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ROANOKE, Va. (AP) — On the day he was fired from a Virginia TV station, Vester Flanagan pressed a wooden cross into his boss' hand as two police officers walked him to the door. "You'll need this," he said.
Global stock markets surged on renewed confidence in the US recovery after days of wild swings, but some observers warned of more turbulence to come over the slowing Chinese economy. Buyers streamed back to markets after Shanghai, the epicenter of the volatility, snapped a five-day losing streak, and a surprisingly strong new estimate of US economic growth in the second quarter -- 3.7 percent -- gave more support as the day passed. "The US economy continues to perform on a consistent basis... (showing) that its economic recovery is sustainable... The United States is leading the global economy as it has been since late last year," FXTM chief market analyst Jameel Ahmad said on Thursday.