Traders work on the floor of the New York Stock Exchange (NYSE) shortly after the opening bell in New York, U.S., August 9, 2016. REUTERS/Lucas Jackson
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Germany's top share index hit a new high for 2016 Tuesday as European shares advanced for a fifth straight session, boosted by new highs on Wall Street and strong results from companies like Munich Re. Germany's DAX closed up 2.5 percent, having hit 10,701.33, its highest level since the last trading day of 2015 .Outside Germany, shares of the telecoms group Altice surged 14.9 percent after the company said second-quarter core operating profit grew 2.7 percent, beating forecasts in a Reuters poll, as its Portuguese and U.S. businesses offset a decline in profitability at its subsidiary SFR.The European banking index rose 1.1 percent and Britain's leading banks index gained 1.3 percent, recouping all the losses in sterling terms it suffered after the Brexit vote.
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