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| - Europe's stock markets rose further Thursday as the European Central Bank kept the stimulus taps wide open, while Wall Street dipped despite a sharp fall in new US unemployment claims. In afternoon eurozone deals, Frankfurt stocks won 0.6 percent and Paris jumped 0.8 percent. "The mood in the market has seen a marked improvement," said OANDA analyst Sophie Griffiths. "Following a strong close on Wall Street, European bourses are playing catch up, adding to gains in the previous session." 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. 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, ECB chief Christine Lagarde said. She 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. The euro moved lower, trading at $1.2028, down from $1.2035 late on Wednesday. Meanwhile, Wall Street started the day off Thursday in reverse after making gains the day before, with the Dow giving up 0.4 percent. "US stocks are trading lower in early action on the heels of yesterday's rebound, with the markets continuing to grapple with optimism of strong 2021 economic growth and the implications of rising Covid-19 cases in pockets of the world," said analysts at Charles Schwab brokerage. The dip came despite a host of mostly better-than-expected earnings results and first-time jobless claims coming in at a pandemic-era low. Shares in Credit Suisse slumped 3.9 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. London - FTSE 100: UP 0.4 at 6,920.70 points Frankfurt - DAX 30: UP 0.6 percent at 15,285.93 Paris - CAC 40: UP 0.8 percent at 6,257.59 EURO STOXX 50: UP 0.8 percent at 4,009.56 New York - Dow: DOWN 0.4 percent at 34,006.57 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 $1.2028 from $1.2035 Pound/dollar: DOWN at $1.3855 from $1.3931 Euro/pound: UP at 86.84 pence from 86.39 pence Dollar/yen: UP at 108.11 yen from 108.08 yen Brent North Sea crude: UP 0.6 percent at $65.74 per barrel West Texas Intermediate: UP 0.7 percent at $61.79 per barrel burs-rl/lth
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