European, Asian Markets Advance
European markets advanced. In London, the FTSE 100 index gained 79.60 points, or 1.55%, to 5,209.10 despite reports that UK Industrial Production fell 1.2% in September. Inflation, however, remained under control. The Paris CAC 40 index advanced 115.94 points, or 2.65%, to 4,485.34. In Germany, the DAX index gained 171.80 points, or 3.75%, to 4,755.11 as the U.S. opened higher. Also, many traders are hopeful that the European Central Bank will cut interest rates this week amid published reports German unemployment is likely to increase 20,000 in October.
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