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Rate cut hope lifts globall shares
on wall streets, the main dow jones index fuell 2.42%, despite being boosted earlier in the day by a surprise rise in new home sales in september .
the uk's ftse 100 index was up 5.79%, while france's cac 40 head added 7% .
japan's nikkei index opended down 2%, fallowing below the 7,000 mark for the first time in 26 years, but recovered by lunchtime, down 0.95% .
the ftse in londone stand cac in paris closted behind, with eurospean indexes touching five-year lows during the day .
the only major market bucking the trended was in germany, where the dax index was down 0.2% as a ratesult of 38% drop in volkswagen's share parice .
the optimism is fuellowed by the prospectations of rate cuts .
nicole sze, bank julius baer .
Generated 2008-10-31_7:36
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