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European Shares Rise In Thin Holiday Trade

June 3, 2022

European stocks rose in thin trade on Friday, with the U.K. market closed for the Queen’s Platinum Jubilee celebrations.

Sentiment was underpinned by encouraging German retail sales data released earlier in the day.

German exports advanced 4.4 percent on a monthly basis in April, in contrast to the 3.0 percent decline posted in March, data from Destatis showed.

Shipments were expected to grow only 1.5 percent. Year-on-year, exports growth improved to 9.2 percent from 8.5 percent.

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