Author: 123jump.com Staff
123jump.com
Last Update: 1:20 PM EST December 01 2006
European markets closed lower across the region led by France, Spain and Germany. A survey on Euro-wide manufacturing from Royal Bank of Scotland showed widening manufacturing activity in the region and unemployment dropped to a five-year low to 7.7%. Healthy economic activity report pushed the euro to a 20-month high against dollar and record high against yen. Mining stocks led the advance in the UK and airline stocks rose in the region on Alitalia planning to sell controlling stake.
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