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Global Markets Update: European Markets Await ECB's New 3-YR LTRO

Wednesday, 29 Feb 2012 | 5:10 AM ET

US markets are poised to open higher with the Dow Jones 28 points to the upside. European stocks climbed early on Wednesday, keeping their 2-1/2 month rally alive as investors bet the European Central Bank's new funding operation will ease tensions in the banking sector and boost appetite for risky assets such as equities. Asian stocks ended mostly higher for the same reason.