Global shares, crude oil rise in wake of U.S. data

A worker shelters from the rain as he passes the London Stock Exchange in the City of LondonBy Herbert Lash NEW YORK (Reuters) – Global equity markets and crude oil rose on Tuesday after housing and manufacturing data added to evidence of an improving U.S. economy and helped offset investor concerns about the Cyprus bailout. Wall Street advanced on separate reports that showed demand for long-lasting U.S. manufactured goods surged in February while U.S. single-family home prices started the year with the biggest annual increase since June 2006. …

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