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Market overview: Stocks edge higher despite Greek jitters

LONDON (ShareCast) - 1630:Close UK stocks ended the session higher on the back of strong results out of Sky (Other OTC: BSYBF - news) and ARM Holdings (LSE: ARM.L - news) , although ABF weighed on the top flight index. Acting as a backdrop, traders continued to nervously monitor the situation in Greece. The yield on the country's 10-year sovereign bonds edged higher by 14 basis points to 13.45%. A negative research note from Barclays (LSE: BARC.L - news) weighed on mining stocks. FTSE 100 up 10.8 points to 7,062.93. 1518: Janus Capital (NYSE: JNS - news) 's Bill Gross says he sees potential for German bunds to be the 'short' of a lifetime.

1358: EU president Juncker says it is important not to let Greece fail but urges the country to make further efforts in the debt negotiations.

1301: Teva launches cash and shares bid for US rival Mylan (Berlin: 6MY.BE - news) . 1220: "If Greece does not capitulate, Europe has no choice but to kick Greece out...," Larry Fink, the head of US investment management giant BlackRock (NYSE: BLK - news) , said at a Singapore conference.

1000: The ZEW institute´s economic confidence gauge for Germany slipped in April to 53.3 (consensus: 55.3), after a reading of 54.8 in the month before.

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0949: Teva Pharmaceuticals may annnounce a bid for US rival Mylan as soon as today.

0918: Mining giants Rio Tinto (Xetra: 855018 - news) (-1.6%) and Anglo American (LSE: AAL.L - news) (-1.5%) are under the cosh as Barclays Capital lowered its ratings on the stocks to 'equal weight' and 'underweight' respectively after commodity downgrades across the board. "We have made the following changes to this year's price forecasts (in order of magnitude): iron ore -24%, nat gas -16%, nickel -15%, coking coal -8%, thermal coal -7%. All others are