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European stocks climb on solid US jobs data

Europe's main stock markets pushed solidly higher on Friday as jobs data showed the recovery in the US economy has gotten over a winter cold. London's FTSE 100 rose 0.70 percent to 6,695.55 points. In Paris, the CAC 40 climbed 0.79 percent to 4,484.55 points, and the DAX 30 in Frankfurt gained 0.70 percent to 9,695.77 points. Madrid finished up 0.88 percent and Milan added 0.83 percent. Investors had been keenly awaiting March non-farm payrolls data to see if the US economic recovery will get back on track after a severe winter cold-snap dented activity.

European stocks advance for second straight day

Europe's main stock markets advanced strongly for a second day running on Wednesday as investors focused on upbeat economic data and set aside Ukraine-Russia worries, dealers said. Frankfurt's DAX 30 rallied 1.18 percent to 9,448.58 points, boosted by data showing German consumer confidence at a seven-year high in March. In Paris the CAC 40 index jumped 0.94 percent compared with Tuesday's close to 4,385.15 points. However, London's benchmark FTSE 100 index was broadly flat, carving out just a one-point gain, ending the trading session at 6,605.30 points.

European stocks advance for second straight day

Europe's main stock markets advanced strongly for a second day running on Wednesday as investors focused on upbeat economic data and set aside Ukraine-Russia worries, dealers said. Frankfurt's DAX 30 rallied 1.18 percent to 9,448.58 points, boosted by data showing German consumer confidence at a seven-year high in March. In Paris the CAC 40 index jumped 0.94 percent compared with Tuesday's close to 4,385.15 points. However, London's benchmark FTSE 100 index was broadly flat, carving out just a one-point gain, ending the trading session at 6,605.30 points.

US stocks score sharp gains ahead of January jobs data

US stocks surged Thursday amid optimism that the January jobs market report out early Friday will point to firm economic growth. The Dow Jones Industrial Average gained 188.30 points (1.22 percent) at 15,628.53. The broad-based S&P 500 added 21.79 (1.24 percent) at 1,773.43, while the tech-rich Nasdaq Composite Index tacked on 45.57 (1.14 percent) at 4,057.12.

European stocks climb despite Shell profit warning

Europe's main stock markets rose on Friday, with London making gains as strong retail sales data offset a profit warning from Anglo-Dutch energy giant Shell. London's benchmark FTSE 100 index ended the day up 0.20 percent at 6,829.30 points, while Frankfurt's DAX 30 rose 0.26 percent to 9,742.96 points and the CAC 40 in Paris gained 0.19 percent to 4,327.50 points.

Bank run at Tongyang Securities cools since crisis: data

SEOUL, Dec. 26 (Yonhap) -- Fund withdrawals by Tongyang Securities Inc. customers have declined sharply since the immediate aftermath of its parent firm Tong Yang Group's default in September, amid a move underway to sell the brokerage arm, data showed Thursday. The outstanding amount of deposits at Tongyang Securities stood at 2.3 trillion won (US$2.17 billion) at the end of November, equivalent to only 60 percent of the total it held in late September, according to the data by the Korea Investors Service Inc. (KIS).

Brokerages to keep cutting jobs amid falling profitability

SEOUL, Nov. 21 (Yonhap) -- South Korea's securities firms are anticipated to continue cutting jobs due mainly to their falling profitability amid the prolonged slump in the local stock market, data showed Thursday. According to the data compiled by Hyundai Securities Co., local brokerage houses' net operating income reached 9.8 trillion won (US$9.26 billion) in fiscal 2012, which ends in March, down 14.7 percent from a year earlier.

Barclays Europe retail aims for 500 million pounds profit after revamp

By Steve Slater LONDON (Reuters) - Barclays <BARC.L> retail operations in Italy, Spain, France and Portugal will return to profit in two years and could deliver 500 million pounds ($805 million) of annual earnings once a turnaround of the business takes hold. Barclays has already shut 443 of its branches in mainland Europe this year and will cut about 1,500 jobs across the business by the end of the year, achieving the bulk of a revival plan set out in February.

I'm buying more Barclays shares, says ousted boss Diamond

By Steve Slater LONDON (Reuters) - Bob Diamond, who was ousted last year as the boss of British bank Barclays Plc <BARC.L>, said it has grown stronger since he left and he plans to buy shares in its 6 billion-pound ($9.6 billion) rights issue. "I'm buying my rights, I'm bullish on Barclays ... Barclays has become a better and stronger institution," Diamond said on CNBC television on Friday. "It's got good strong new leadership in (Chief Executive) Antony Jenkins and (Chairman) Sir David Walker."

Nikkei choppy on government tax hike, Fed concerns; real estate shares up

By Ayai Tomisawa TOKYO (Reuters) - Japan's Nikkei share average was flat in choppy trade on Monday morning as concerns about whether the government will raise the consumption tax as planned kept most investors sidelined, while real estate stocks and construction shares gained. The Nikkei was flat in mid-morning trade, after rising as high as 13,741.49 and dipping into the red earlier. The index rose 2.2 percent on Friday.
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