NEW YORK (AP) — U.S. stocks rose sharply in early trading Thursday, driven by encouraging earnings from companies including Caterpillar, 3M and General Motors. Investors were also encouraged by some positive manufacturing news out of Europe.
By Noah Barkin , Eva Taylor and Paul Taylor BERLIN/FRANKFURT/PARIS (Reuters) - In early October, European Central Bank board member Benoit Coeure paid a discreet visit to the Chancellery in Berlin to express concerns about rising criticism of the bank from German politicians. The Frenchman, one of ECB President Mario Draghi's closest allies in Frankfurt, hoped for reassurances that the bank bashing, led by Finance minister Wolfgang Schaeuble, would stop. "Public criticism in Germany would take off." Back in 2012, Draghi appeared to save the euro zone from breaking up with his promise to do "whatever it takes" to defend the single currency, a stance that won swift backing from Merkel, who said the ECB was acting within its mandate.