Stocks Decline as Burberry Slides; Euro Gains

European stocks fell for a second day, led by luxury goods companies as Burberry Group Plc said profit will be at the lower end of estimates. The euro gained after a German court said it won’t delay a decision tomorrow on the country’s role in a bailout fund.

IMF Adds Yuan to Basket of Reserve Currencies
14:56 - The IMF will add the yuan to its basket of reserve currencies, an international stamp of approval of the progress China has made integrating into a global economic system dominated for decades by the U.S., Europe and Japan. (Source: Bloomberg)
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