Chinese stimulus talk boosts beaten-up markets

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Reports that China is eyeing a fresh round of stimulus to boost growth in the country helped lift European stocks out of the doldrums Monday.

Chinese Premier Wen Jiabao said China will focus more on bolstering economic growth, spurring speculation the government will step up efforts to combat a slowdown in the world's second-largest economy. Fuelling the speculation, the China Securities Journal added stimulus could be introduced in the near term. The news gave markets an early morning boost, with the FTSE 100 up 0.5% to 5,294, having hit a sixth month low last Friday. The French Cac was also up 1.12%, in early trading and the EuroStoxx 50 was up 0.61% to 2,158. Gains today come after a bleak week for markets, which a...

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