Asian shares, euro rise after stress testsSINGAPORE, July 26 (Reuters) - Asian shares rose and the euro extended gains on Monday as solid U.S. corporate earnings and strong euro zone data offset growing scepticism that stress tests on European banks were not strict enough.
"With the results of the stress tests, which had been the market's big focus, out in the open, downward factors seem to have run their course for now, even though there's criticism that those tests might have been too easy," said Hiroichi Nishi, general manager of equity marketing at Nikko Cordial Securities.
Euro, sterling up on data; stress tests awaited
LONDON, July 23 (Reuters) - The euro rose after a survey showed German business sentiment posted a record jump in July to its highest level in three years, and corporate results lifted stocks ahead of eagerly awaited European bank stress test results.
"We expected an increase but we didn't expect this. The German economy is running really strong at the moment," said Ralph Solveen at Commerzbank.
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