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Global Markets Update: Financials Up 8 Percent YTD

Thursday, 19 Jan 2012 | 11:40 AM ET

CNBC's Mandy Drury reports on the U.S. markets, which started up but have since pared some early gains. Financials are up today and up 8 percent year to date. Kodak files for bankruptcy protection. China's short-term lending rates fall sharply. And Moody's boosts Indonesia's credit rating to investment grade for the first time in a decade.