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Carrefour Help Europe Finish Up |
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1:22 PM EDT April 13 2006 |
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European markets reversed from early losses to close in the positive, supported by strength of U.S. tech stocks and positive news from Carrefour. The world''s second-biggest retailer jumped 3.7% after the company reported first-quarter sales growth of 6% at constant exchange rates and 8.3% at current exchange rates. Ahead of the long Easter holiday, the German DAX 30 gained 0.3%. The index was hurt by sharp declines for DaimlerChrysler, but 14% surge of Schwarz Pharma limited losses. The U.K.’s FTSE climbed 0.5%, followed by the French CAC 40 advanced 0.3%.
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