In European trading today, major indices closed with modest gains, as investors weighed mixed economic data against corporate earnings reports. The FTSE 100 in London edged up by 0.3%, while the DAX in Frankfurt and the CAC 40 in Paris both added around 0.2%. Among individual stocks, Kingfisher rebounded after announcing a profit warning earlier in the week. The home improvement retailer's shares had taken a hit, but today investors saw potential in the company's plans to streamline operations and cut costs. Conversely, Direct Line Group plummeted by 11%, following news of an unexpectedly large loss for the insurance firm in its latest quarterly report. Despite these swings, overall market sentiment remained positive as traders looked forward to next week's Federal Reserve meeting for guidance on interest rates.
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