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EUROPE MARKETS: Europe Stocks Extend Gains; Germany Hits Record

European stock markets rose on Wednesday, after better-than-expected Chinese export data, while German stocks closed at all-time highs after upbeat industrial-production numbers.The Stoxx Europe 600 index added 0.6% to 303.67, building on a 0.3% gain from Tuesday.The index closed at the highest level since June 2008, extending gains seen last week when the European Central Bank cut interest rates to a record low 0.5% to boost the region's sluggish economy.James Ashley, senior European economist at RBC Capital Markets, said Wednesday's moves seemed justified on the back of positive data from Germany."The very latest data were a bit stronger than expected, with German industrial production data today and factory orders yesterday looking relatively healthy. It's consistent with the German economy returning to positive GDP growth in [the first quarter]," he said."But at an absolute level, I remain skeptical about these trading levels. If you think the macro-economic environment in western ...

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  1. EUROPE MARKETS: Europe Stocks Extend Gains, Germany Hugs Record

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