"Positive economic data from the U.S. and rumors of further stimulus from Chinese authorities is enough to lift the markets"
- Keith Bowman, an equity analyst at Hargreaves Lansdown Stockbrokers
European stocks closed in green on Wednesday after a report showed U.S. durable goods orders rose by more than expected in May and on speculation that China will introduce additional economic stimulus.
The Stoxx Europe 600 Index gained 1.35 per cent to 245.87. Germany's DAX Index added 1.50 per cent and France's CAC 40 Index rose 1.67 per cent. The U.K.'s FTSE 100 Index increased 1.41 per cent to 5,523.92.
"Today's move all boils down to the news related to the world's two largest economies" said Keith Bowman, an equity analyst at Hargreaves Lansdown Stockbrokers in London.
"Positive economic data from the U.S. and rumors of further stimulus from Chinese authorities is enough to lift the markets out of the doldrums that we have seen in recent days."
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