European Stocks Move Higher
In London, the Financial Times-Stock Exchange 100 index gained 10.80 points, or 0.21%, to 5,138.40 in short covering as U.S. stocks gained ground. There was little reaction to a report that UK Retail Sales fell 0.3% in December but rose 5.7% overall for 2001. In France, the CAC 40 moved up 50.14 points, or 1.13%, to 4,475.64. And in Germany, the DAX Index added 149.20 points, or 2.99%, to 5,133.40, even though German growth in 2001 rose less than expected 0.6% in an initial reading. The finance ministry said they expect rebound "soon" from the slowest growth in 8 years.
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