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McDonald's Shares Up, Reports Strong Sales

McDonald's Corp reported stronger-than-expected sales rebound in January in Europe one of its biggest market for revenue. The shares of the company saw rise of nearly 3 percent in midday trading. Sales at restaurants in Europe open at least 13 months jumped 7 percent last month as Europe contributes about 40 percent of McDonald's revenue. In the United States sales rose 3.1 percent whereas sales in the Asia- Pacific, Middle East and Africa unit rose 5.2 percent.