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European stocks rose Tuesday, sending the Stoxx Europe 600 Index to its highest level since May 2008, as German unemployment fell the most in two years and Ireland returned to the bond market after completing a bailout program.The gauge surged 17 percent last year to 15.4 times estimated earnings of its constituents, exceeding the five-year average of 12.1 times, according to data compiled by Bloomberg.Banco Espirito Santo SA advanced 5.7 percent to 1.20 euros, its highest price since September 2011 . Banco BPI SA gained 4.1 percent to 1.39 euros.In Madrid, Banco Popular Espanol SA climbed 6.5 percent to 4.95 euros. CaixaBank SA jumped 7 percent to 4.14 euros.Vestas Wind Systems A/S climbed 6.1 percent to 197.40 kroner, the highest price since April 2011 for the world's biggest wind-turbine maker.Hugo Boss slid 2.2 percent to 100.10 euros.
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