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Dollar soars, stocks set new highs on Fed stimulus exit talk

NEW YORK (Reuters) - The U.S. dollar soared against major currencies on Friday on growing speculation that the Federal Reserve could soon begin to rein in its bond-buying program and after data showed U.S. consumer sentiment hit an almost six-year high in early May. Full story

Dollar tops 103 yen, a 4-1/2-year high, on robust U.S. data

NEW YORK (Reuters) - The dollar rallied across the board on Friday, topping the 103-yen level as it hit a 4-1/2-year high against the Japanese currency, after data showing a robust rebound in U.S. consumer sentiment prompted investors to add to bullish bets. Full story

ECB's Asmussen: Germany must reform or be 'sick man' again

BERLIN (Reuters) - German ECB board member Joerg Asmussen German expects growth in his country to pick up in the second quarter but warned on Friday that Europe's largest economy risked becoming the "sick man of Europe" again if it did not carry out further reforms. Full story

ECB eyes supervisor role to squeeze weak banks

BRUSSELS (Reuters) - The European Central Bank could use its new supervisory role from next year to single out weak banks and make it harder for them to get its financial support, people familiar with the matter say. Full story

Merkel ally wants no ECB purchases of Italian debt: newspaper

BERLIN (Reuters) - The European Central Bank should stop buying Italian government debt if Italy failed to meet its debt reduction requirements, a senior ally of German Chancellor Angela Merkel said in a newspaper interview published on Thursday. Full story

ECB's Asmussen rejects German finance minister's view on bank union

FRANKFURT (Reuters) - A top European Central Bank policymaker hit back at the German finance minister's call for a "two-step approach" towards European banking union, calling for resolution and supervisory authorities to be ready at the same time. Full story

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Articles

ECB says in contact with Bloomberg over confidentiality

ECB's Visco: negative deposit rates would be effective

ECB's Draghi says no call for G7 central banks to do more

ECB survey points to euro zone contraction this year

ECB says has tools left to act if needed

ECB open-minded on SME lending but wants others to help

ECB looking at buying bad loans from southern Europe: report

Nikkei may break above 14,000; U.S. jobs data, ECB action to underpin

Spain's Rajoy calls for ECB to help business funding

ECB, Germany at odds over banking union set-up

Video

  Global Markets: Europe Awaits Rate Decisions

CNBC's Kelly Evans reports European shares were mixed ahead of policy decisions by the European Central Bank and the Bank of England.

  ECB Ultimatum to Cyprus: Strike a Deal or Else

The European Central Bank is ready to cut off emergency funding for the tiny island country if it doesn't reach a bailout deal by Monday. Martin Wolf, Financial Times, weighs in with the details.

  Plan B: Cyprus Goes Back to the Drawing Board

CNBC's Michelle Caruso-Cabrera has the update on the European Central Bank's efforts to pressure the solvency of Cypriot banks.

  Santelli ECB to Monitor Euro Strength

CNBC's Rick Santell talks with Mark Grant, Southwest Securities about the Bank of England and European Central Bank's decision to leave interest rates unchanged.

  Global Markets: EU Shares Flat Ahead of ECB Meeting

CNBC's Kelly Evans reports on all the market moving events from Europe, as investors looked towards key rate decisions by the European Central Bank and Bank of England.

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Related Photos

A graffiti depicting German Chancellor Merkel is seen outside a fence surrounding the construction site for the new headquarters of the European Central Bank (ECB) in Frankfurt
A graffiti depicting German Chancellor Merkel is seen outside a fence surrounding the construction site for the new headquarters of the European Central Bank (ECB) in Frankfurt

A graffiti depicting German Chancellor Angela Merkel is seen outside a fence surrounding the construction site for the new headquarters of the European Central Bank in Frankfurt, May 16, 2013. REUTERS/Kai Pfaffenbach (GERMANY - Tags: BUSINESS)

A combination of six pictures shows graffitis painted outside a fence surrounding the construction site for the new headquarters of the European Central Bank (ECB) in Frankfurt
A combination of six pictures shows graffitis painted outside a fence surrounding the construction site for the new headquarters of the European Central Bank (ECB) in Frankfurt

A combination of six pictures shows graffitis painted outside a fence surrounding the construction site for the new headquarters of the European Central Bank in Frankfurt, May 16, 2013. TREUTERS/Kai Pfaffenbach (GERMANY - Tags: BUSINESS ENTERTAINMENT TPX IMAGES OF THE DAY)

A graffiti depicting ECB President Draghi and German Chancellor Merkel is seen outside a fence surrounding the construction site for the new headquarters of the European Central Bank in Frankfurt
A graffiti depicting ECB President Draghi and German Chancellor Merkel is seen outside a fence surrounding the construction site for the new headquarters of the European Central Bank in Frankfurt

A graffiti depicting European Central Bank President Mario Draghi and German Chancellor Angela Merkel is seen outside a fence surrounding the construction site for the new headquarters of the ECB in Frankfurt, May 16, 2013. REUTERS/Kai Pfaffenbach (GERMANY - Tags: BUSINESS TPX IMAGES OF THE DAY)