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Europe Stocks Close Mixed After US Jobs Data

Thursday, 9 May 2013 | 11:39 AM ET
European Market Closes Mixed
Thursday, 9 May 2013 | 11:30 AM ET
European shares closed mixed on Thursday after better-than-expected jobs data from the U.S.

European shares closed mixed on Thursday after better-than-expected jobs data from the U.S.

Key European indexes pointing in opposite directions at the close, as investors paused for breath after the recent "risk-on" rally. The FTSE 100 closed unofficially up 0.2 percent, the Cac 40 closed down 0.6 percent and the Dax closed up 0.2 percent. Thursday was a quiet day for trading in several northern European countries, which were shut for a public holiday.

Stocks got a slight boost in the afternoon after government data showed U.S. weekly jobless claims fell to their lowest level since 2008. Economists polled by Reuters had forecast a rise in applications.

  Name Price   Change %Change Volume
FTSE
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DAX
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CAC 40
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IBEX 35
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In the U.K., the Bank of England's Monetary Policy Committee (MPC) announced it was keeping interest rates unchanged at the historic low of 0.5 percent, and will not add to its current quantitative easing program. The U.K.'s FTSE 100 Index staged a small rally before the announcement, but quickly fell back afterwards.

Meanwhile, Italy's benchmark bourse lagged European peers, after Banco Popolare di Milano slumped 8.9 percent on concerns that plans to convert the cooperative bank to a joint-stock company could be delayed or cancelled.

  Price   Change %Change
FTSE
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DAX
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CAC 40
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FTSE EUR 300
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FTSE MIB
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