European stocks higher on Asian cheer; H&M discards key target

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European stocks higher on Asian cheer; H&M discards key target

Investing.com - European stock markets rose Thursday, spurred on by gains in Asia overnight on optimism over the likelihood of additional Chinese stimulus.This follows a report from Bloomberg News that stated Chinese authorities were considering a $142 billion infusion to help big lenders, adding to the stimulus measures announced at the start of the week.

China is a major export market for Europe’s senior companies, which have suffered with the Asian giant’s economic slowdown.come in at -21.2 compared with the predicted -22.4. While better than expected, this still showed the German economy, the eurozone’s largest, is still struggling.

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