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European equities and Wall Street index futures rose after indebted Chinese property developer Evergrande said it had struck a deal on a domestic debt payment, soothing fears of a credit crisis in the world’s second-largest economy.
European stock markets and Wall Street stock index futures rose. Earlier, the debt-laden Chinese real estate developer Evergrande said it had reached a domestic debt repayment agreement, alleviating concerns about a credit crisis in the world‘s second largest economy.
The regional Stoxx Europe 600 index gained 0.8 per cent in early trading, while London’s FTSE 100 added 1 per cent as energy and mining stocks rallied.
The Stoxx Europe 600 rose 0.8% in early trading, the FTSE 100 in London rose 1%, and energy and mining stocks rose.