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EUROPE MARKETS: Europe Stocks Rise As U.K. Avoids Recession

European stock markets posted their longest winning streak of the year on Thursday, after U.K. economic-growth data beat expectations, showing the nation didn't slip into a triple-dip recession.The Stoxx Europe 600 index rose 0.8% to close at 296.88, extending gains into a fifth straight session.Shares of British American Tobacco PLC (BTI) added 1.2%, after the firm said first-quarter revenue went up 5% at constant exchange rates. Additionally, the board said it's confident of another year of earnings growth in line with long-term strategic goals.Shares of Kazakhmys PLC jumped 4.3%. The miner said it's on track to meet its full-year copper output target.Shares of Banco Santander SA (SAN) dropped 2.4%, after the bank said first-quarter net profit dropped 26%, hit by tough economic conditions in key markets, especially Spain and the U.K.European stocks erased losses in midmorning action after data from the U.K. Office for National Statistics showed the economy expanded by 0.3% in the fir...

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