Dollar falls, U.S. stocks end higher after Trump inauguration
NEW YORK The dollar ended down while U.S. stock indexes rose in the last day of a choppy trading week, as investors reacted to President Donald Trump's inaugural speech.
MADRID The secretary-general of the Organisation for Economic Co-operation and Development (OECD) Angel Gurria said Spain's European partners should now state clearly that financial aid would be granted if the country requested it.
Gurria told a press conference that in that way, the aid "bazooka" would not only be ready but also loaded, helping to generate confidence.
The OECD on Thursday earlier said in a report that the prospect of a quick recovery in Spain remained remote.
Regarding a potential rescue of Spain, the country's economy minister Luis de Guindos also told reporters that the key factor for the Spanish government was not so much "concrete and specific actions" but more the mere existence of backstops, such as the European Central Bank's bond-buying mechanism.
(Reporting by Julien Toyer, writing by Sarah White, editing by Tracy Rucinski)
LONDON/FRANKFURT U.S. banks Morgan Stanley and Citigroup have identified many of the roles that will need to be moved from Britain following its exit from the European Union, sources involved in the processes told Reuters.
NEW YORK Oil prices rose more than 2 percent on Friday on expectations that this weekend's meeting of the world's top oil producers would demonstrate compliance to a global output cut deal, but rising U.S. drilling activity limited gains.