Stocks Turn Positive, but Euro Dips

Stock markets were modestly higher Thursday, just about recovering Wednesday’s losses, although many traders were still shying away from riskier assets at year-end.
In Italy, the government successfully tapped bond investors for more cash for the second day running.
But in a sign that nerves remained high, the euro was near a one-year low against the dollar and sank to a decade-low against the Japanese yen. In relatively thin trading, which often accentuates movements, the euro fell to $1.2883, its lowest level since Jan. 10 and not far from its 2011 low of $1.2860. Against the yen, it fell to 100.33 yen, a 10-year low.