A recent report showed that though European shares have seen spike, same can't be said about the euro, which was seen at its two-week low on Friday. It has been claimed that the reason could be linked with the European Central Bank indicating that they might cut interest rate again.
Even there has been a lot of hole showered by multiple factors like global growth prospects, boosting oil, copper and Asian shares. It has been seen that ECB kept the rates unchanged at a low of 0.75% on Thursday, but the bank's President Mario Draghi showed hopes of a cat back later. he further shared that recent growth seen in euro could be seen as a sign of growing momentum in the market as investors are coming back, but still he warned that one must remain wary and take well assessed steps in the market after tracking down its stability.
"Draghi signaled quite clearly yesterday that with the rise in the euro, the risks to price stability are to the downside", said Amro economist Aline Schuiling, while claiming that they are expecting dollar to continue its growth.
Meanwhile, London's FTSE 100, Paris's CAC-40 and Frankfurt's DAX were seen going up by 5, 0.6 and 0.2% respectively by 1100 GMT.
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