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Deutsche Bank leads European stocks higher

FXStreet (Mumbai) - The stocks on the European indices climb further, after a steady start to the week, as the region’s indices cheered positive earnings report while strong gains in Deutsche bank also lifted overall sentiment.

The European equities completely ignored negative performance on their Asian counterparts after China's GDP data failed to impress markets.

Gains in Deutsche bank lifts sentiment

Germany’s, the DAX gains the most amongst its European rivals as upbeat corporate news pushed the stocks higher. Deutsche Bank announced over the weekend it would reorganize key management roles in the company to simplify operations. The shares of the German’s biggest lender climbed the most, +3.42%.

While lower metals and oil prices weighed on the mining and energy stocks in London, keeping the FTSE largely subdued. The major miners, including Anglo American and Glencore were losing -3.79% and -2% respectively.

Meanwhile, Germany’s DAX rises 0.81% to 10,186 points, while the UK’s FTSE trades flat at 6,376. Among the other indices, the French CAC 40 index gains 0.40% to 4,722, while the pan-European Euro Stoxx 50 index advances 0.43% to 3,284 points.

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