Reply #6: European stocks extend four-month high [View All]

[Ghost Dog]

http://www.ft.com/cms/s/de80237c-4f84-11db-9d85-0000779e2340.html

European stocks were higher on Friday, with Frankfurt’s Xetra Dax leading the way, passing 6,000 for the first time since May, and London’s FTSE 100 well within sight of the same level.

In early trade, the FTSE Eurofirst 300 gained 0.2 per cent to 1,400.64, extending its four-month high. The Dax was up 0.4 per cent to 6,012.78, the FTSE 100 added 0.2 per cent to 5,983.6 and the CAC 40 in Paris gained 0.3 per cent to 5,267.03.

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“WIth the potential for funds to push for a close above 6000 for both the FTSE and Dax, most markets will be on hold this morning ahead of the core PCE figure, widely recognised to be the Fed’s favourite inflation indicator,” said Martin Slaney, head of spread betting at GFT Global Markets.

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