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Global Markets Update: European and Asian Shares Led Up by China Policy Move

Monday, 20 Feb 2012 | 5:10 AM ET

With markets closed in the US for the Presidents' Day holiday, European shares hit a near seven-month high on Monday after China eased its monetary policy further over the weekend in an effort to fight slowing growth, with mining stocks among the main winners. Asia markets across the assets rose as expectations that Greece will secure a second bailout buoyed investor appetite for riskier assets, sending U.S. crude and copper up nearly 2 percent.