BBC: Stock markets worldwide have forged higher, as investors bet that state action to strengthen the banking system will ease the credit crisis.
In New York, the Dow Jones was up 1% in morning trading, while in Europe, Germany's Dax ended up 2.7%, while the UK's FTSE added 3.2%.
The US has unveiled details of a plan to take stakes in banks, following steps by the UK and European leaders.
Investors are more confident that a financial meltdown has been averted. Shares Rise as Confidence Returns >>> | October 14, 2008
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