The European Central Bank can help markets price climate risk more accurately to help protect the environment and its own balance sheet, ECB board member Fabio Panetta said on Monday.

Joining the fight against climate change, possibly also via bond purchases, has been a key goal of ECB President Christine Lagarde since taking the helm just over a year ago.

APRNEWS - The European Central Bank's governing council will Wednesday announce its preferred candidate to succeed France's Daniele Nouy as head of the eurozone's banking watchdog.

Gunning for the high-profile job are Sharon Donnery, deputy governor of Ireland's central bank, the president of France's banking regulator Robert Ophele and Italy's Andrea Enria, chair of the European Banking Authority.

REUTERS - Euro zone economic growth slowed further in the second quarter, preliminary data showed, on what economists said were concerns over a possible trade war with the United States.