World stocks higher ahead of Fed rate decision (AP)

Traders watch terminals as Japan's Nikkei 225 stock index shoots up over 7 percent in early trade Wednesday, Oct. 29, 2008, after big gains overnight in the U.S. The benchmark index rises 540.82 points to 8,162.74 after about an hour of trading. (AP Photo/Katsumi Kasahara)AP - European stock markets closed mostly higher Wednesday on expectations of interest rate cuts around the world starting with the U.S. Federal Reserve, while U.S. stocks were up for the second day running.

AP

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