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Global Markets Update: European Markets Higher on Greece Optimism

Wed 08 Feb 12 | 06:10 AM ET
U.S. stock index futures pointed to a higher open for Wall Street on Wednesday, with investors positioning for a favorable resolution to the Greek sovereign debt crisis. European stocks rose in morning trade, breaking a two-day losing streak, thanks to a string of upbeat corporate outlooks and as investors bet that Greece will finally secure the bailout it needs to avoid a chaotic default.
 
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