GLOBAL MARKETS: Stocks up on earnings, deal talk; euro rebounds
NEW YORK, Aug 17 (Reuters) - Global shares prices rose on Tuesday as two big U.S. retailers reported higher-than-expected earnings, while the euro rose as worries over Europe's sovereign debt problems eased.
"The deal talk is a big catalyst for today's rally. It validates that there is a greater confidence in the outlook for materials companies," said John Praveen, chief investment strategist at Prudential International Investments Advisers LLC in New Jersey.
Dlr/yen near 15-yr lows, economic woes cap stocks
LONDON, Aug 17 (Reuters) - The dollar hovered near a 15-year low against the yen, as prospects of more weak economic data from the United States added to worries about a global slowdown and capped gains in stock markets.
"We wouldn't expect markets to make too much headway dramatically in either direction," said Graham Secker, European equity strategist at Morgan Stanley. "We're in a holding pattern until we get a breakout in the economic data."
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