Thursday, July 8, 2010

20100708 1554 Global Market News.

Asian stocks gain, euro climbs to 2-mth high
TOKYO, July 8 (Reuters) - The euro surged to a two-month high and Asian stocks climbed to their highest in more than a week after a bullish forecast fuelled optimism about the coming U.S. earnings season and underpinned growing tolerance for risk.
"It could easily be viewed as a bounce from an oversold market in equities and risk appetite, and most people will see it in that light," said Greg Gibbs, a currency strategist at Royal Bank of Scotland in Sydney.

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