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Global Markets Surge as Gold Prints All-Time High

By Marco Hague

 About this article:
 Equity futures: Dow +65.00. S&P +7.60. Nasdaq +10.00. Japanese Nikkei +90.00. German Dax +20.00. European markets saw strong positive momentum from the opening bell, with the major indices surging about 1%. The same positive momentum also influenced the S&P futures, helping the index reach a new yearly high after it broke above the 1100 area as gold printed an all-time high. As has happened lately, the market turned into the green after a series of important companies managed to beat analysts' estimates. Among them were the French bank Credit Agricole and the Swiss cement maker Holcim. As such, the French CAC 40 advanced 0.95%, while the Swiss stock market gained 0.40% Strong gains came from the Nordic European markets, with Finland and Norway up 1.60%. Interestingly, the same markets posted strong declines in Tuesday trade. S&P futures have broken through the 1098.50 highs, which is the reason for a...

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