European Central Bank President Jean-Claude Trichet said Euro-zone interest rates are fine where they are, with the single-currency region’s economy showing signs of stabilization. Trichet spoke in Venice after the ECB's monthly rate-policy meeting.
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Reluctant borrowers are the main reason for lackluster credit growth in the euro zone, not overly restrictive banks, Gabriel Stein, director at Lombard Street Research, tells MarketWatch’s Bill Watts.
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The latest readings on Germany’s IFO survey and the euro-zone purchasing manager's index could show a further gradual improvement in outlook. Results from fashion chain Hennes & Mauritz and Kesa Electricals will also be in focus.
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The European Union economy is in trouble, but European Central Bank President Jean-Claude Trichet says he will not follow the U.S. Federal Reserve’s lead and refuses to cut interest rates close to zero. Dow Jones Newswires' Roman Kessler reports.
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The European Union economy is in trouble, but European Central Bank President Jean-Claude Trichet says he will not follow the U.S. Federal Reserve’s lead and refuses to cut interest rates close to zero. Dow Jones Newswires' Roman Kessler reports.
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Dutch European Affairs Minister Frans Timmermans tells MarketWatch’s Polya Lesova a rebound in global trade is key to helping the country's economy resist a deeper recession. (April 10)
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11/17/08 A combination of poor US manufacturing data and both the Euro-Zone and Japanese economies entering recessions has left the currency markets in a period of uncertainty with little to no major change this session.
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