European Stocks Rise as Investors Await Economic Data

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ECONOMY,STOCK MARKET,EUROPE

European stocks opened the new year with gains, while Asian markets experienced declines led by China due to slowing economic data and concerns over US tariffs. Investors are now focusing on upcoming eurozone business activity data and risks like German elections and US trade policies.

European stocks rose on the first trading day of the new year, as investors awaited euro zone business activity data after the latest Chinese figures signalled a slowing economy.

Europe’s benchmark index declined last month, trimming its yearly advance to 6 per cent, amid concerns around economic growth and political uncertainty. Focus now turns to risks including upcoming elections in Germany and trade policies ahead of US President-elect Donald Trump’s inauguration later this month.

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