Euro stands tall as investors bet recovery hampers dollar, stocks up

FILE PHOTO: A security guard wearing a face mask walks past the Bund Financial Bull statue, following an outbreak of the novel coronavirus disease , on The Bund in Shanghai, China March 18, 2020. REUTERS/Aly Song/File Photo

“Overall, sentiments are improving,” said Vishnu Varathan, head of economics at Mizuho Bank in Singapore. Sliding real bond yields have added to the lustre of precious metals, at the same time that industrial demand has put silver on a tear. Spot prices XAG=for the metal, used in solar systems, rose 5% on Wednesday and are up 15% for the week.“The silver-gold price ratio is still well short of the long-term average,” said Commonwealth Bank of Australia commodities analyst Vivek Dhar

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Euro, euro zone bond markets hold out hope for recovery fund; stocks higherThe euro and euro zone bond markets held out hope European Union leaders would strike a deal on a recovery fund for the bloc's pandemic-ravaged economy on Monday, while the region's stock markets inched cautiously higher as talks paused.
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Stocks, euro rally on EU's massive recovery fundWorld shares rallied to their highest since February and the euro hit its strongest in 18 months on Tuesday after European Union leaders agreed on a landmark stimulus package to revive regional economies ravaged by the coronavirus. It's only a band aid. The recovery cannot last.
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