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European shares extend gains after upbeat US data
Thu, 9th Apr 2009 14:35
LONDON, April 9 (Reuters) - European shares extended gains on Thursday afternoon, as Wall Street futures rose, after initial U.S. jobless claims fell and an upbeat statement from Wells Fargo & Co.
At 1318 GMT, the FTSEurofirst 300 index of top European shares was up 2.1 percent at 778.34, and had hit a new day's high of 778.45.
Wells Fargo & Co, the fourth-biggest U.S. bank, rose in premarket trade after the company forecast first-quarter net income of about $3 billion. It also said its acquisition of Wachovia was going better than expected.
The number of U.S. workers filing new claims for jobless benefits fell more than expected last week, dropping 20,000 to 654,000 in the week ended April 4. Analysts polled by Reuters had expected 660,000 new claims. For details, see
Futures for the Dow Jones, S&P 500 and Nasdaq were up between 1.8 and 2.4 percent.
(Reporting by Brian Gorman) Keywords: MARKETS EUROPE STOCKS/ EXTEND
(brian.gorman@thomsonreuters.com; +44 20 7542 9128; Reuters Messaging: brian.gorman.thomsonreuters.com@reuters.net)
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Copyright Thomson Reuters 2009. All rights reserved.
The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.
At 1318 GMT, the FTSEurofirst 300 index of top European shares was up 2.1 percent at 778.34, and had hit a new day's high of 778.45.
Wells Fargo & Co, the fourth-biggest U.S. bank, rose in premarket trade after the company forecast first-quarter net income of about $3 billion. It also said its acquisition of Wachovia was going better than expected.
The number of U.S. workers filing new claims for jobless benefits fell more than expected last week, dropping 20,000 to 654,000 in the week ended April 4. Analysts polled by Reuters had expected 660,000 new claims. For details, see
Futures for the Dow Jones, S&P 500 and Nasdaq were up between 1.8 and 2.4 percent.
(Reporting by Brian Gorman) Keywords: MARKETS EUROPE STOCKS/ EXTEND
(brian.gorman@thomsonreuters.com; +44 20 7542 9128; Reuters Messaging: brian.gorman.thomsonreuters.com@reuters.net)
COPYRIGHT
Copyright Thomson Reuters 2009. All rights reserved.
The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.
