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By Martin Baccardax | February 5, 2013 3:22 AM PST

European shares recovered some of Monday's steep losses after two private surveys of economic activity around the region and in the United Kingdom suggest a modest recovery for the first quarter of this year.

Britain's FTSE 100 was also supported by stronger-than-expected earnings from BP, Europe's second biggest oil company, which helped the index retrace some of its triple-digit losses from Monday.

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