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Europe: Stocks rise at open

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Published Fri, Nov 11, 2022 · 04:32 PM
    • London’s benchmark FTSE 100 index edged up 0.1 per cent to 7,378.76 points, as traders reacted also to data indicating that the UK economy was likely at the start of a prolonged recession.
    • London’s benchmark FTSE 100 index edged up 0.1 per cent to 7,378.76 points, as traders reacted also to data indicating that the UK economy was likely at the start of a prolonged recession. PHOTO: REUTERS

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    EUROPEAN stock markets rose at the open on Friday (Nov 11) but failed to match the huge gains in Asia and on Wall Street that were won thanks to slowing US inflation.

    London’s benchmark FTSE 100 index edged up 0.1 per cent to 7,378.76 points, as traders reacted also to data indicating that the UK economy was likely at the start of a prolonged recession.

    In the eurozone, Frankfurt’s DAX index grew 0.3 per cent to 14,181.78 points and the Paris CAC 40 increased 0.8 per cent to 6,608.87. AFP

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