Reuters

World stocks hit a three-week high and the euro and euro zone bond yields extended gains as investors priced in a potential wind-down of ECB stimulus.

The euro climbed to a two-week high on Thursday as investors raised their bets that the ECB will signal a winding down of its vast bond-buying program by year-end.

European shares switched to risk-on mode on Thursday, joining an overnight rally on Wall Street and in Asia, with the banking sector posting the best performance.

Shares rose, while expectations the ECB could start to wind down boosted the euro and global bond yields.

Regulators need to do more to allow new technologies, as financial institutions are struggling with ever-growing compliance costs.

Donald Trump is not backing down from the tough line he has taken on trade, setting the stage for a showdown with top allies at this week’s G7 summit.

The euro rose to a nearly 2-week high after officials said the ECB could wind down its stimulus program by the end of the year.

The Canadian dollar strengthened to a near one-week high against its U.S. counterpart as domestic data showed a narrower-than-expected trade deficit.

Canadian exports rose to a record high in April as firms shrugged off uncertainty caused by U.S. protectionist policies, helping to cut the trade deficit to a six-month low.

The Labour Party urged lawmakers to defeat Theresa May in parliament by backing a proposal for Britain to stay in the EU’s single market after leaving the bloc.