Angus Campbell News
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U.K. stocks declined, erasing the FTSE 100 Index’s earlier advance, as banks and mining companies retreated after investor optimism faded over Cyprus’s bailout from the euro area.
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Swiss stocks advanced, after dropping the most in 10 months yesterday, as Italy sold debt and a U.S. report showed durable-goods orders excluding transportation equipment jumped last month.
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German stocks advanced to a three- week high as Deutsche Boerse AG rallied after CME Group Inc. was said to approach the operator of the Frankfurt exchange to consider merger talks.
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The company behind the world’s first private navy to protect merchant ships against Somali pirates plans to start armed escorts through the Gulf of Aden within five months after attacks rose to a record this year.
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U.K. stocks climbed for a second day, extending the highest level for the FTSE 100 Index since May 2008, as Chinese manufacturing expanded and U.S. jobless claims unexpectedly fell.
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European stocks climbed for a fourth day as a measure of U.S. manufacturing beat estimates, while investors awaited the outcome of a two-day summit of the European Union’s leaders.
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European stocks declined for a third day, with the Stoxx Europe 600 Index sliding to its lowest level in almost seven weeks as results from companies including Alfa Laval AB and D.E Master Blenders 1753 NV disappointed investors.
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U.K. stocks climbed the most in a month as Lloyds Banking Group Plc and British Sky Broadcasting Group Plc reported better-than-estimated earnings and U.S. manufacturing expanded.
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U.K. stocks closed little changed at an eight-month high amid speculation that the Federal Reserve will expand its asset purchases to provide economic stimulus and a report that showed German investor confidence increased in December.
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U.K. stocks declined, following the biggest two-day rally for the FTSE 100 Index since January, after U.S. factory orders missed forecasts and concern grew about Spain’s economy.
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