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Article posted: 12/6/2012 7:28 AM

Euro stocks rise on U.S. optimism

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Christmas decorations and U.S. flags are displayed outside of the New York Stock Exchange in New York, Wednesday.

Bloomberg News

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:European stocks rose to an 18-month high on optimism U.S. lawmakers will reach a budget deal. Italian bonds retreated for a second day after support dwindled for Prime Minister Mario Monti's government.