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European shares rise in early trading, Germany lags broader rally

Published 05/02/2021, 09:16
Updated 05/02/2021, 09:18
© Reuters.

(For a Reuters live blog on U.S., UK and European stock
markets, click LIVE/ or type LIVE/ in a news window)
Feb 5 (Reuters) - European stocks rose on Friday, tracking
an upbeat sentiment from Wall Street on hopes of faster global
economic recovery, while Frankfurt shares lagged after data
showed a decline in industrial orders.
The STOXX 600 .STOXX gained 0.2% and was set for its
longest winning streak since late December. The index is also up
3.5% for the week, on track for its best weekly performance
since November.
Markets around the world were higher on expectations of a
large stimulus by U.S. President Joe Biden's administration.
MKTS/GLOB
Germany's DAX index .GDAXI fell 0.1% after data showed
orders for German-made goods fell more than expected in
December, ending a seven-month streak of positive data as
restrictions to contain the COVID-19 pandemic dragged down
demand from other euro zone countries. Sanofi SA SASY.PA gained 2.6% as the French drugmaker said
it aimed to grow earnings per share this year after posting
stronger-than-expected quarterly results. BNP Paribas BNPP.PA fell 0.4% as charges linked to the
pandemic ate into the lender's net profit in the fourth quarter.

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