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Article: Global stock gains limited by US inflation spike
- Article from:
- AP Online
- Article date:
- July 14, 2009
CopyrightCopyright 2009 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed. (Hide copyright information)
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European stock markets trimmed gains Tuesday, while Wall Street opened flat, after a surprisingly large spike in U.S. wholesale price inflation offset any cheer over upbeat corporate news.
In Europe, the FTSE 100 index of leading British shares was up 26.44 points, or 0.6 percent, at 4,228.57 while Germany's DAX rose 35.32 points, or 0.8 percent, to 4,757.66. The CAC-40 in France was up 28.57 points, or 0.9 percent, at 3,080.65, with trading volumes reduced significantly because of the Bastille Day national holiday.
On Wall Street, the Dow Jones industrial average was down 17.54 points, or 0.2 percent, at 8,314.14 soon after the open while the broader Standard & Poor's 500 index fell 1.2 ...