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Europe Rallies on the Heels of U.S. Markets, Nikkei Stumbles

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The Japanese Nikkei fell as much as 2.7 percent at one point today in volatile trading as investors sold off long positions before the weekend. The sold of positions in futures, and the cash market before the weekend’s elections in the upper house. Europe rallied higher following record setting highs for the DJIA and S&P 500. Investors were extremely happy with dovish remarks made my Federal Reserve Chair Benjamin Bernanke as he rapped up his testimony before Congress. STOCKS Asian markets Reported by FXstreet.com 5 days ago.

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