forexsq - The euro strengthened to a three- week high and stocks erased declines after a report showed German business confidence unexpectedly rose in November. Taiwanese shares climbed the most in 11 months.
The euro advanced 0.1 percent to $1.2897 at 10:30 a.m. in London after touching $1.2911. The Stoxx Europe 600 Index (SXXP) increased less than 0.1 percent, heading for its biggest weekly gain in more than nine months. Standard & Poorâ€™s 500 Index futures rose 0.1 percent from Nov. 21 as markets were closed yesterday for the Thanksgiving holiday. The 10-year Treasury yield fell one basis point to 1.67 percent. The Taiex index jumped 3.1 percent after a report cited the finance minister saying state-controlled funds should buy stocks. forex