Euro, shares rise and Bunds fall on Draghi comments

by on July 26, 2012 10:22 am BST

LONDON, July 26 |
Thu Jul 26, 2012 6:22am EDT

(Reuters) – The euro and European shares
rose on Thursday and German Bund futures fell after European
Central Bank President Mario Draghi said the central bank was
ready to do whatever it takes to preserve the euro.

The euro turned positive on the day versus the dollar
to hit a session high of $1.2177, from around $1.2130 before the

The FTSEurofirst 300 extended gains, rising 0.3
percent to 1,021.14 points by 1014 GMT.

German Bund futures turned negative. The Bund gave
up the day’s gains to stand down 11 ticks on the day at 144.58.