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Euro, stocks rise on earnings, solid debt sales
Strong corporate earnings drove global equities higher o n T uesday, while the euro rose after solid demand at European government debt sales eased concerns about the euro zone's growing economic slump. Yields fell on Dutch, and Spanish and Italian debt as sales were well-received, calming markets a day after the Dutch government collapsed in a crisis over budget cuts. Data on the U.S. housing market also boosted optimism about the U.S. economic recovery and helped stoke risk appetite. Big U.S. manufacturers continued a wave of strong earnings growth, with United Technologies Corp, 3M Co, Illinois Tool Works and ... (full story)