Thursday, March 15, 2012

World stocks rise on improved US confidence

Stocks rose Friday after a key indicator of U.S. consumer confidence improved more than expected, suggesting the world's largest economy is on the mend.

Investors also were cheered by strong Chinese economic data, a raised outlook by FedEx and comments by U.S. Treasury Secretary Timothy Geithner that the financial sector no longer required some government support measures.

Germany's DAX rose 0.8 percent to 5,640.82, while Britain's FTSE 100 gained 0.9 percent to 5,032.07. France's CAC-40 was up 1.1 percent at 3,748.10.

After most indexes in Asia closed higher, Wall Street also was rising. The Dow Jones industrial average gained 0.1 percent to …

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