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European Shares Inch Higher On Strong US Data

(RTTNews) - European stocks were seeing modest gains on Thursday as positive data from the United States, including consumer data and jobless claims that hit the lowest level for over five decades, helped offset worries about soaring coronavirus cases across the continent.

Investors, meanwhile, shrugged off data showing that the German economy expanded slightly less than estimated in the third quarter.

Gross domestic product grew 1.7 percent sequentially in the third quarter, instead of 1.8 percent estimated on October 29, revised data from Destatis showed.

The pan European Stoxx 600 rose 0.4 percent to 481.67 after ending flat with a positive bias on Wednesday.

The German DAX gained 0.4 percent, France's CAC 40 index inched up 0.3 percent and the U.K.'s FTSE 100 was up 0.2 percent.
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