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European stocks firm, global trade war in focus

European stocks rose in early trading on Friday as the trade row between the world's largest economies fueled with U.S. tariffs on $34 billion in Chinese imports taking effect and China immediately promising to respond.

Photo: Reuters

The pan-European STOXX 600 index was 0.1% higher at 382.12. 

Frankfurt's DAX was up 0.4% at 12,506.03 and Paris CAC 40 added 0.4% to 5,388.20.

Spain's IBEX 35 climbed 0.2% to 9,884.90 and the UK's FTSE 100 surged 0.3% to 7,628.15.

Among individual stocks, Britain’s Inmarsat led the decline, sliding 10 percent after it rejected a second bid from its U.S. rival EchoStar.

Germany’s Thyssenkrupp posted the strongest performance, rising 3.4 percent following its Chief Executive Heinrich Hiesinger's unexpected resignation.

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