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EADS And Vodafone Lead Europe Up |
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1:11 PM EDT October 10 2006 |
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European markets advanced Tuesday on easing interest rate concerns and well-received management changes at EADS and Vodafone Group. The French CAC 40 gained 0.4%, boosted by 3.9% gain at aerospace operator EADS after the CEO of its Airbus division resigned after three months on the job. Elsewhere, shares of telecom-equipment maker Alcatel and banking group AXA advanced 1.3% and 2.1% respectively. Smart-card maker Gemalto added to gains, rising 2.8% after it said that it signed a two-year agreement to supply SIM cards to Virgin Mobile. London FTSE 100 closed up 0.4%, with Vodafone Group leading the index higher. The mobile phone giant climbed 2.6% on potentially positive aspects of the company outlined by the WSJ.The German DAX 30 rose 0.5%, supported by shares of automaker Volkswagen, up 1% on brokerage upgrade.
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