SINGAPORE: European stocks were poised to follow Asian shares higher on Wednesday as investors hunted for bargains, while the euro edged up against the dollar as traders covered some bets against the common currency following a sharp overnight fall.
The constellation of asset price action reflected risk taking among investors, who had been mostly driven for the past few weeks by fears that still lingered about a euro zone break up and global recession.
The Australian dollar rallied 1 percent, climbing above $1.06 , U.S. Treasury yields edged higher and gold tumbled on a sudden large sell order in thin trading conditions.
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