GLOBAL MARKET NEWS - EUROPEAN MARKETS
European equities bounced up from 2 012 lows on Tuesday, lifted by surprisingly strong German economic data, but concerns about the future of the euro zone and the possibility of Greece's exit from the bloc kept investors in a cautious mood.
The FTSEurofirst 300 was up 0.5 percent at 1,009.12 points at 0703 GMT after sinking as far as 998.62 in the previous session to levels not seen since December 2011.
The Frankfurt-based DAX rose 0.7 percent after data showed German gross domestic product grew 0.5 percent in the first quarter in seasonally adjusted terms - five times as fast as expected.
European equities bounced up from 2 012 lows on Tuesday, lifted by surprisingly strong German economic data, but concerns about the future of the euro zone and the possibility of Greece's exit from the bloc kept investors in a cautious mood.
The FTSEurofirst 300 was up 0.5 percent at 1,009.12 points at 0703 GMT after sinking as far as 998.62 in the previous session to levels not seen since December 2011.
The Frankfurt-based DAX rose 0.7 percent after data showed German gross domestic product grew 0.5 percent in the first quarter in seasonally adjusted terms - five times as fast as expected.
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