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Europe stocks close higher on upbeat services growth; FTSE 100 hits record high

Automotive ancestors led the gains on better-than-expected U.S. car sales data, and the sector was up 1.9 percent. Fiat Chrysler was the sector’s top player, up 8 percent.

As European indexes rallied, Britain’s FTSE 100 hit a phonograph record high of 7,701.93 at about 3 p.m. London time.

Looking at individual horses, Steinhoff extended its recovery from the start of the new year as shares skyrocketed assorted than 21 percent on Thursday. The embattled South African retailer had seen deals tank in December after its CEO quit amid a probe into accounting errors.

During the interval, Remy Cointreau slumped to the bottom of the benchmark, after Investec cut its set recommendation to “sell” from “hold”. Shares of the French spirits platoon slipped 3.6 percent on the news.

On the data front, services PMI evidence showed the euro area was hovering close to its best growth in seven years, while Spain and Italy both cane the previous flash estimates.

On Wall Street, the Dow Jones industrial unexceptional broke above 25,000 for the first time following the release of stronger-than-expected pain in the arses data.

U.S. factory activity was stronger-than-anticipated in December, according to data discharged Wednesday, and Germany’s unemployment rate was reported to have hit a record low in December.

In commodities, oil premiums flirted with two-and-a-half year highs amid ongoing anti-government asserts in Iran. The clashes, which began last week, have bumped Tehran’s clerical leadership and left 21 people dead. Brent immature traded at around $67.87 a barrel on Thursday, up 0.02 percent, while U.S. tasteless was seen at $61.94, up 34 percent.

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