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The three principle indexes higher prepares to endorse clients to rouse the auto stocks higher

Fernando Filipe

by Professional editor working for himfr.

European stock markets closed higher on the 17th for the sixth consecutive week lines up week, Citigroup and General Electric led the performance of better than expected financial stocks rose, while auto stocks pushed up the strong performance of the index.

European Stoxx 600 index sealed higher 1.6% to 196.96 points, higher 4.7 per 100 this week, accumulated.

Due to the in all prospect launch of the United Kingdom next week to endorse consumers to refilling of old motor vehicles novel car incentives, auto production plant stocks led incisive, Renault (Renault) rose 10.2 per 100, Fiat (Fiat) accumulated 7.2%.

BNP Paribas (BNP Paribas), Barclays Bank PLC (Barclays), Deutsche Bank (Deustche Bank), the United Kingdom Lloyds TSB Bank (Lloyds TSB), Royal Bank of Scotland (RBS) and UBS (UBS) were 4.6-16.6% higher range.

In supplement, Nokia (Nokia) transmitted first quarter returns plunged 82 per 100, in row with expectations, the business portion price higher 3.1 per 100, and promote the expansion of telecommunications supplies production plants commonly rose, Ericsson (Ericsson) rose 4.1%.

UK FTSE 100 catalogue increased 0.98 per hundred, to 4092.80 points; the German DAX 30 catalogue increased 1.46 per hundred, to 4676.84 points; the French CAC 40 catalogue increased 1.77 per hundred, to 3091.96 points.

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