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Ishaq Siddiqi, market strategist at ETX Capital, said: European markets recovered later in the afternoon as US stock indices advanced thanks to comments by high profile US fund manager David Tepper saying he is bullish on equities on CNBC TV.
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The S.& P. Consumer Staples index advanced 1.1 percent.
The Philadelphia semiconductor index advanced 23percentt last week.
Morgan Stanley Capital International's world index advanced 0.1percentt.
For the week, most major indexes advanced solidly.
The Standard & Poor's index advanced 20.42 points, to 929.01.
Morgan Stanley Capital International's world index advanced 0.6percentto to 910.28, in London.
The Nasdaq composite index advanced 19.77 points, to 1994.15.
The index advanced 1percentt in the year to May.
The Standard & Poor's index advanced 7.04 points at 915.39.
The Standard & Poor's 500-stock index advanced 11.04 points, to 796.32.
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