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Latest Business News: Global Markets Rise on Bernanke Stimulus Promise

wochit business
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July 11, 2013 AT 10:06 AM
Global stocks rose after Federal Reserve chairman Ben Bernanke promised to continue to stimulate the U.S. economy. The Fed has been buying $85 billion of financial assets a month to keep interest rates low and encourage borrowing and spending. That stimulus has driven global stocks higher, so the prospect of reducing it caused market volatility in recent weeks.