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European and Asian stocks rise on improved China industrial data

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Asian and European stock markets rose on Wednesday, steadying after losses this week, as investors welcomed improved industrial data from China.

Energy and industrial stocks were among those driving the benchmark CSI 300 index higher on Wednesday, up 1.3 per cent and 0.4 per cent, respectively. Investors turn to data on US durable goods orders, due later in the day, in hopes to gauge how the economy was faring more than a year after the Federal Reserve began its aggressive monetary tightening campaign to tame inflation.

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