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Europe Buoyed by Earnings, Neglects Rate-Hikes |
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6:44 AM EDT August 04 2006 |
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European markets were higher on Friday morning. The German DAX Xetra 30 index rose 0.5% at 5,667, the French CAC 40 index added 0.4% at 5,001 and the U.K. FTSE 100 index rose 0.2% at 5,847. Allianz was so impressed with its second-quarter performance, that it was prompted to lift its full-year targets. Its shares gained 2.4%. Swiss reinsurance company Swiss Re moved up 0.3% lower after reporting a 16% first-half profit rise and holding its outlook. |
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