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Market Update

European Markets Up in Thin Trade

May 26, 2014

European markets were up Monday tracking gains in their Asian counterparts as investors focused on a speech from European Central Bank President Mario Draghi due later in Portugal.

The FTSE was closed for a public holiday. The CAC 40 Paris edged up 0.2% while the German DAX gained 1.1%.

Earlier this morning in Europe, the Gfk consumer climate index remained unchanged at 8.5 in May, in line with expectations.

In elections underway in the EU, anti-European Union and far-right parties performed well amid voter anger over high unemployment rates and austerity measures.

Stocks on the Move

French tech firm Atos SE was up 5.1% as it offered to buy out rival Bull for about 620 million euro. Shares of the target firm shot up 21.5%.

Alstom was up 0.4%.

Over in Frankfurt, Deutsche Bank was up 0.8%.

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