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Share report: markets up on US optimism

UPDATE: European stocks rose for the first time in four days amid signs US lawmakers will agree on a compromise deal to avoid an unprecedented default.

10th October, 2013
In Dublin, the Iseq index was up 1.2 per cent.

European stocks rose for the first time in four days, with the Stoxx Europe 600 Index rebounding from a one-month low, amid signs US lawmakers will agree on a compromise deal to avoid an unprecedented default.

“US investors do seem to believe that the chances of a short-term increase in the debt ceiling are increasing,” Ian Williams, a market strategist at Peel Hunt in London, wrote in a note to clients.

In Dublin, the...

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