Saturday, 14 January 2012

Stocks, Euro Rise After Italy Auction

Global stocks and the euro rose on Tuesday on a rebound in U.S. consumer confidence and after an Italian debt sale met strong demand despite rates that analysts warned were unsustainable.

But stocks and the euro pared gains as euro zone ministers struggled to ramp up the firepower of the regional rescue fund and raised the possibility of asking the International Monetary Fund for more help.

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