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Market Update

Europe: Shares Flat to Higher in Early Trade

Equities in Europe were trading with a positive bias early Thursday, following reports that said France and Germany had arrived over a Greek bailout deal.

At the time of writing, Britain's FTSE was flat, France's CAC and Germany's DAX were higher by 0.1%.

Stocks were higher after the Financial Times said France and Germany and agreed for a second bailout for Greece.

Financials were broadly higher: Barclays, Credit Agricole, Deutsche Bank and Societe Generale rose 0.4% to 2%. But miners BHP Billiton, Rio Tinto, Xstrata and Anglo American were off 0.7% to 1.6%.

In news-driven movers, AstraZeneca rose 3.5% in London after the FDA approved heart drug Brilinta in the U.S.

Paints-maker Akzo Nobel fell 1.5% following its earnings announcement.

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