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Market Update

European Stocks Rise on Global Cues

Shares in Europe edged up early, as Japanese markets gained for the third day as investors started picking up risk assets after last week's destructive earthquake and tsunami, which crippled power plants and brought the country to the verge of a nuclear meltdown.

At 2:00 p.m. (I.S.T.), Britain's FTSE, France's CAC and Germany's DAX gained 0.4% to 0.7%.

Stocks in Asia were mostly, led by Japan, as Japan's nuclear crisis appeared to easing, while the Bank of Japan moved to rein the rise of the yen--which has gained since the crisis--even securing the Group of Seven's approval on intervention.

Miners BHP Billiton, Rio Tinto and Xstrata rose 0.8% to 1.4% as commodity prices firmed up. Financials, however, were subdued across the region as new details of the bank stress tests to be carried out across financial institutions Europe were released.

In news-driven movers, Siemens AG rose 1.7% in Germany after a broker upgrade.

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