Global stocks, euro rise on progress in Italy; S&P 500 at record
NEW YORK - World stock indexes and the euro advanced on Monday as the formation of a new government in Italy eased uncertainty about the political future of the country, the third-largest economy in the euro zone, while the S&P 500 closed at a record high.
Euro up after Italy ends political chaos; ECB awaited
NEW YORK - The euro rose against the dollar and yen on Monday after Italy finally formed a government, ending two months of political uncertainty, but further gains may be limited given expectations the European Central Bank will cut interest rates this week.
Cyclicals lead FTSE 100 gainers after inflation data
LONDON - Mining and energy stocks led the FTSE 100 higher on Monday after inflation data from Europe and the United States heightened expectations of more action from central banks to stimulate the economy.
Sterling down versus dollar, but outperforms euro
LONDON - Sterling fell on Tuesday, hit by selling by an Asian central bank and worries about faltering Chinese growth that drove investors to more liquid currencies like the dollar and the yen.
Sterling rises on dimming chances of more monetary easing
LONDON - Sterling hit two-and-a-half month highs against the dollar and a trade-weighted basket of currencies on Monday as investors cut bets on more monetary easing after data showed above-forecast British first-quarter growth last week.
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