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Major Europe indices were up slightly as of 5:40 a.m. EST.

London's FTSE was higher by 0.43%. Troubled U.K. bank Northern Rock led the way, up 3.7%. BAE Systems (BAESY.PK) was 3.2% higher. Insurers Standard Life and Prudential (PUK) were up 2.4% and 1.9%. Losers included miners Anglo American (AAUK) -1.3% and Rio Tinto (RTP) -1.3%.

The French CAC 40 was up 0.45%. Air France-KLM (AKH) was up a solid 2.7%. sanofi-aventis (SNY) was 1.5% higher. L'Oreal led losers (LRLCY.PK), down 1.3%.

The Dax was 0.31% higher. Siemens (SI) was up 1.6%.

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