The euro has steadied a low that has been prevailing since almost two years now. Reports on Thursday stated a fall in the shares of Europe and raised concerns over the outlook of global growth. These rising concerns have sapped the appetite of the investors for the risk assets that has already been hit by clear lack of clues on the possible stimulus measures of the United States.
An optimistic report on U.S. manufacturing surpassed anxiety about fragile global growth and lifted stocks to multiyear highs. The gain built on the best first quarter for stocks in more than a decade.U.S. stocks and European stocks were slightly tilted on a negative side but managed to rise after the ISM report.