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European stocks rise as stimulus set to flow

European equities rebounded on April 15, 2015, on Chinese stimulus hopesEuropean equities rebounded Wednesday as weak Chinese economic growth data stoked Beijing stimulus hopes while the ECB pledged to fully implement its stimulus measures. London’s benchmark FTSE 100 index rose 0.30 percent to 7,096.78 points, a new record high close. Frankfurt’s DAX 30 index edged up 0.03 percent to 12,231.34 points and the CAC 40 in Paris rose 0.70 percent to 5,254.35 points. In foreign exchange activity, the European single currency slid to $1.0613 from $1.0654 late in New York on Tuesday.

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