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Global Markets: Euro goes up as ECB prepares to wind down

Reuters  |  LONDON 

By Marc JonesLONDON (Reuters) - 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 programme.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 risen sharply in value during years of ultra-cheap borrowing.All sectors on the pan-European STOXX 600 index were in negative territory. Basic resources stocks led the decline with a 1.5 drop after weak ...

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First Published: Thu, June 14 2018. 16:58 IST
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