Euro Drops Below $1.10 First Time Since 2003 Amid ECB Stimulus

The euro fell below $1.10 for the first time in more than 11 years after European Central Bank President Mario Draghi unveiled details of sovereign-debt purchases designed to increase inflation and restore economic growth. The shared currency dropped for a sixth day, the longest slide in more than a year, as Draghi said the ECB will start buying bonds next week and include debt with negative yields. The dollar rallied to the highest...

Gold Goes Back to Boring as Volatility Drops to Four-Month Low

The metal’s 30-day historical volatility dropped to the lowest since early November on Thursday, according to data compiled by Bloomberg. Even Mario Draghi’s plan for more bond buying that sent the euro to an 11-year low against the dollar wasn’t enough to spur some movement for gold, with futures trading little changed for most of the day in New York. Prices are up 1 percent in 2015, paring gains of as much as 10 percent through mid-January....

U.S. Stocks Rise Amid Corporate Mergers Before Feb Jobs Report

U.S. stocks rose, after equities posted their biggest two-day slump in more than a month, amid corporate deals before Friday’s government jobs report. Pharmacyclics Inc. surged 10 percent after AbbVie Inc. agreed to buy the drugmaker in a $21 billion deal. Mallinckrodt Plc climbed 4.8 percent after buying closely-held Ikaria Inc. for about $2.3 billion. The Standard & Poor’s...

U.S. Stocks Advance; Europe Shares Rise, Euro Declines on ECB

U.S. stocks rose amid corporate dealmaking, while European equities advanced and the euro weakened to an 11-year low as the region’s central bank unveiled details of its debt-purchase plan. The Standard & Poor’s 500 Index advanced 0.2 percent at 12:13 p.m. in New York, halting a two-day slide. Pharmacyclics Inc. surged 11 percent after AbbVie Inc. agreed to buy the drugmaker...

Europe Stocks Rise as Draghi Says Bond-Buying to Begin Next Week

European stocks advanced for a second day, pushing the Stoxx Europe 600 Index to its highest level since July 2007, as the European Central Bank committed to begin asset purchases on March 9. The Stoxx 600 rose 0.8 percent to 393.78 at the close of trading. The gauge has rallied 15 percent this year after the ECB said it would start a quantitative-easing program. At the same time, economic data are topping forecasts by the most in two...