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Market Update

Europe: Stocks Shrug Off Weak Open, Move Higher

Markets in Europe opened weak but shook off losses to trade flat to higher in early trade. Concerns over Greece's sovereign debt and a fresh downgrade of Italy's credit rating continued to weigh on sentiment.

At the time of writing, Britain's FTSE was trading 0.3% higher, France's CAC was down 0.1% while Germany's DAX rose 0.3%.