Bank of England officials knew of concerns the foreign-exchange market was being manipulated as early as July 2006, more than seven years before regulators opened formal probes into alleged rate-rigging.
The Standard & Poor’s 500 Index rose to another record and Treasuries fell amid improving U.S. consumer confidence and speculation the Federal Reserve will continue to support the economy. The euro strengthened after data showed faster-than-estimated inflation.
U.S. stocks rose to a record, capping the best month since October, as improving consumer confidence and speculation that the Federal Reserve will support the economy offset concern over escalating conflict in Ukraine.
Manufacturing and consumer confidence improved in February and housing stabilized last month, indicating the U.S. economy is shaking off the effects of the harsh winter and loss of momentum at the end of 2013.
A measure of U.S. corporate credit risk is heading for its biggest monthly drop since October as the Federal Reserve reassured investors that its monetary policy remains dependent on the economy’s progress.
European stocks were little changed, with equities posting their biggest monthly gain since July, as Ukraine accused Russia of stoking tension on its territory and data showed U.S. fourth-quarter economic growth slowed more than estimated.