European indices edge higher as an unexpected decline in German unemployment reassured investors about the outlook for the euro-zone economy. But price data from the region fail to dispel entirely the spectre of deflation, which in November nudged the European Central Bank into its shock decision to slash rates to 0.25%. Among the main gainers in the rising markets is Danish shipping company AP-Moeller-Maersk, which predicted a $2.6 billion gain from the sale of supermarket interests to a co-investor.

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