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European shares hit 5-week highs

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LONDON, July 11 (Reuters): European shares hit five-week highs on Thursday, led by growth-sensitive stocks, after the chairman of the US Federal Reserve reaffirmed his commitment to easy monetary policy in the near-term.

The pan-European FTSEurofirst 300 rose 0.9 per cent to 1,120.38, its highest level since early June, after Ben Bernanke said that a "highly accommodative policy is needed for the foreseeable future" at a conference on Wednesday evening.
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