Regulators in the U.S., Britain and Switzerland ordered five banks to pay about $3.3 billion in the first wave of penalties since authorities began a global probe into the rigging of key foreign-exchange benchmarks last year.
The euro fell to a two-year low as European Central Bank President Mario Draghi deepened his commitment to a stimulus program and signaled policy makers are ready to implement additional measures if needed.
The difference between yields on U.S. two-and 30-year debt narrowed to lowest level since November 2012 on speculation the Federal Reserve will raise interest rates next year while inflation remains restrained.
Barclays Plc, the U.K.’s second-largest bank by assets, said third-quarter pretax profit at its investment bank dropped 39%, trailing European peers, as fees for managing securities sales and trading stocks plummeted.
Foreign-exchange traders’ messages on Facebook Inc. are being sought by European Union antitrust regulators as they expand a probe into alleged collusion between banks beyond work e-mails and instant messages, two people with knowledge of the case said.
U.S. equity-index futures gained, signaling the gauge will recoup some of yesterday’s losses, and copper rose with oil amid signs economies in China and the euro area are strengthening. Treasuries fell and the yen weakened.