European shares close slightly higher on China stimulus prospects

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Source: Marketwatch
European equities ended a rather choppy session mostly in green area as hopes for Chinese monetary stimulus lifted investor sentiment. Stoxx Europe 600 climbed 0.8% and French CAC 40 index rallied 1.4%. Spanish benchmark IBEX 35 kept falling and dropped 2.3% yesterday pushed down by national banks. UK FTSE 100 gained 0.7% and German DAX jumped 1.2% supported by car makers. 
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Wed, 30 May 2012 06:43:03 GMT

German Consumer Price Inflation falls

According to Destatis, German annual inflation fell to its lowest level since December 2010, falling from 2.1 % in April to 1.9 percent in May, with decline in oil prices being the reason for decreasing CPI. The figures published on Tuesday may increase pressure on the ECB to consider new measures to stimulate Eurozne's economy, amid Greece political standoff and

Wed, 30 May 2012 07:59:03 GMT

Bank of Spain executive Ordonez will quit earlier

The governor of the Bank of Spain Ordonez decided to resign one month earlier in June 10, the central bank of Spain reported on Wednesday. Ordonez's successor will overtake his task of persuading investors Spain's banking industry won't need an overseas bailout. Spain's PM supported  governor's decision.

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