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Market Update

European Markets Slightly Up

European markets were up Monday tracking gains in global markets after U.S. economic growth data spurred Wall Street to all-time highs last week Friday.

The FTSE was up 0.4%. The CAC 40 Paris was flat while the German DAX was up 0.3%.

Earlier today, data showed Germany's import price index rose more-than-expected in the last quarter.

Late last week, the IMF said the U.S. economy would grow at a faster clip than it previously estimated.

Stocks on the Move

Chip-maker ARM Holdings PLC which designs chips for Apple's iPhones, was up 2.7% in London after Apple struck a deal to sell its iPhones through China Mobile.

BNP Paribas was up 0.4% while Societe Generale put on 0.3%.

Lanxess AG rallied 2.2% after its CEO said the company would meet its full-year earnings estimates.

Elsewhere, Swiss watch-maker Swatch was up 0.8% after it won an arbitration award of CHF402 million from Tiffany & Co.