprises ahead of the outcome of the so-called stress tests.
Asian Shares Rally
Stocks in Japan surged for a second time this week while Hong Kong emerged as one of the best-performing Asian indexes this month, as bargain hunters returned despite a recent bout of volatility in global markets.
Nordea Bank Committed to Operations in Russia
The Nordics’ biggest lender said is committed to its banking operations in Russia despite geopolitical tensions, slowing growth and a time-consuming need to screen all transactions in that country for compliance with international sanctions.
ECB Mulls Buying Corporate Bonds
The European Central Bank is considering purchasing corporate bonds as an option if it concludes that more expansive measures are needed to pump money into the eurozone’s economy, people familiar with the matter said.
Banco Espírito Santo Investment Bank Looks for Suitors
Investment bank’s management has approached possible buyers in China, Dubai and Mexico about possibility of spinning off unit from Novo Banco.
China Growth Slowest in Five Years
China’s economy grew at its slowest pace for five years in the third quarter, suggesting the government’s targeted easing measures to boost economic growth haven’t yielded expected results.
Swiss Floor on Franc-Euro Rate Called Key to Monetary Policy
The Swiss National Bank’s currency floor of 1.20 Swiss francs ($1.27) per euro remains a key element of monetary policy due to the strength of the Swiss franc, a governing board member said Tuesday.
Bank of Canada Seen Steady on Rate
Canada’s central bank has a litany of reasons to hold its key policy rate at 1% Wednesday and keep signaling it is in no hurry to raise interest rates. If the Fed delays raising rates, the Bank of Canada is likely to pull the trigger even later, economists say.
Mexican Stock Exchange's Chief Stepping Down
Luis Téllez, chief executive of Bolsa Mexicana de Valores SAB, was recently named to country’s petroleum fund.
Romania, Colombia Tap Bond Markets
Colombia and Romania moved into the sovereign bond market Tuesday, signaling that investors’ appetite for higher yielding but riskier debt hasn't been knocked off kilter by last week’s market turmoil.
Chinese Go After Hong Kong Brokerages
Chinese companies eager to establish a foothold in Hong Kong before a widely anticipated stock-trading link between the city and Shanghai opens this year are gobbling up small brokerages.
Markets Are Diverging in the Emerging World
India and Indonesia have benefited from perceptions new leaders will help businesses. The story is different in Brazil, South Africa and Turkey.
Seeking Positives in Negative Yields
Some European bond yields have gone negative as rates hit record lows and lenders are looking for places to park their surplus cash.
Investors See Reasons to Jump Into U.S. Markets
A resurgent dollar is remaking the investment landscape as Fed stimulus ends, in a shift many fund managers expect will propel U.S. stocks, and even bonds, to fresh gains.
Oil Tanks as Supply Overwhelms Demand
A global glut of oil sent prices skidding this summer, and demand is expected to remain soft in the coming months.
copyright © 2014 Dow Jones & Company, Inc.