European Stocks Rise on Report of Potential New China Stimulus
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China-exposed European stocks rose Tuesday after a report that China may increase its budget deficit in 2023 as part of new stimulus.
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Miners Anglo American, Antofagasta, Glencore, and financial services firms Standard Chartered, HSBC, and Prudential rose 3-5%.
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Analysts said the potential China stimulus was seen as a positive catalyst for European assets.
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The report comes from Bloomberg citing sources.
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China's economy impacts global markets so new stimulus could provide a boost.