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Global shares rebound after rout
Bargain-hunters push global shares higher but concerns about US, Europe debt likely to return
Global stocks recouped losses Tuesday as investors bought up beaten-down stocks but with Europe's debt crisis still brewing and the U.S. yet to sanction an increase in its debt ceiling, investors remain wary of pushing the gains too far.
After a hammering Monday that saw bank shares lead a global rout and investors flee to gold and other safe haven assets, markets staged a comeback Tuesday. Oil prices and the euro jumped too.
Q: Associated Press, London, 19.07.2011
Bargain-hunters push global shares higher but concerns about US, Europe debt likely to return
Global stocks recouped losses Tuesday as investors bought up beaten-down stocks but with Europe's debt crisis still brewing and the U.S. yet to sanction an increase in its debt ceiling, investors remain wary of pushing the gains too far.
After a hammering Monday that saw bank shares lead a global rout and investors flee to gold and other safe haven assets, markets staged a comeback Tuesday. Oil prices and the euro jumped too.
Q: Associated Press, London, 19.07.2011
