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SUNDAY, NOVEMBER 22, 2009
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Asia, Europe Rally, US Futures Soar

Obama team's plan sends markets up

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(Newser) – Asian markets soared today and European exchanges opened higher as investors expressed optimism about the Obama administration's public-private asset purchase plan. In Hong Kong the Hang Seng rallied 4.1% to close at a five-week high, while the Nikkei in Tokyo closed up 3.4%. At midmorning bourses in London and Frankfurt were both up by about 1.5%, and in New York Dow and Nasdaq futures pointed to big gains.

Pedestrians are reflected on a Tokyo brokerage's electric signboard indicating Japanese stock prices in Tokyo today.
Pedestrians are reflected on a Tokyo brokerage's electric signboard indicating Japanese stock prices in Tokyo today.   (AP Photo/Koji Sasahara})
A man on a bicycle goes by a Tokyo brokerage's electric signboard today.
A man on a bicycle goes by a Tokyo brokerage's electric signboard today.   (AP Photo/Koji Sasahara)
A broker is seen in front of the curve of the German stock index DAX at the stock market in Frankfurt, central Germany.
A broker is seen in front of the curve of the German stock index DAX at the stock market in Frankfurt, central Germany.   (AP Photo/Michael Probst)
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