✕
Markets

Euro, stocks higher on improved German business confidence

Published Updated

 

But gains in the euro were checked as current conditions fell short of expectations.

 

The euro rose to $1.3249 from around $1.3240 after the German Ifo survey was released, up 0.1 percent and not far from a 7-1/2 month high of $1.3256 struck earlier in the day.

 

The FTSEurofirst 300 extended inched up to hit a fresh 2012 intraday high, up 0.4 percent to 1,141.80 points.

 

German Bund futures pared losses and were last 4 ticks lower on the day at 144.37 with two traders saying some investors who had been expecting a stronger number were taking the opportunity to square positions.

Center>Copyright Reuters, 2012