Author: Elena Todorova
123jump.com
Last Update: 8:32 AM EST March 09 2006


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European averages posted solid gains at mid-day dealings on the back of lower oil prices, generally higher close of U.S. markets, and strong earnings from insurance and retail companies. The German DAX 30 was the leading gainer, up 0.9%, follwed by London FTSE 100 , up 0.6% and the French CAC 40 rising 0.5%.