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Global markets pushed aside concerns over falling oil prices and the rout of the ruble and had a cheerful rally after US Federal Reserve’s statement assuaged interest rate worries. Shares of Office Depot continued its uptrend, fanned by ongoing merger speculations. Oil shares, which were slipping and sliding in the last few weeks, had a strong turnaround after crude prices strengthened. Shares of coffee-shop chain Starbucks dropped after it said it will reduce the number of stores to be opened overseas. Bond yields in the US and UK rose while Japan and Germany saw a drop due to high safe haven demand.
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