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Markets rebounded Tuesday with world stocks, oil prices and bond yields all rising after China cut interest rates and banks' reserve requirements in a bid to kick-start its wavering economy.Global markets had been pummeled Monday after Chinese shares fell almost 9 percent, prompting investor calls for remedial action from authorities that grew louder overnight after the Shanghai Composite Index slumped.At 11:36 a.m., the Dow Jones industrial average rose 381.28 points, or 2.4 percent, to 16,252.63, the S&P 500 gained 47.21 points, or 2.49 percent, to 1,940.42 and the Nasdaq Composite added 149.35 points, or 3.3 percent, to 4,675.60 .The pan-European FTSEurofirst 300 index closed up 4.4 percent in its biggest one day gain in almost four years, recouping much of the 5-percent-plus lost the previous day when around 450 billion euros ($520 billion) was wiped off the FTSEurofirst 300's value.
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