Europe Stocks Rallying With Currency Taken as Good Omen by Bulls
Investors Answer Market's Call to Buy Europe
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The growing herd of European stock bulls can add the rising euro to their case.
March is headed to be the first month in a year with both the Euro Stoxx 50 Index and the single currency gaining at least 1 percent, with their 20-day correlation reaching the highest since October. Since 2014, the two had moved mostly in opposite directions, as the falling exchange rate boosted the overseas earnings of global giants on the blue-chip gauge.