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TeliaSonera AB

Apr 27, 2008

Techs, banks drive Europe higher after Ericsson results

“If (technology companies) are revealing strong demand in certain areas, that's important for the market. It's trying to gauge how deep the (economic) problems are in the U.S, and if this is feeding through elsewhere”

European shares ended higher on Friday for the third day in a row, after Ericsson's surprisingly strong performance lifted tech-sector peers, while gains from the banking sector also lent a helping hand. via MarketWatch

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