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6/6/05

Malta Times: European stocks at three-year high

The Malta TimesEuropean stocks at three-year high

The Eurofirst 300 posted its biggest monthly gain since October 2003 last month, boosted by improved economic data and solid earnings in both the US and Europe. The weaker euro helped European manufacturers and exporters like chemicals companies, which have significant costs in euros and sales in dollars. BASF rose 2.1 per cent, while Bayer added 2.3 per cent.

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