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Global Markets Update: European Markets Mostly Higher

Monday, 16 Jan 2012 | 11:28 AM ET

U.S. markets closed for the Martin Luther King, Jr. holiday. Greek default seems more likely after talks break down. The European markets are mostly up, even after last week's S&P downgrades. Autos, technology and basic resources among the market leaders. Reuters reports the ECB will step up its bond buying program.