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Autos And Techs Lead Europe Higher |
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1:02 PM EDT August 09 2006 |
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European markets finished volatile Wednesday session steeply higher. Gains on Wall Street following better-than-expected quarterly results by Cisco, as well as strength in the tech and automotive sectors helped offset disappointing results from Commerzbank, KarstadtQuelle, and Swisscom. French telecom-equipment maker Alcatel rose 2.8%, and automaker Volkswagen gained 3.2% to boost market sentiment. Adidas also supported, rising 2.7% on 24% profit increase and 60% revenue growth in Q2. The French CAC 40 led European gainers, climbing 1.2%, followed by the German DAX 30, up 0.9%, and London FTSE 100, up 0.7%. |
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