Europe Higher

European stock markets were slightly higher while Asian markets were mixed Friday. Japan's stock market lost ground as the the market expected a pause in Wall Street's rally before the weekend

European stock markets were slightly higher on Friday. In London, the Financial Times-Stock Exchange 100 index rose 9.10 points to 4971.80 amid reports the UK government's budget deficit narrowed in April, while credit card borrowing dropped in April for the first time in a decade. 56 FTSE stocks fell and 42 rose on turnover of 1,589,000,000 shares. Yields on 10-year gilts rose to 4.38% from 4.36% yesterday. Sterling fell to $1.8257. July Brent crude oil futures were higher. Anglo American rose after Morgan Stanley upgraded stock to "overweight" from "underweight". Anite Group rose after company said 2005 results will be at the high end of expectations. Carclo rose amid reports company in talks regarding a "possible sale" of its ECC Card Clothing business.

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