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At 10:10am (2310 GMT), the benchmark S&P/ASX 200 was up 35 points at 4,221.9 after the Dow Jones Industrial Average surged 1.58 percent. It followed a report in British newspaper The Guardian that the leaders of France and Germany, the eurozone's biggest economies, have agreed to boost the rescue fund to two trillion euros ($2.7 trillion). The commodities-linked Australian dollar was also stronger at 102.50 US cents early in the session, up from 102.04 cents on Tuesday.