Europe stocks extend rally

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Europe stocks extend rally
LONDON (MarketWatch) -- European stock markets moved higher at the open on Wednesday, extending a rally seen the prior day and with investors eyeing earnings reports from major firms such as Barclays PLC and Heineken NV . The Stoxx Europe 600 index gained 0.2% to 293.45, after putting in its best daily performance since last summer on Tuesday. Peugeot SA rallied 8.8%, after saying it may cut costs if the market worsens. Barclays shares dropped 0.3% after the bank said first-quarter profit was hit by strategic revamp charges. Heineken lost 5%, after saying group beer volume declined in the first quarter. Among country-specific indexes, the U.K.'s FTSE 100 index rose 0.1% to 6,413.33, while France's CAC 40 index rose 0.4% to 3,799.37. Germany's DAX 30 index climbed 0.4% to 7,688.21.

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