[BENGALURU] European stocks ended higher on Monday as trade-sensitive German equities took heart from surprisingly strong Chinese data after worries about domestic growth led to a shaky start.
"The markets rebounded as investors realised this affirms a growing conviction the ECB is getting ready to tee-up looser monetary policy," Stephen Innes, managing partner at Vanguard Markets, wrote in a note.The pan-European Stoxx 600 rose about 0.4 per cent in a choppy trading session, with sectors exposed to trade headlines including automakers, chemicals and basic resources companies topping gains.
Banking stocks ended flat, drawing little cheer from US lender Citigroup Inc's better-than-expected results, as Italian banks dragged.
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