Monday June 1, 2020

Euro drops on ECB plans but oil jumps as King Abdullah dies

23rd January, 2015
Riyadh: the Saudi city boomed under King Abdullah's reign

European shares extended a seven-year high while bond yields in the region tumbled to record lows as the ECB’s plan to expand asset purchases sent the euro toward an 11-year low.

Asian shares rose, while oil jumped after Saudi Arabia’s King Abdullah died.

The Stoxx Europe 600 Index climbed 0.6 per cent by 8:10 a.m. in London, extending a seven-year high, as rates on 10-year notes of Germany, Italy, Spain and...

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