Euro strength pushes markets into the red numbers

European markets reversed gains on Thursday and finished in the red after Janet Yellen’s speech at Jackson Hole pushed the euro to $1.1880. The Fed president defended measures adopted in the last decade, but mentioned nothing in respect to upcoming interest rate hikes or the reduction of the balance of $4.5bn. "The evidence shows that reforms since the crisis have made the financial system substantially safer," Yellen said.