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Europe stocks up as banks gain; CAC 40 rises 1.09%

ForexFeb 17, 2010 08:34AM GMT Add a Comment
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Investing.com - European stock markets rose during early trade on Wednesday, as banking stocks advanced after BNP Paribas posted better-than-expected earnings. 

France’s CAC 40 was up 1.09%; Germany's DAX rose 0.84%; Britain's FTSE 100 was up 0.54%; and the EURO STOXX 50 rose 1.22%.  

Banks were among the top gainers: BNP Paribas, France's biggest listed bank, climbed 2.8%; shares in HSBC, Barclays, Societe Generale and Standard Chartered also rose. 

The outlook for U.S. markets, meanwhile, was rosy as Dow Jones Industrial Average futures indicated a rise of 0.16%, S&P 500 futures pointed to an increase of 0.35% and Nasdaq 100 futures indicated a rise of 0.19%. 

Later Wednesday, Britain's Office of National Statistics was set to publish fresh data on unemployment and the Bank of England was due to release the minutes of a meeting held by its Monetary Policy Committee.

Europe stocks up as banks gain; CAC 40 rises 1.09%

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