Euro retreats as ECB meets; earnings boost stocks
IN BRIEF
The euro retraced some recent gains as European policy makers gathered in Frankfurt before Thursday’s rate decision. The region’s equities got a lift from corporate results, while oil fluctuated. It was a day of reversing trends, with the common currency coming off the highest close since August 2015 as investors weighed the European Central Bank’s plans for stimulus measures and the possibility of a change of tone when the decision is announced. The greenback steadied after the implosion of the US health care reform bill sent it to the lowest since September a day earlier. The Stoxx Europe 600 Index advanced following its largest drop this month. Investors will be closely watching Europe’s central bank this week for clues on the fate of easy monetary policies that have helped stoke growth and spur equity markets to record highs.