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Transcripts For CNNW CNN Newsroom 20111027

they also agreed to boost the eu bailout fund to a trillion euros, details still pretty vague. they re requiring european banks to keep more cash reserves as a cushion against losses. so why should americans care? well i mentioned stocks but that is just the start. my colleague alison kosik has a whole lot more from the new york stock exchange. first, catch us up on the markets, both here and abroad. okay. randi, first stocks are at some of their best levels of the session, the dow up 293 points. if you look at this month as a whole, it is shaping up to be among the best ever. the dow is up more than 1,200 points so far for the year and the strongest gains today actually came from overseas, from europe. in paris we saw the paris index rise 6%. in frankfurt we saw a rise of 5%. france and germany have been financing much of the bailouts in europe and you re seeing this rally because this deal winds up sharing the burden, kind of sharing the pain. they re not going to be th

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