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Tuesday, March 16, 2010 9:18 PM

Markets, March 16, 2010

LONDON (AP) — European and U.S. stock markets rallied Tuesday after the Standard & Poor’s credit rating agency gave its cautious backing to the Greek government’s attempts to get a grip on its borrowing.

The FTSE 100 index of leading British shares closed up 26.58 points, or 0.5 percent, at 5,620.43 while Germany’s DAX rose 67.43 points, or 1.1 percent, at 5,970.10. The CAC-40 in France ended 48.04 points, or 1.2 percent, higher at 3,938.95.

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