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Market Update : 
DaimlerChrysler Drives Europe Higher
Author: Elena Todorova
123jump.com
Last Update: 1:53 PM EDT March 23 2007


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European stocks finished in the positive on Friday, boosted by gains in the shares of automakers and oil producers which helped offset weakness in the tech sector. DaimlerChrysler shares advanced 6.4% amid continued speculation about a possible sale of Chrysler. Volkswagen climbed 6.2%, amid speculation that Porsche will buy them. Other gainers in the sector included Fiat and Renault. The German DAX 30 rose 0.6%, the French CAC-40 index rose 0.7%, and the U.K. FTSE 100 added 0.3%.

 

 

 
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