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DFM drops on bets rally overdone on Europe

DUBAI — Dubai’s stocks retreated for a fifth day for the longest stretch of declines since November on speculation this year’s rally was overdone as Europe’s credit crisis damped investor appetite for riskier assets.

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Euro rises on German Ifo, gains seen fragile

The euro rose on Friday after a better-than-expected a German business sentiment survey, but gains looked set to be capped by concerns over Spain’s finances and uncertainty ahead of the first round of French presidential elections on Sunday.

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