Euro drops, bonds rise after Merkel comments
NEW YORK (Reuters) – The euro fell broadly on Wednesday after comments by German Chancellor Angela Merkel reignited worries about the euro zone debt crisis and government bond prices rose over fears of slow economic growth. In a seeming contradiction to the growth fears among bond investors, U. S. and European stocks jumped, lifted by solid corporate results on both sides of the Atlantic. The benchmark S&P 500 touched its highest level since early May. Investors who have worried about the impact of a limping global economy on earnings took comfort from corporate results. . . .
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