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Market Update

European Stocks Recover on Upbeat U.S. Data

European stocks moved higher Friday, recovering from sharp losses logged in the previous session, after gains in Asian and U.S. markets on heels of upbeat economic data in the world's largest economy inspired investor confidence.

The FTSE 100 was up 0.5% at 9:12 a.m. London time. The CAC 40 Paris gained 0.5% too while the DAX Frankfurt rose 0.9%.