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Global Markets Update: European Shares Higher on Hope of Greek Debt Deal

Tuesday, 31 Jan 2012 | 5:10 AM ET

US futures point to Wall Street opening higher on the back of a more positive sentiment in Asia and Europe. European shares rose on hopes Greece was nearing a debt swap deal needed to avoid a messy default, while European leaders agreed on stricter budget discipline measures to help prevent further debt accumulation in the region. Asian shares ended mostly higher today but worries over Portugal's refinancing ability capped gains.