Reuters
World stocks power to one-month high
Monday April 7, 4:07 am ET
By Natsuko Waki
LONDON (Reuters) - World stocks hit a fresh one-month high and the dollar rose on Monday, bolstered by firmer commodity prices and growing expectations that banks are close to cleaning up their credit-related troubles.
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Optimism also stemmed from speculation that finance chiefs from the Group of Seven rich nations, meeting in Washington this weekend, are considering drastic steps to fix banks and markets battered by the U.S. mortgage meltdown.
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