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Europe markets open mixed; French stocks gain despite political upheaval

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European stocks edged lower shortly after the open Friday, as investors continue to monitor political instability in France and beyond.

index was the only major bourse to see gains on Friday morning, adding around 0.26% by 8:15 a.m. London time.gave a defiant speech

Direct Line's board on Friday said it would recommend a formal takeover offer from Aviva to shareholders, after the latter increased its bid for the company by 10%. The new offer values Direct Line at 275 British pence per share, representing a more-than 73% premium to the closing price on Nov. 27 — the day before news of the initial bid became public. It represents a 10% increase from Aviva's initial offer of 250 pence per share in November,"Direct Line shareholders would own approximately 12.5% of the issued and to be issued share capital of Aviva," the companies said in a statement.

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