U.S. stocks rally as euro gathers strength

Date: Thu, 10 Jun 2010 12:00:54 -0400

U.S. STOCKS RALLY AS EURO GATHERS STRENGTH
U.S. stocks surge Thursday after U.S. jobs data brightened modestly,
adding to optimism over the prospects for economic growth in Europe
and China.

TRICHET SAYS ECB BOND BUYS TO CONTINUE
The European Central Bank will continue to purchase euro-zone
government bonds and will hold off on withdrawing crucial short-term
liquidity from the financial system due to ongoing tensions in the
money markets, European Central Bank President Jean-Claude Trichet
said Thursday.

GERMAN COURT WON'T IMMEDIATELY BLOCK EURO AID PLAN
Germany's highest court has refused to immediately block the
government from contributing to the 750 billion euro standby rescue
plan designed to prevent debt-strapped euro-zone countries from
defaulting in the future, news reports said Thursday.

STRONG BOND AUCTIONS CALM EURO-ZONE JITTERS
Strong demand at Italian and Spanish government debt auctions on
Thursday provided some relief to jittery financial markets,
strategists said.

EURO PASSES $1.21; TRICHET SAYS NO POLICY CHANGE
The dollar drops as European Central Bank chief Jean-Claude Trichet's
remarks cause traders to reverse bets on the euro declining.