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Global markets soar
- Tuesday, October 14 - 2008 at 07:40
Global stocks soared on Monday after US and European governments agreed to buy stakes in banks. The Dow Jones industrial average jumped 936 points, or 11%, to mark the blue chip average's largest ever one-day point gain. Monday's rally was a dramatic turnaround. Other New York markets, the Nasdaq and the S&P also gained more than 10% on the day. In Europe, the French CAC 40 and the German DAX also had gains of more than 10%. London's FTSE 100 finished 8.26% higher, while Asian markets saw similar large gains of between 7-10%.
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Jeff Florian, Senior ReporterTuesday, October 14 - 2008 at 07:40 UAE local time (GMT+4)
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