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THURSDAY, NOVEMBER 26, 2009
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IBM Forecast Rallies Asian, European Markets

Big Blue's outlook erases some gloom

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(Newser) – After five straight trading days of losses, investors may have regained a touch of confidence as markets in Asia and Europe bounced back from their beatings today, reports Bloomberg. The rebound, fueled in part by IBM’s reaffirmation of its profit forecast, comes after the worst five-day selloff since 1987. “IBM's numbers show that it's not all doom and gloom out there,” said one expert.

The curve of the German stock index is reflected in a sign at the stock market in Frankfurt, central Germany, Wednesday, Oct. 8, 2008.
The curve of the German stock index is reflected in a sign at the stock market in Frankfurt, central Germany, Wednesday, Oct. 8, 2008.   (AP Photo/Michael Probst)
Pedestrians walk under an electric stock market board on a Ginza street in Tokyo, Thursday, Oct. 9, 2008.
Pedestrians walk under an electric stock market board on a Ginza street in Tokyo, Thursday, Oct. 9, 2008.   (AP Photo/Katsumi Kasahara)
A trader views the financial markets in Paris.
A trader views the financial markets in Paris.   (AP Photo/Thibault Camus)
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