After Fidelity Bank announced it will acquire Affinity Bancshares, Inc. for $23 per share in cash, the company's stock surged 13.2% in pre-market trading.
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Under the dual pressure of energy and political risks, the euro has fallen to a near two-month low, with 60% of options traders betting on further weakening.
After the Federal Reserve raised interest rates, the euro fell to a nearly two-month low, with about 60% of options bets anticipating further weakness; energy concerns and political risks in Germany and France are adding pressure. Morgan Stanley is bearish, while Deutsche Bank expects the euro to fluctuate within a range.
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