LONDON: European shares advanced to a 2005 high Thursday after the first interest-rate hike on the Continent in five years, as markets interpreted comments from European Central Bank Jean-Claude Trichet to mean that there would only be a limited number of subsequent rate hikes and as energy sector and M&A moves offered support.
The German DAX 30 index added 1.4 percent at 5,266, France's CAC 40 added 1.5 percent at 4,636 and the U.K.'s FTSE 100 gained 1.2 percent at 5,486.
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