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European stocks gained for a third day, posting a second weekly gain, as a report showed the
U.S. economy added more jobs than economists had estimated.
National benchmark indexes climbed in 12 of the 18 western- European markets. Germany’s DAX Index climbed 0.5 percent and the U.K.’s FTSE 100 Index gained 0.2 percent. France’s CAC 40 Index increased 0.7 percent.
FTSE 100 5,303 +12.14 +0.23%, CAC 40 3,096 +20.19 +0.66%, DAX 5,676 +30.45 +0.54%
BMW and Daimler, the world’s biggest makers of luxury cars, jumped 4.1 percent to 50.89 euros and 1.3 percent to 33.98 euros, respectively. Rio Tinto, the world’s second-largest mining company, rose 1.2 percent to 3,164 pence, while Xstrata Plc climbed 2.7 percent to 910 pence. Copper, lead, tin and zinc all rose on the London Metal Exchange. Continental AG surged 4.9 percent to 46.91 euros as the world’s fourth-largest tiremaker plans to spend more than $500 million to build a new tire factory at Sumter, South Carolina, to meet increasing demand.
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