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European stocks expected to follow Asia higher.
(From FT Investor (Pulses))
European markets were expected to kick off a new month of trading in positive territory but the strength of the euro may once again weigh on stocks with heavy exposure to the US. The single currency hit another life high in Asian trade of $1.2040 after before falling back below $1.20. Asian equities were also on the rise as investors welcomed a move by the Japanese government to nationalise an insolvent bank. The benchmark Nikkei 225 jumped 3 per cent to a three-week high at 10,403.27. The gains in ...
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