Thursday, May 17, 2012
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Forex - World stocks push higher as Goldman cheers

World stocks rose towards a three-month high on Tuesday after strong earnings from Goldman Sachs (GS.N), while jitters about other corporate earnings kept government bonds and the low-yielding yen on a firm footing. Goldman surprised investors by posting a much higher than expected first-quarter profit and said it planned a $5 billion common share sale to pay back government funds. Other bank shares which are due to post their results this week also rallied on Wall Street on Monday. >>

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