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Wednesday 10 August 2011

European stocks up after US Fed puts rates on hold

European shares markets have going upward trend after the US central bank said it was likely to hold interest rates until 2013.
Leading stock markets are seeing a second day of gains, with London's 100 share index up 1.4% and Frankfurt's leading Dax index more than 2% higher.
The interest rate announcement helped stem one of the biggest sell-offs in recent years.
US stock market had their best day for two years, closing up 4% after Tuesday' announcement from Federal Reserve.
Asian stock markets also gain index between 1-2%, helping Europe to its firmer start to the trading day.

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