London shares close higher as Wall Street shrugs off US GDP decline
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Leading shares closed at their best levels for the day, taking their cue from Wall Street, where investors shrugged off a downward revision to second-quarter US GDP, dealers said.
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Shares finished higher Thursday as investors set aside concerns about downbeat economic reports and focused on Oracleâs strong profits statement.
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London stocks moved higher on Tuesday as surprisingly weak UK inflation data raised hopes that interest rate cuts were still on the agenda.
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Leading shares closed off earlier highs but still on a bullish note, as increased activity in mergers and acquisitions boosted stocks.
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Wall Street moved soundly higher Thursday, sending the Dow Jones industrials to their first close above 14,000, as investors kept jitters about the economy at bay and focused on a string of upbeat earnings reports.
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U.S. stocks rose for a third day on   Wednesday, pushing the Dow average near its record close, as   data showing a surprise gain in new home sales bolstered   optimism about the economy and corporate profits.
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British blue chips closed comfortably higher, with energy and mining stocks ahead and as Wall Street extended gains, offsetting concerns about soaring oil prices, dealers said.
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Blue chips have closed up, albeit off session highs, with strength in mining issues the main prop for gains in London, and with volume thin on the ground as Wall Street was closed for Presidents' Day holiday.
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London shares closed firmer off highs Friday as Wall Street was recovering from lows, with the mining sector the major gainers following news two companies had acquired a stake in Rio Tinto.
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London equities started to recover on Thursday as investors looked for bargains after two days of selling. Strong earnings news from Reuters and British American Tobacco also helped lift the gloom.
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Leading shares closed higher Tuesday, but off peaks, buoyed by a resilient mining sector and ongoing buying interest among pharmaceuticals although early strength on Wall Street petered out as weak housing data heightened economic woes.
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Share prices closed higher across the board in Tokyo this morning, as investors were cheered by last night&#39;s gains on Wall Street.
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US stocks ended higher on Wednesday, as investors shrugged off record crude oil prices and bought beaten-down shares, pushing blue chips to close above 10,000 for the first time in 3 weeks.
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UK blue chips closed higher, but off peaks, as early strength on Wall Street evaporated on rising oil prices, while solid full year numbers from BAE and Centrica held the index in positive territory.
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US stocks closed slightly higher on Thursday amid mixed economic news and light trading as Wall Street headed home early for the Christmas holiday.
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London equities stayed in neutral gear on Friday, after news of stronger-than-expected third quarter GDP growth dashed hopes of an interest rate cut in November.
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London equities closed higher on Monday after upbeat broker comment helped property stocks bounce back.