Markets Right Now: European stocks up as China fears ease – The News Tribune

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The Latest on developments in financial markets (all times local):

11:10 a.m.

European stock markets are posting solid gains after a positive session in Asia in the wake of Chinese inflation data that eased worries over falling prices in the world’s number 2 economy.

Mike van Dulken, head of research at Accendo Markets, says the inflation data have “gone some way to offset the market fears” that dragged markets lower Monday when soft Chinese trade data weighed on global stocks.

Germany’s DAX is up 1 percent at 10,080 while the CAC-40 in France has risen 1.1 percent to 4,369. The FTSE 100 index of leading British shares is 0.9 percent higher at 6,168.

Earlier, Asian stock markets broadly advanced. Japan’s Nikkei 225 index was the strongest performer, closing 2.2 percent higher as the dollar continued to rise against the yen. The lower currency is a potential boon to Japan’s exporters.