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Monday, July 15, 2013

Europe News - July 15, 2013

LONDON -- European stock markets rose at the open on Monday, after data showed the Chinese economy grew in line with expectations in the second quarter. Gross domestic product rose 7.5% in the quarter, below the 7.7% growth reported in the first quarter, but matching expectations in separate surveys of economists by Dow Jones Newswires and Reuters. The Stoxx Europe 600 index XX:SXXP +0.70%  added 0.5% to 297.64. Shares of Skandinaviska Enskilda Banken AB SE:SEBA +4.11%  jumped 4.5% after a well-received earnings report. Shares of French supermarket retailer Carrefour SA FR:CA +2.27%  rose 2.2% after Barclays lifted the firm to overweight from equal weight. Among country-specific indexes, France's CAC 40 index FR:PX1 +0.94%  gained 0.8% to 3,884.93, while Germany's DAX 30 index DX:DAX +0.67%  picked up 0.6% to 8,262.19. The U.K.'s FTSE 100 index UK:UKX +0.92%  added 0.7% to 6,592.16.

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