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In many European markets, currency gains against the dollar were as big as the actual rise in share prices.
The euro-zone crisis is a new twist on an old problem in sovereign-debt markets: currency mismatches.
While interest rates remain low, consumers are likely to carry on spending, insulated to some extent from concerns about jittery global markets, currency wars and weak export numbers.
Markets, currency, trade, business, the state, the EU, the stock market and the media are either in the service of utility, of making life better for as many as possible, or utility is secondary to a kind of sadistic accountancy.
The countries are poised to agree terms for implementing the tax, which will add a charge to trades in equity and debt markets, currency transactions and the exotic derivatives that were blamed by many economists for playing a major role in the 2008 banking crash.
And as in global financial markets, currency trading, arbitrage, black markets quintessentially financial industry behaviors are emerging.
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Policymakers there are far from the first to mismanage financial markets, currencies, and trade.
It took a hit from volatile emerging markets currencies, in particular the weaker Russian rouble, coupled with disappointing golf sales.
Dabbles in myriad markets: currencies, stocks, bonds, interest rates.
They know markets, currencies, economies, politics as well as thousands of different products from thousands of different firms.
On the foreign exchange markets, currencies traditionally viewed as riskier continued to fall, while the dollar saw some gains.
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