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Banking

European shares rise to fresh two-month peak as oil majors rally

A view shows the logo of the European Central Bank (ECB) outside its headquarters in Frankfurt, Germany March 16, 2023. REUTERS/Heiko Becker//File Photo Acquire Licensing RightsNovo Nordisk invests $2.3 bln to boost obesity drug productionEuro zone business activity falls in NovECB minutes: Policymakers cautiously optimistic about inflationSTOXX 600 up 0.3%Nov 23 (Reuters) - European shares rose on Thursday, supported by gains in energy stocks, while investors digested minutes of the European Central Bank's (ECB) October meeting where policymakers were cautiously optimistic about inflation falling in the euro zone.The pan-European STOXX...
Currencies

Crushed FX volatility as dollar, finally, subsides

LONDON, Nov 22 (Reuters) - If you were looking for a klaxon to mark the end of the interest rate cycle, a crushing of currency market volatility rings loudly.Deutsche Bank's CVIX (.DBCVIX) - the currency market's version of Wall St's "fear index" of stock volatility and a weighted average of implied "vol" in nine major pairings - has basically imploded.Subdued since mid-year, the CVIX took another sharp leg lower this month and hit its lowest since mid-February 2022 - just before Russia's invasion of Ukraine and the first of the...
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