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Banks, Miners Help Europe Recover |
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Author: Elena Todorova
123jump.com
Last Update: 1:16 PM EDT May 09 2007
European stock markets recovered from recent losses to finish higher on Wednesday. Rio Tinto jumped 10% in London on speculation that the company had rejected a bid of $110 a share from competitor BHP Billiton which rose 5.4%. Among earnings-related gainers, BNP Paribas climbed 4.2% on higher-than-expected Q1 profit. The DAX Xetra 30 rose 0.5%, the French CAC-40 added 0.3%, and the U.K.''s FTSE 100 closed flat at 6,549.60. |
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