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| - Europe's stock markets rose further Thursday as the European Central Bank kept its stimulus taps wide open, while Wall Street was mixed despite a sharp fall in new US unemployment claims. Frankfurt stocks ended the day 0.8 percent higher and Paris climbed 0.9 percent. "European markets have been cheered by the continued dovish stance of the ECB and their decision to 'significantly' increase the pace of bond purchases for the second quarter," said Chris Beauchamp, chief market analyst at online trading platform IG. "This has, unsurprisingly, put pressure on the euro, which has edged back against the US dollar, but overall the continued support for the eurozone economy has bolstered investor enthusiasm for eurozone assets," he added. The euro traded at $1.2015, down from $1.2035 late on Wednesday. As widely expected, the ECB kept its kept its massive pandemic-fighting stimulus package in place as Europe's ailing economies are facing slow recoveries amid a resurgence of Covid cases and slow vaccination campaigns. ECB chief Christine Lagarde said the economic outlook in the eurozone remains "clouded by uncertainties" because of the coronavirus pandemic, but an accelerating vaccination campaign should bring about a "firm rebound" in 2021. She also stressed the need for EU governments to ratify a 750-billion-euro EU coronavirus recovery fund so it can be deployed to mitigate the impact of the coronavirus pandemic. Meanwhile, Wall Street went into reverse on Thursday after making gains the day before, with the Dow giving up 0.3 percent in late morning trading. "After seeing some decent gains yesterday US markets have opened slightly lower today, and appear to be struggling for direction, despite another set of weekly jobless claims which once again pointed to a decent recovery in the US labour market," said Michael Hewson, chief market analyst at CMC Markets UK. The dip came despite a host of mostly better-than-expected earnings results as well as the weekly first-time jobless claims coming in at a pandemic-era low. Shares in Credit Suisse shed 2.1 percent after the Swiss banking giant suffered a first-quarter loss on fallout from the bankruptcies of British finance firm Greensill and US hedge fund Archegos. Administrators overseeing Greensill's activities meanwhile declared its Australian parent group had entered liquidation. Asian stocks mostly clawed back the week's losses Thursday after Wall Street overnight broke a two-day dip that had been sparked partly by virus-fuelled jitters. Investors took the New York dip as a cue to buy, with the Dow rising back above 34,000 and closing in on last week's record finish. Further growth in US stocks is on the horizon in the coming days with analysts expecting a run of corporate results to give a clearer picture of the post-pandemic American economy. Tokyo led the Asian recovery with the Nikkei up 2.4 percent by the closing bell, despite an escalating coronavirus outbreak just three months before Japan hosts the pandemic-delayed Olympics. New York - Dow: DOWN 0.3 percent at 34,051.92 points EURO STOXX 50: UP 1.0 percent at 4,014.62 London - FTSE 100: UP 0.6 at 6,938.24 (close) Frankfurt - DAX 30: UP 0.8 percent at 15,320.52 (close) Paris - CAC 40: UP 0.9 percent at 6,267.28 (close) Tokyo - Nikkei 225: UP 2.4 percent at 29,188.17 (close) Hong Kong - Hang Seng Index: UP 0.5 percent at 28,755.34 (close) Shanghai - Composite: DOWN 0.2 percent at 3,465.11 (close) Euro/dollar: DOWN at $1.2015 from $1.2035 Pound/dollar: UP at $1.3841 from $1.3931 Euro/pound: UP at 86.79 pence from 86.39 pence Dollar/yen: UNCHANGED at 108.08 yen Brent North Sea crude: UP 0.4 percent at $65.57 per barrel West Texas Intermediate: UP 0.4 percent at $61.57 per barrel burs-rl/har
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