European markets post 2nd day of strong gains
2007-06-16 HKT 02:08
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Takeover speculation, positive
broker comments and a pleasent
surprise in US inflation
figures helped European
markets post a second day of
strong gains. In London the
Footsie gained 1.24 percent to
close at 6,732 points, its
highest for five years. In
Paris the CAC 40 added just
under one percent; and in
Frankfurt, the Dax jumped by
2.3 percent. Japanese share
prices rebounded for a second
straight day as the yen slid
to fresh lows against the
dollar, handing a boost to
exporters.
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