NEW YORK: World shares rose to near 3-1/2-month highs on Thursday after supportive comments from Germany on the European Central Bank's efforts to contain the region's debt crisis, while disappointing U.S. data weakened the dollar.
Investors were heartened by comments from German Chancellor Angela Merkel, who said ECB President Mario Draghi's declarations last month to do whatever was necessary to save the euro were "completely in line" with the approach taken by European leaders. Draghi was criticized within Germany in the wake of those comments.
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