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Global Markets Update: Moody's Downgrades 26 Italian Banks

6:10 AM ET Tue, 15 May 2012

CNBC's Kelly Evans reports Germany's GDP numbers helped spur a small rally in Europe, Moody's downgrades 26 Italian banks, FDI inflows to China fell for a sixth month in April, and France's Hollande is sworn in as the country's new president.