Investing.com - European stock markets rose Tuesday, boosted by more stimulus measures from major export market China, but concerns over the region’s growth outlook have limited the gains.European equities have received a largely positive handover from Asia after Chinese officials unveiled a slew of planned measures to spur economic growth, with the People’s Bank set to cut reserve requirements for banks by 50 basis points to unlock more liquidity.
The moves are aimed squarely at shoring up economic growth, as the Chinese economy struggles with persistent disinflation and an extended property market downturn. The slump appeared broad-based with Germany, Europe's largest economy, seeing its decline deepen while France - the second biggest - returning to contraction.cut its key interest rates by 25 basis points earlier this month, after a similar move in June, and this slowdown could raise bets on further policy easing in October.) has been using derivatives to more than double its potential stake in the German lender before obtaining regulatory clearance for an actual holding of more than 9.9%.
UniCredit is seeking ECB approval to increase its Commerzbank holding to just below the 30% which triggers a mandatory takeover under German corporate laws.Crude prices rose strongly Tuesday, boosted by the fresh monetary stimulus from top importer China as well as escalating tensions in the Middle East.China's central bank announced broad monetary stimulus earlier Tuesday, boosting hopes of increased demand for crude from the world’s largest importer as economic activity increases.