European indices edge higher as an unexpected decline in German
unemployment reassured investors about the outlook for the euro-zone
economy. But price data from the region fail to dispel entirely the
spectre of deflation, which in November nudged the European Central Bank
into its shock decision to slash rates to 0.25%. Among the main gainers
in the rising markets is Danish shipping company AP-Moeller-Maersk,
which predicted a $2.6 billion gain from the sale of supermarket
interests to a co-investor.
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