Stocks Rise on U.S. Budget Talks; Euro Fluctuates

European stocks rose to an 18-month high on optimism U.S. lawmakers will reach a budget deal. The euro was little changed against the dollar and copper fell before the European Central Bank unveils its economic forecast.
Ace to Buy Chubb for $28.3B
34:41 - It’s the biggest acquisition in the insurance industry since 2008. Ace has agreed to buy its rival Chubb for $28.3B. The deal is just the latest move in a recent acquisition spree for Ace. Bloomberg’s Nejra Cehic reports on “Countdown.” (Source: Bloomberg)
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