Daily News | Banking sector boosts Europe

Another trading week is drawing to a close, but it’s not all over yet. There are still trades to be made, and we have the data that could help you out the most, so let us jump right into it. This Friday, we focus on the euro. From Wednesday to Thursday, the currency fell from $1.0425 to $1.0451. However, unlike the currency, European shares edged up on Friday, helped by the banking sector after Credit Suisse and Deutsche Bank settled various mortgage securities fraud suits with the United States, alongside Italy’s Monte dei Paschi agreeing to a bailout. In fact, Deutsche Bank rose by 4%, the biggest gainer on the index. Credit Suisse also rose by 2% after settling with the US Department of Justice. Therefore, the banking sector is the star of the day in Europe, but let’s see how things are developing in the US. In the same timeframe, the USD fell from €0.9591 to €0.9568. However, the currency is still up by more than 7% against its various counterparts on the market after hitting record lows on US election night in November. Futures on Wall Street also pointed to a flat open, so be sure to watch out for that. For more news in the coming weeks, be sure to follow us every day!

Daily News | Want to be mobile?

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