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Market Update : 
Financials Lift European Markets
Author: 123jump.com Staff
123jump.com
Last Update: 5:35 PM EDT April 18 2008

European markets surged after a rally in the U.S. lifted financial stocks. Banks in Europe took advantage of recovering financial markets and offered bonds wirth 12 billion euro. The Spanish government passed fiscal stimulus package of 18 billion euros to bolster the falling economy on weak housing market. Every Spanish tax payers and pensioners will receive 400 euros this year and 8 billion euros are earmarked to distribute next year.

 

 

 
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