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European shares pare losses as yields and euro ease on U.S. dataEuropean shares closed off their daily lows Thursday as a rally in the euro and a sell-off in bonds paused, helped by some better-than-expected U.S. unemployment benefit claims data.That knocked the euro and lowered borrowing costs for European governments and firms, and boosted equities' attraction by lowering returns on bonds.JP Morgan Asset Management research shows a historically positive correlation between rising bond yields and positive equity returns when rates are moving up from a low base.
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