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GLOBAL MARKETS-Investors lift stocks, look past banking worry

Alibaba News Channel – Investors generally put aside recent worries about the world economy and banking industry woes on Thursday, sending global stocks higher and reversing safety flows into the Japanese yen.

Mixed earnings plagued European markets, however, with Credit Suisse posting better-than-expected profits and engineering group ABB missing forecasts and giving a cautious outlook.

Euro zone purchasing managers provided the latest "green shoots" data to suggest some economic recovery. They signalled stabilisation in their sectors but also record job losses.

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