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European Markets Up, Milan Weak |
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Author: 123jump.com Staff
123jump.com
Last Update: 4:53 PM EDT May 19 2008
European markets edged higher on the rise in commodities and energy prices. The steady rise in the commodities for the thrird week in a row lifted stocks in the sector. Steel companies edged higher as Nippon Steel in Japan is expected to pass on 25% steel price hikes to Toyota and Mitsubishi Heavy. The Bank of France lowered its second quarter economic growth target to 0.3%, half the rate in the first quarter. Milan market index falls 2.1% after the dividend payout. |
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