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Posted AT 5:11 PM EST on 07/11/08

Global markets make moderate gains

Reuters and The Canadian Press

NEW YORK — Wall Street and European shares rose on Friday as investors were relieved that U.S. jobs figures did not live up to pessimists' worst fears after a deluge of horrific economic reports this week. U.S. President-elect Barack Obama said fixing the economy would take time, which removed some of the froth from stocks' gains, but he added that economic stimulus, job creation and help for the auto industry were top priorities.

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