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Stocks rise as Spanish bailout gets closer

Hopes of an imminent bailout for Spain sent global stock markets higher today as investors cheered the prospect of a more stable eurozone.

The FTSE 100 Index raced more than 1% or 64.9 points higher to 5870.5, while Wall Street's Dow Jones Industrial Average added around 120 points in early trade, buoyed also by more strong third quarter US company earnings.

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Finance

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