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Article: World stocks buoyant amid more US earnings cheer
- Article from:
- AP Online
- Article date:
- July 23, 2009
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World stock markets rallied strongly Thursday _ with some hitting new highs for 2009 _ after another batch of stronger than expected corporate earnings and more signs that the U.S. housing market has stabilized.
In Europe, the FTSE index of leading British shares closed up for the ninth day in a row, its longest run of gains since an 11-day advance in December 2003. It ended up 66.07 points, or 1.5 percent, at 4,559.80 while Germany's DAX rose 125.72 points, or 2.5 percent to close at a 2009 high of 5,247.28. The CAC-40 in France was 68.65 points, or 2.1 percent, higher at 3,373.72 _ just off its 2009 closing high of 3,396.22 achieved in early January.
All three indexes were down earlier in ...