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Europe Closes Higher On Strong Tech Stocks |
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12:59 PM EDT September 12 2006 |
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European markets posted solid gains Tuesday, boosted by strength in the technology sector and positive mood on Wall Street following strong quarterly results at Goldman Sachs. In the European chip sector, Infineon Technologies advanced 4.2%, while STMicroelectronics jumped 4.5%. Mobile phone giant Nokia rose 2.8% after it signed two deals in China worth more than 2 billion euros. The tech sector owed its upside move to a brokerage upgrade at Credit Suisse. Banks were also in focus. J.P.Morgan downgraded UBS and BNP Paribas, but upgraded ABN Amro. The German DAX 30 and the French CAC 40 both jumped 1.3%, while London FTSE 100 rose 0.8%.
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