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23 May 2013
NEW YORK - Global equity markets rallied on Thursday, with the S&P 500 index closing at a five-year high, while the dollar pared losses against the euro as surprisingly strong U.S. housing and labor market data signaled strength in the world's largest economy.
NEW YORK - The euro hit an 11-month high against the dollar on Monday on fading prospects of an interest rate cut in Europe, while world equity markets ticked lower following gains that took them to more than one-year highs.
NEW YORK - A seven-day rally in world shares came to a halt and commodity prices slipped on Thursday after negotiations over the U.S. "fiscal cliff" hit a wall, with both Republicans and the White House voicing frustration at the lack of progress.
NEW YORK - Global shares rose and the euro jumped against the dollar on Wednesday after the Federal Reserve ramped up its monetary stimulus and said it would keep benchmark U.S. interest rates near zero until the jobless rate falls sharply.
NEW YORK - U.S. stocks ended higher on Monday, led by gains in McDonald's and in technology shares, but Italian equities and bonds sank after Prime Minister Mario Monti's decision to resign stoked concern about who will lead the euro zone's third biggest economy out of its debt crisis.