Global equities and the euro had a slightly more constructive session as encouraging signs on the global economy outweighed lingering concerns over the eurozone debt crisis and worries about high oil prices.
On Wall Street, the S&P 500 made another push towards a post-crisis high, while the euro broke above $1.33 to reach its highest level since mid-December.
But while the broad tone of risk markets was positive – underpinned by expectations for further central bank liquidity – a general lack of conviction left the door open for bouts of selective profit-taking after the strong start seen so far this year.
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