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May 4, 2009
Despite gloom and doom, world markets surge

U.S. stocks are up, and they are joined by markets in Asia and Europe — a trend that has occurred almost continuously over the past two months.

John Authers, the Financial Times’ investment editor, joins Martin Savidge to discuss positive notes about consumer spending, home refinancing and lending as well as the anticipated release of “stress tests” on U.S. banks this week.

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