European Session – Euro clings on to 1.11 dollars as equities rebound
Posted on March 11, 2016 at 3:46 pm GMTEuropean equity markets recovered on Friday following a highly volatile session yesterday as markets digested the ECB’s unexpectedly large and unconventional stimulus measures. Shares in Frankfurt and Paris were up by around 3% in late European trading. London’s FTSE-100 index was up by a more modest 1.5% as mining stocks underperformed. The euro came down from yesterday’s one-month high of 1.1217 dollars and had retreated to 1.1080 dollars in mid-European session before strengthening again to reclaim the 1.11 handle in [..]