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Global Markets Update: European and Asian Shares Higher on Strong China GDP

Tuesday, 17 Jan 2012 | 5:10 AM ET

US equity futures suggest Wall Street will open sharply higher with the Dow up by 140 points. European shares are also up, hitting a five-month high, with miners gaining from slightly better-than-expected Chinese GDP data. China's GDP data and government efforts to bolster the stock market have triggered a 4.2 per cent surge in Shanghai and a broad rally across Asia.