Thursday, April 12, 2007

GLOBAL MARKETS-Stocks down after ECB holds rates, euro firm

(Reuters) - LONDON, April 12 - Stocks eased on Thursday after the European Central Bank kept interest rates on hold and kept its rhetoric on the upside risk to prices unchanged, following hawkish comments on inflation from the U.S. Federal Reserve.

The euro hit a two-year peak against the dollar and notched up another all-time high versus the yen ahead of the ECB decision, on expectations the single currency's yield will rise in the coming months.


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