Saturday, November 20, 2010

GLOBAL MARKETS-Euro gains on Irish debt crisis hopes, oil falls

* Global stocks rise on late-day rally on Wall Street

* Euro rises on hopes an Irish aid package is near

* Oil falls as investors weigh China's move on inflation

* Bonds steady to higher before supply next week (Updates with close of U.S. markets)

By Herbert Lash

NEW YORK, Nov 19 (Reuters) - Hopes Ireland's debt crisis will soon be resolved lifted investor sentiment and the euro on Friday even as U.S. oil prices slid after China sought to curb inflation for the second time in two weeks.

Wall Street rebounded late in the session, pulling along global stocks, on a rally in semiconductors. But the broad U.S. market finished just below a key psychological level, a sign shares could trade in a tight range through year's end.

The euro rose for a third straight day against the dollar and gold prices were little changed just above $1,350 an ounce on growing confidence a financial aid plan for Ireland will be unveiled next week, according to European Union sources. For details see [ID:nN19115574]   Continued...


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