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Newspaper
Baytown Sun
Location
Baytown, Texas, United States of America
Date
Jul 26, 2020
Page
13
A AP NORC poll shows only about 8 percent favor normal in person K-12 reopening, with 14 percent for minor adjustments and 46 percent requesting major changes. Most Americans favor virtual or hybrid models and widespread masking for students and staff.
Markets grow bullish on the euro and European equities after the EU summit where Germany's Angela Merkel and France's Emmanuel Macron led a 750 billion euro borrowing package. 390 billion euros will be grants with the rest as loans, aimed at Spain and Italy to accelerate a broader rebound.
Morgan Stanley sees eurozone stocks outperforming global equities by about 10 percent as EU recovery funds and cheap loans bolster Spain and Italy. The euro could reach 1.17 to 1.18 against the dollar while a softer US policy stance could accelerate gains. The dollar weakens vs euro, pound, yen and peso with mixed moves against Canada.
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