Dollar struggles, shares buoyant as business activity data set the mood

Published by
Reuters

By Alun John LONDON (Reuters) – The euro held at a nine-month top against the dollar and global equities bobbed at multi-month highs on Tuesday after reasonable European business activity data and a slew of corporate earnings kept risk appetite buoyant. Euro zone business activity made a surprise return to growth in January, the latest sign that the downturn in the bloc may not be as deep as feared, according to a survey. S&P Global’s flash Composite Purchasing Managers’ Index (PMI), climbed to 50.2 this month from 49.3 in December, the first time it has been above the 50 mark since June. Brit…

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