Tuesday, August 21, 2012

GLOBAL MARKETS-Stocks, euro soar on ECB optimism

* Wall Street climbs to four-year high on ECB hope
* Euro rallies to seven-week high versus dollar
* Spain sees healthy auction of shorter-term debt


By Wanfeng Zhou
NEW YORK, Aug 21 (Reuters) - Global stocks rallied to
3-1/2-month highs on Tuesday and the euro hit a seven-week peak
against the U.S. dollar on hopes the European Central Bank will
soon start buying Spanish and Italian bonds to contain the debt
crisis.
Spanish borrowing costs fell and Portuguese government bond

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