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European shares hit a 5-month high on strong earnings, dovish ECB

Stocks gains were also underpinned by strong earnings that boosted bank shares such as UBS and Royal Bank of Scotland, while tech stocks gained following upbeat earnings reports from US giants

Reuters  |  London 

European shares hit a five-month high on Friday as one the biggest weekly drops in the euro this year buoyed investors' moods. The euro fell after the European Central Bank signalled it would tread carefully as it removes stimulus, and as the dollar kicked higher on signs that US President Donald Trump is pushing ahead with tax cuts and could install a more hawkish head of the Federal Reserve. Stocks gains were also underpinned by strong earnings that boosted bank shares such as UBS and Royal Bank of Scotland, while tech stocks gained following upbeat earnings reports from US ...

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First Published: Fri, October 27 2017. 16:06 IST
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