Europe Stocks Gain on Earnings as U.S. Futures Drop

European stocks rose the most in two weeks as companies’ earnings beat expectations. U.S. stock futures fell as Hurricane Sandy shut equity trading for the longest weather related interruption since 1888. The yen climbed.

Riyal Dollar Peg Is Under Review
26:29 - Saudi Arabia's fiscal stresses are driving speculation the kingdom may change the riyal's peg to the dollar. The Saudi Arabian Monetary Authority maintains the spot exchange rate of the riyal at 3.75 to the dollar, which means future expectations of its value must be examined through the forwards or options market. Societe Generale Economist Strategist Xavier Denis discusses with Bloomberg's Manus Cranny and Rishaad Salamat on "Bloomberg Markets Middle East."
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