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Portugal Denies It Will Need Bail-Out

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Its contained:

Jeremy Gaunt, European Investment Correspondent, 11:25, Wednesday 1 December 2010
) - Signs of robust economic growth in China and recovery in parts of Europe (news) lifted world stocks on Wednesday while a relatively successful Portuguese debt sale helped ease short-term fears about the euro zone's debt crisis.
The euro was up close to $1.31
, European shares rose nearly 1 percent and Japan (NYSE: MCO - news) was half a percent higher. Wall Street also looked set to open stronger.
The cost of insuring
Portuguese and other peripheral euro zone sovereign debt against default fell

All the contagion stuff forgotten, fat Crimbo to look forward to.

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