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European Stocks Finished with Solid Gains |
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5:30 PM ET August 31 2005 |
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European markets finished the trading session with solid gains as oil stocks gained ground after the U.S. government decided to release oil from the Strategic Petroleum Reserves in order to offset losses from the devastating impact of Hurricane Katrina and oil fell below $70 a barrel. Some upbeat earnings reports also provided some boost. The German DAX 30 added 0.79%, the French CAC 40 rose 0.98%, and London’s FTSE gained 0.78%. |
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