US stocks and Euro advance as Berlusconi agree to step down

Note: This section contains information in English only.
Source: Bloomberg
© Scanpix/AFP
US equities and Euro currency experienced increase, offsetting previous losses as Premier Silvio Berlusconi offered to quit. His resignation reinforced optimism a new PM will tackle the country's debt crisis. Standard & Poor's 500 Index jumped 1.2% and closed at 1,275.92 in New York trading session while Euro surged against 11 out of 16 major counter currencies and reached $1.3839.

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