Germany’s two major political parties have formed a grand coalition deal, boosting the euro to its best position against the yen in four years and a one-month peak against the U.S. dollar.
A good series of U.S. economic data spurred fears of imminent stimulus tapering by the Federal Reserve, leading gold to lose gains made early in the day.
The S&P 500 dropped for the third straight day after minutes from the U.S. Federal Reserve indicated that the Fed is considering beginning tapering its stimulus in the next few months.
Two major stock indices reached significant milestones today: the Dow Jones Industrial Average hit 16,000 for the first time, while the S&P 500 went above 1,800 several times over the course of the day.
The S&P 500 gained for the sixth straight week, marking the longest winning streak since February, and the Dow Jones Industrial Average hit an all-time high.
Eurobank announced today a €2-billion issue of new shares set to occur by the end of the year.