*U.S. stocks surged on Thursday, driving the Dow industrials above the key 9,000 mark for the first time since January, as corporate profits and rebounding home sales spurred economic optimism.
* The US VIX(volatility Index) is back under 30, suggesting that investors are confident, but it remains above 20, a sign that investors are not overly exuberant.
* South Korea's economy grew at the fastest pace in more than five years during the second quarter of this year, rising a seasonally adjusted 2.3% from the prior period, the Bank of Korea reported Friday.
* The Bank of Canada declared Canada's recession to be virtually over on Thursday and raced ahead of a cautious central banker pack with a mostly upbeat view on the world economy. The worst-case scenario of global financial disaster has been "taken off the table", Governor Mark Carney said after the central bank released a surprisingly rosy quarterly outlook.
* Microsoft reports fiscal fourth-quarter results that fall short of expectations and reflect a sharp slowdown in software sales, as demand for new PC waned in the ongoing recession.
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