GLOBAL MARKET NEWS - EUROPEAN MARKETS
Riskier basic resource stocks led a bounce in European equities on Friday, having fallen in the previous session, as in-line China growth data prompted some to expect it to lead to further growth stimulus measures.
Riskier basic resource stocks led a bounce in European equities on Friday, having fallen in the previous session, as in-line China growth data prompted some to expect it to lead to further growth stimulus measures.
By 0701 GMT, the FTSEurofirst 300 was up 3.52 points, or 0.3 percent, to 1,032.34, having shed 1 percent on Thursday, with the index managing to keep within its recent tight range between 1,030 and 1,050.
The main catalyst for Friday's rise came overnight as China met expectations of growth of 7.6 percent in the second quarter from a year earlier.
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