European stocks take heart from improving growth outlook

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LONDON: European stock markets mostly rose on Wednesday (Apr 17) as strong data from the world's two top economies sparked fresh hope for the ...

LONDON: European stock markets mostly rose on Wednesday as strong data from the world's two top economies sparked fresh hope for the growth outlook.US numbers released before Wall Street's opening bell showed that the trade deficit in February fell to its lowest level in eight months, thanks in part to rising aircraft and auto exports, according to government data released on Wednesday.

"And if a trade deal is struck in the coming months with the US, as many expect, perhaps things could even improve."ThinkMarkets analyst Naeem Aslam added that the data handed a boost to the overall outlook. Eurozone stock markets were firmly in positive territory at the close, while London lagged its peers as the pound strengthened.

 

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