World stocks end higher; bank shares boost Europe (AP)

A Filipino trader blows a horn as he holds an ox doll at the Philippine Stock Exchange at the financial district of Makati, south of Manila, Philippines as they celebrate the Chinese New Year on Monday Jan. 26, 2009. The Philippine Stock Exchange index rose 12.58 points or  0.6773 percent at 1,869.92. (AP Photo/Aaron Favila)AP – World stock markets closed higher Monday following an upbeat performance on Wall Street and reassuring news from Europe’s battered banking sector.

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