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Market Update : 
Rate Worries Keep Europe Down
Author: Elena Todorova
123jump.com
Last Update: 1:39 PM EDT June 08 2007

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European stock markets closed lower Friday for a fifth consecutive session, pressured by continuous worries about the impact of higher interest rates. The downward trend was bucked by 1.5% rise in the shares of BNP Paribas which gained amid takeover speculations. Vodafone was among advancers for a second day in a row, moving up 1%. The U.K. FTSE 100 finished unchanged at 6,505.10, the German DAX Xetra 30 fell 0.4%, and the French CAC-40 slipped 0.1%.

 
Tata Steel has plummeted 3.5% to Rs 593. HDFC and ITC have lost 2.5% each to Rs 1,775 and Rs 151, respectively. Maruti and Ranbaxy have dipped over 2% each to Rs 743 and Rs 370 and Dr.Reddy''s and Tata Motors are lower 1.7% each to Rs 635 and Rs 665.
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