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Stocks, euro soar on ECB optimism

August 21, 2012 Comments Off on Stocks, euro soar on ECB optimism

August 21, 2012, 5:00 pm

By Wanfeng Zhou
NEW YORK (Reuters) – Global stocks rallied to 3-1/2-month highs on Tuesday and the euro hit a seven-week peak against the U.S. dollar on hopes the European Central Bank will soon start buying Spanish and Italian bonds to contain the debt crisis.

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