The euro fell against the dollar for the first time in five days and the region’s bonds rallied as European Central Bank President Mario Draghi said policy makers have an open mind about a negative deposit rate. U.S. stocks rose as American jobless claims decreased to a five-year low.
ING U.S. Inc., a unit of the largest Dutch financial-services company, is headed for an initial public offering led by managers who helped American International Group Inc. repay its rescue by divesting assets.
Twelve days into his job as co- chief executive officer of Deutsche Bank AG, Anshu Jain stood beside Germany’s finance minister and in front of video images of lush forests and rolling rivers as hundreds of businessmen sang the national anthem.
Stocks rallied amid growth in U.S. home sales, better-than-forecast earnings and speculation the European Central Bank will cut interest rates. U.S. equities recovered after briefly erasing gains following a false report of explosions at the White House.