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World stocks rise after Wall Street lurches higher
PAMELA SAMPSON
(The Associated Press)



05:52:37AM (DST) Friday,August 12,2011.

BANGKOK (AP) — World stock markets were mostly up Friday following a dramatically higher finish on Wall Street that was prompted by a slight drop in U.S. unemployment claims.

Global markets have fluctuated wildly this week as signs the U.S. might be headed back into recession rattled investors already unnerved by Europe's worsening debt crisis.

Oil prices hovered around $85 a barrel. The dollar weakened against the yen and the euro.

In early European trading, Britain's FTSE 100 rose 0.3 percent to 5,178, while Germany's DAX was 0.6 percent up at 5,835. The CAC-40 in Paris rose 0.1 percent to 3,092.

U.S. futures, however, suggested Wall Street would give back some of its gains later in the day. Dow futures were down 0.9 percent at 10,984 and S&P futures were off 0.9 percent at 1,158.


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