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Europe: Stocks open up after decisive UK poll

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[LONDON] London's stock market surged at the start of trading on Friday as Prime Minister David Cameron's Conservatives looked set for a surprise victory in Britain's general election.

The benchmark FTSE 100 index rallied in initial deals, up 1.88 per cent to 7,016.07 points.

The British pound had already jumped overnight after exit polls showed a victory for the Conservatives, seen as more business-friendly than the main opposition Labour party.

In early deals, Frankfurt's DAX 30 stocks index was up 0.77 per cent to 11,495.66 points and the CAC 40 in Paris won 0.66 per cent to 5,000.16 compared with Thursday's closing levels.

AFP