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Market Update : 
Europe Rebounds on U.S. Market Rally
Author: Elena Todorova
123jump.com
Last Update: 1:29 PM EDT October 23 2006

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European stock markets finished in the positive territory, boosted by deal news and strength in the transport sector. A strong rally on Wall Street and a new all-time high for Dow Jones also contributed to the upside move. The German DAX 30 rose 0.6%, supported by deal speculation. The French CAC 40 gained 0.7%, helped by airline Air France-KLM. London FTSE 100 closed up 0.2%, helped by gains in Standard Chartered.

 
Currencies

The U.S. dollar was higher against other major currencies in European trading Monday morning. The euro was quoted at $1.2561, down from $1.2620 late Friday in New York. The British pound traded at $1.8744, down from $1.8843. The dollar bought 119.19 Japanese yen, up from 118.65.
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