Analysts' View: EU progress lifts euro, stocks on the defensive


  • World
  • Monday, 20 Jul 2020

FILE PHOTO: A European Union flag flutters outside the European Commission headquarters, ahead of an EU leaders summit at the European Council headquarters, in Brussels, Belgium July 16, 2020. REUTERS/Yves Herman

LONDON (Reuters) - EU leaders reported some progress on Monday after three days of haggling over a coronavirus stimulus plan, sending the euro to a four-month high and Italy's borrowing costs to lows not seen since March.

An attempt to reach a compromise failed on Sunday but discussions have since narrowed.

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