GLOBAL MARKET NEWS - EUROPEAN MARKET
European shares traded with solid gains early on Wednesday on speculation the European Central Bank could act to stimulate the economy and stem a deepening debt crisis in the euro zone.
European shares traded with solid gains early on Wednesday on speculation the European Central Bank could act to stimulate the economy and stem a deepening debt crisis in the euro zone.
Cyclical stocks lead gainers as investors bet the ECB, due to hold its policy meeting on Wednesday, could hint at an interest rate cut or a new round of cheap loans to banks to bolster a slowing European economy and ease concerns about banks in Spain and other peripheral countries.
The FTSEurofirst 300 of European shares was 0.8 percent higher at 961.13 points at 0707 GMT.
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