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Europe Hits Five-Year High |
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Author: Elena Todorova
123jump.com
Last Update: 12:41 PM EDT October 05 2006
European markets closed at a five-year high Thursday, boosted by takeover speculation, rebound in commodities prices, and interest-rate increases in line with expectations. London FTSE 100 closed up 0.6%, with Corus Group rising 16% amid hopes that it will enter into a deal with India''s Tata Steel. The German DAX 30 rose 0.5%, while the French CAC 40 advanced 0.6%. |
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