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Stocks buoyed by cheery data after BOJ damp squib

Stocks buoyed by cheery data after BOJ damp squib
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GLOBAL MARKETS-Stocks buoyed by cheery data after BOJ damp squib

Also helped by a string of positive earnings updates, Europe's STOXX 600 index rose 0.4% to its highest level since April 2022. Three factors have propelled stock markets higher, said Andreas Bruckner, European equity strategist at BofA Global Research: an expectation for a dovish pivot from the U.S. Federal Reserve, economic data that showed companies working overtime to deal with order backlogs, and China's economy re-opening faster than expected from COVID-19 lockdowns.

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