Stocks and the Euro Rise as Spanish Borrowing Costs Drop PARIS - Global stocks and the euro rose on Tuesday and Europe's sovereign bond market calmed, a day after Spain's borrowing costs rose amid concerns about the country's banking sector. In early trading, the Euro Stoxx 50 index, a barometer of euro zone blue chips, rose 0.9 percent, while the FTSE 100 index in London rose 0.7 percent. Spain's 10-year government bonds, which fell in price Monday, were higher Tuesday. The yield on the debt, which moves in the opposite direction of the price, fell 4 basis points to 6.38 percent. On Monday, the yield rose to around 6.5 percent and the gap, or spread, between the bonds and comparable German debt - regarded as the safest in the euro zone - rose to as much as 5.1 percentage points. Standard & Poor's 500 index futures rose, suggesting that Wall Street stocks would get off to a positive start. U.S. markets were closed Monday. With the majority of equity trading now generated by the computer programs of big banks and investment funds, analysts caution against reading too much into daily stock moves as a reflection of market sentiment. The dollar was mostly lower against other major currencies. The euro rose to $1.2565 from $1.2541 late Monday in New York, while the British pound rose to $1.5705 from $1.5682. The dollar was unchanged at 79.48 yen, and fell to 0.9562 Swiss francs from 0.9584 francs. The Tokyo benchmark Nikkei 225 stock average rose 0.7 percent. The Sydney market index S&P/ASX 200 rose 1.1 percent. In Hong Kong, the Hang Seng index rose 1.1 percent in late Asian trading.