Investing.com – European stock markets rose Tuesday, boosted by more stimulus measures from major export market China, but concerns over the region’s growth outlook have limited the gains.
At 03:05 ET (07:05 GMT), the in Germany traded 0.9% higher, the in France rose 1.4% and the in the U.K. climbed 0.6%.
Chinese stimulus lifts mood
European equities have received a largely positive handover from Asia after Chinese officials unveiled a slew of planned measures to spur economic growth, with the People’s Bank set to cut reserve requirements for banks by 50 basis points to unlock more liquidity.
Tuesday’s moves come after the PBOC had on Monday cut a short-term repo rate to further boost liquidity.
The moves are aimed squarely at shoring up economic growth, as the Chinese economy struggles with persistent disinflation and an extended property market downturn.
China is a major export market for a number of Europe’s…
