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The Eurozone Stock Rally Has Legs

The 30% rally in European stocks is grounded in solid fundamentals, Chief economics commentator Greg Ip says.
Ludovic Marin/Agence France-Presse/Getty Images

Source: http://blogs.wsj.com/economics/2015/04/23/the-eurozone-stock-rally-has-legs/?mod=WSJBlog

ECB’s Praet Says Eurozone Getting Back on Growth Track

The eurozone economy is getting back on the growth track, as the European Central Bank‘s monetary policies begin to take hold, the central bank’s chief economist said in remarks prepared for delivery Thursday.
Peter Praet said, however, the currency bloc can’t run on all cylinders without moves from other actors, such as governments and firms, to set the stage for the eurozone to perform better economically over the long term.

Source: http://blogs.wsj.com/economics/2015/04/23/ecbs-praet-says-eurozone-getting-back-on-growth-track/?mod=WSJBlog

France’s Noyer: ECB Bond Buying ‘Very Effective’ So Far

NEW YORK—Banque de France governor Christian Noyer offered support for the European Central Bank’s bond buying stimulus program.
“Unconventional monetary policies are necessary but complex,” Mr. Noyer said at the Paris Europlace International Financial Forum held in New York. Because these policies are challenging, central banks that employ them must weigh the tradeoffs and risks, but at the same time, when circumstances call for action, central banks must not shy away from what must be done, he said.

Source: http://blogs.wsj.com/economics/2015/04/20/frances-noyer-ecb-bond-buying-very-effective-so-far/?mod=WSJBlog

Global Central Banks Calendar for the Week of April 20 – 24, 2015


  • 8:30 a.m. EDT: New York Fed’s Dudley speaks in New York
  • 1300 GMT (9:00 a.m. EDT) ECB’s Constancio speaks in Brussels


Source: http://blogs.wsj.com/economics/2015/04/20/global-central-banks-calendar-for-the-week-of-april-20-24-2015/?mod=marketbeat

Eurozone Economy Showing Clear Signs of Improvement, Says ECB’s Nowotny

WASHINGTON—The European economy is poised to contribute to the global economic recovery after years of languishing through stagnation and recession, Austria’s central bank Governor Ewald Nowotny signaled in an interview, as the region reaps the benefit of lower oil prices, a weaker exchange rate and stepped up investment.
“There clearly is a feeling of improvement particularly for industrial countries,” Mr. Nowotny said in an interview with The Wall Street Journal during meetings of the International Monetary Fund. “Europe has the potential to be a growth engine.”

Source: http://blogs.wsj.com/economics/2015/04/19/eurozone-economy-showing-clear-signs-of-improvement-says-ecbs-nowotny/?mod=WSJBlog

ECB’s Nowotny: ELA Can’t Be Long-Term Financing Substitute for Greek Banks

WASHINGTON–European Central Bank governing council member Ewald Nowotny said Friday the central bank’s emergency-lending program can’t become a long-term financing mechanism for Greek banks.
“Due to the legal structure, the ECB isn’t in the situation to substitute long-term financing, that’s a political decision,” Mr. Nowotny said at the International Monetary Fund’s Spring Meetings.

Source: http://blogs.wsj.com/economics/2015/04/17/ecbs-nowotny-ela-cant-be-long-term-financing-substitute-for-greek-banks/?mod=WSJBlog
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