rose 0.24% on Friday and was on course to make gains for a seventh successive day. It's likely to be the index's best week since March.fell 0.03%, but the index is still set for its best week in about two months.The euro was trading at $1.019 and on course for its biggest weekly rise against the dollar since late May, after having dipped below parity last week.
The ECB raised interest rates by a bigger-than-expected 50 basis points to zero percent overnight, its first hike in 11 years and ending a policy of negative interest rates that had been in place since 2014."While the ECB was never going to move by more than 50 bps – as we have seen from many other central banks – the 50 bp lift still came as a surprise to many," said Susan Kilsby, an economist at ANZ, in a note. "But tightening rates quickly has now become the norm.
Snap's accompanying warning of the effect of an economic slowdown on internet companies caused the share price to plummet nearly 27% in after-hours trade. Twitter Inc
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