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Independent, The (London), Jul 4, 2008
WORLD MARKETS
Shares rose as banks gained after a surprise shift in eurozone rate expectations, and pharma-ceuticals benefited from a move into perceived safe-haven assets. The ECB delivered an expected quarter- point rise in euro-zone interest rates but its President, Jean- Claude Trichet, hinted at no more imminenet rises. BNP Par-ibas and Soc Gen gained more than 4 per cent.
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