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    European stocks finished modestly higher Thursday, recovering from losses that followed mixed manufacturing reports from the eurozone, including a figures pointing to slowing output growth in Germany, Europe's largest economy. The Stoxx 600 moved up 0.4% to 407.87, as all sectors shifted into the green. Still outperforming the pan-European benchmark was Booker Group PLC, with shares jumping 11.8% after the food wholesaler said it would return a further 62 million pounds to...

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    U.K. stocks clung to thin gains Thursday, with miners outperforming the benchmark FTSE 100 after the release of Chinese manufacturing data. Meanwhile, the British pound jumped following a strong monthly reading for British retail sales. Sterling: The pound leapt to $1.5673 from $1.5537 late Wednesday, after U.K. retail sales rose by a stronger- than-anticipated pace in April.

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    T-Mobile shares are up 3.10% to $36.30 in morning trading on Thursday after the CEO of Deutsche Telekom's, which holds a 66% stake in the company, said that it would consider merging with any partner that could improve the company's profitability.CEO Tim Hoettges made the comments today at the company's annual shareholders meeting in Cologne, German, perpetuating the global consolidation of the...

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    RIO DE JANEIRO, May 21 (Reuters) - The Brazilian real led losses among Latin American currencies on Thursday after a batch of weak economic data added uncertainty about the government's ability to meet a key budget savings target this year. The real lost more than 1 percent after data showed Brazil's unemployment rate rose in April to its highest in nearly four years, while economic activity weakened more than forecast in March. The data confirmed Brazil is headed to a recession this year, which will probably curb government revenues and make it more difficult for Finance Minister Joaquim Levy to meet a primary fiscal surplus target of 1.2 percent in 2015. Investors have been watching Brazil's fiscal performance, which also depends on a number of austerity measures subject to congressional approval, to make sure that the country will keep its coveted investment-grade rating. "The fiscal situation remains complicated, the economy is weak and the central bank seems to be less active in the market, so it's natural for the real to weaken today," said Glauber Romano, a trader with Intercam brokerage in Brazil. Brazil's central bank has been rolling over less than 100 percent of the currency swaps that expire early in June, removing some of the support it has been giving to the real. The swaps are derivatives that provide investors with protection against currency losses, easing demand for dollars in the spot market. Some traders bet the central bank may further slow down the rollover pace of currency swaps next month if the real remains near the 3-per-dollar threshold. The real last traded at 3.04 per dollar. Key Latin American stock indexes and currencies at 1530 GMT: Stock indexes daily % YTD % change change Latest MSCI Emerging Markets 1032.37 -0.36 8.34 MSCI LatAm 2647.7 -0.04 -2.89 Brazil Bovespa 54889.9 -0.02 9.76 Mexico IPC 45178.43 -0.23 4.71 Chile IPSA 4057.94 -0.54 5.37 Chile IGPA 19699.86 -0.51 4.40 Argentina MerVal 11863.5 1.15 38.29 Colombia IGBC 10650.98 0.34 -8.45 Venezuela IBC 6470.65 2.98 67.69 Currencies daily % YTD % change change Latest Brazil real 3.0371 -1.12 -12.50 Mexico peso 15.2353 -0.24 -3.22 Chile peso 604.5 0.00 0.31 Colombia peso 2485.4 0.02 -3.92 Peru sol 3.1461 0.25 -5.31 Argentina peso (interbank) 8.9625 0.00 -4.60 Argentina peso (parallel) 12.59 0.40 11.20 (Reporting by Walter Brandimarte and Bruno Federowski; Editing by Lisa Von Ahn)

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    Until this week, two major investment banks expected Europe's benchmark German Bund yield to turn negative this year. Citi abandoned its call for the 10-year Bund yield to fall to -0.05 percent this year, leaving Royal Bank of Scotland sticking with its prediction of -0.13 percent by the end of the year.

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    Shopify Inc. (SHOP) shares surged 50% on their first day of trade Thursday, climbing above $25 from their initial public offering price of $17. The company, which makes software to power online sales for retailers, sold 7.7 million shares to raise about $131 million. Morgan Stanley, Credit Suisse and RBC Capital Markets were joint book-runners on the deal, with Pacific Crest Securities, Raymond James and Canaccord Genuity acting as co-managers. The Ottawa, Canada-based company listed...

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    Unusually, it has been Germany in the spotlight in the eurozone government bond market this year--first for the relentless decline in Bund yields and then for their sharp reversal. But these dynamics may have created opportunities in southern Europe. Bonds from Spain and Italy haven't been immune to the turmoil in Germany.

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    * TSX up 112.86 points, or 0.75 percent, to 15,185.69. By Solarina Ho. Canada's main stock index rebounded on Thursday, lifted in part by a general upbeat tone among investors and higher crude prices that bolstered energy stocks for the third straight session.

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    * FTSEurofirst 300 edges 0.3 percent higher. * France's CAC outperforms German DAX after better PMIs. * Monte dei Paschi leads Italy lower. * German-listed Joyou slumps more than 80 percent. By Alistair Smout and Lionel Laurent.

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    * Dollar weaker on worsening manufacturing, housing data. * Some earlier dollar losses pared on positive labor data. * Investors wary about dollar bets after volatile selloff. * Euro gains as data signals nascent recovery. By Karen Brettell.

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    Shares of Shopify Inc (SHOP), a Canadian e-commerce software maker, rose as much as 69 percent in their trading debut on the New York Stock Exchange, valuing the company at up to $2.14 billion. The company's initial public offering of 7.7 million class A subordinate shares raised about $131 million, after it was priced at $17, above the top end of the expected range of $14-$16.

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    Canada's main stock index opened higher on Thursday, as higher crude prices helped lift energy stocks for the third straight session. The Toronto Stock Exchange's S&P/TSX composite index climbed 30.88 points, or 0.2 percent, to 15,103.71. Among the index's 10 biggest groups, only the tech sector was in the red.

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    * Saudi oil shipper Bahri surges as freight rates hit 2015 high. * Petrochemicals rise in line with oil. * Dubai's Emaar agains as Amlak set to resume trading. * Egypt's bourse rallies again after profit-taking bout. * Developer SODIC surges on bullish outlook. By Olzhas Auyezov.

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    * Canadian dollar at C$1.2224 or 81.81 U.S. cents * Bond prices mostly lower across the maturity curve TORONTO, May 21 - The Canadian dollar softened against its U.S. counterpart on Thursday, with little domestic data to drive direction and with investors awaiting Canadian inflation and retail sales figures due on Friday.

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    For three high-flying Hong Kong stocks to crash in two days isn't just a moment to reflect on market manias. It's also a reminder of the limits of passively managing money in unevenly regulated markets. After solar company Hanergy Thin Film Power's 47% nose dive Wednesday, Goldin Properties and Goldin Financial (GDFNF), both part of the same family, dropped about 40% Thursday.

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    * French PMI bolsters euro in European trade. * Sterling up 1 pct vs dollar after retail sales beat. * Fed minutes confirm June rate hike very unlikely. By Anirban Nag. The euro rose against the dollar on Thursday for the first time this week, helped by nascent signs of a recovery in euro zone activity and a rise in German Bund yields which narrowed the spread over U.S. Treasuries.

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    * FTSEurofirst 300 down 0.1, Germany underperforms. * Mining stocks buoyed as stimulus hopes lift metals prices. * Tesco gains on report of South Korean unit sale. * Raiffeisen falls after results. * German-listed Joyou slumps more than 80 percent. By Lionel Laurent and Alistair Smout.

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    Euro zone bond yields rose on Thursday, reversing earlier falls, with strategists pointing to the reluctance of investors to take down new bond supply after weeks of sharp yield rises. German 10-year bond yields -- the euro zone benchmark -- rose as much as 6 basis points to a day's high of 0.68 percent, while all other yields were also up on the day.

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    Emerging stocks fell for the fourth straight session on Thursday after China posted weaker-than-expected data, though losses were less pronounced and some currencies strengthened as the dollar snapped its three-day winning streak.