Euro Goes Up As Ecb Prepares To Wind Down

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LONDON – The euro rose to its highest in a month but world stocks wilted on Thursday, as the European Central Bank prepared to pull the plug on its 2.55 trillion-euro, three-year stimulus program.

After the Federal Reserve raised U.S. interest rates for the second time this year and hinted at two more, it was shaping up to be a double-whammy for risk assets that have gained during years of ultra-cheap borrowing conditions.

All sectors on the pan-European STOXX 600 index were in negative territory. Basic resources stocks led the decline with a 1.3 drop .SXPP following weak data from big metals consumer China.




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