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European shares open in green, Stoxx 600 set for a weekly drop

January 24, 2014

European shares surged on Friday opening, yet the Stoxx Europe 600 Index heading for a weekly fall after yesterday's biggest drop in seven weeks. The mixed earnings are raising worries, especially after a report released yesterday showing that China's manufacturing unexpectedly contracted in January. Next week, eyes will focus on the release of financial results of many companies, yet the focus is predicted to be on the Fed's meeting, as it would decide the pace of stimulus cut. As of 03:13 EST , STOXX EUROPE 600 soared 0.57% to record 333.26 points. Looking at other the major European indices, Germany's DAX index advanced 0.29% to 9659.34 points, while the French CAC index rose 0.22% to 4290.39 levels. Britain`s FTSE 100 index recorded 0.14% rise to 6782.90 points.

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Source: Financial Markets

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