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European Stocks Surge |
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12:29 PM EST March 30 2006 |
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European markets surged Thursday to finish sharply higher with German and French stocks reaching multi-year highs. Stocks were lifted by Nokia, strong mining stocks rally and other merger-and-acquisition news. Nokia shares climbed 4.8% after the world's top maker of mobile phones lifted outlook for cellular phones, citing strong subscriber demand. However, London Stock Exchange dropped 8.6% after the Nasdaq withdrew its $4.2 billion bid for the company. The German DAX 30 rose 1.2%, the French CAC 40 climbed 1.2%, and London FTSE 100 surged 1%. |
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