Global stocks rallied over 2 percent and emerging stocks gained more than 2.6 percent on Monday after global policymakers agreed an emergency rescue package to stabilise world financial markets.The $1 trillion package soothed markets and encouraged investors to buy equities and riskier emerging market assets.The MSCI all-country world index rose 2.05 percent.Emerging stocks rose 2.66 percent to 951.71 and sovereign debt spreads tightened by 20 basis points to 310 bps over U.S. Treasuries .(Reporting by Carolyn Cohn; editing by Jeremy Gaunt)(For more business news on Reuters Money visit http://www.reutersmoney.in)News posted by www.newsinfoline.com
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