European stocks up

Published July 19, 2008

LONDON, July 18: European stocks got a boost on Friday from a better-than-expected earnings report by battered US banking giant Citigroup, which also gave a modest lift to Wall Street but came too late for Asia.

The London FTSE 100 index advanced 1.70 per cent to end the week at 5,376.40 points. The index was also up 2.18 per cent on the week, breaking an eight-week string of successive weekly declines.

In Paris the CAC 40 rose 1.74 per cent to 4,299.36 points while in Frankfurt the Dax added 1.78 per cent to close at 6,382.65.—AFP

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