Global stock rally runs out of steam

Christmas in August

An American flag flies in front of the New York Stock Exchange, Wednesday, Oct. 8, 2014 in New York. Stocks are moving between gains and losses in early trading as traders digest the latest corporate earnings news. Later Wednesday the Federal Reserve releases minutes from its latest policy meeting last month. (AP Photo/Mark Lennihan)BANGKOK (AP) — A global stock market rally driven by hopes the U.S. Federal Reserve will keep interest rates low ran out of steam on Thursday. Investors were digesting more bad economic news in Germany and lower growth forecasts for the world economy.

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