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Most European stocks climbed, after the Stoxx Europe 600 Index rose to a three-month high, as U.S. President Barack Obama postponed a decision on military action against Syria. U.S. index futures and Asian shares fluctuated.
Obama said yesterday in an address from Washington that he will pursue a proposal by Russia to have Syria surrender its stockpiles of chemical weapons to international authorities. He had previously said he would ask Congress to authorize the use of military force against Syrian President Bashar al-Assad following an Aug. 21 chemical attack that the U.S. says killed more than 1,400 people.
ARM jumped 4.8 percent to 986 pence, the highest since May 31. Apple said late yesterday it will introduce two new iPhones, including a cheaper $99 version in bright colors and a high-end device, in an attempt to increase its customer base.
Nokia Oyj gained 2.6 percent to 4.37 euros after Berenberg Bank raised its recommendation on the Finnish phone maker to buy from sell, citing a stronger infrastructure business and an undervalued patent portfolio.
A gauge of utilities was the best performer among 19 industry groups in the Stoxx 600. EON, Germany’s largest utility, advanced 3.6 percent to 13.30 euros and RWE, the second-biggest, climbed 3.3 percent to 24.29 euros.
FTSE 100 6,578.4 -5.59 -0.08%
CAC 40 4,112.48 -4.16 -0.10%
DAX 8,476.8 +30.26 +0.36%
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