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Europe close: Stocks bounce back ahead of key EU leaders summit
Stocks on the Continent clawed back some of their recent losses on Wednesday, helped by news of further economic relief measures on the other side of the Pond, even as investors waited on a meeting of European Union leaders the next day to decide on a package of additional stimulus measures for the euro area.
Weekly US oil inventories jump, imports slip
US crude oil inventories registered another sharp rise during the previous week, although there were some slight signs that market fundamentals were starting to align themselves with the reduced amount of storage capacity left.
Thursday preview: EU leaders' summit, Unilever in the spotlight
The focus on Thursday will be on a key teleconference between European Union leaders to try and thrash out an economic relief package that some reports say could reach as high between €1. 0-1. 5trn in size.
Europe midday: Stocks find their footing but euro area periphery debt under pressure
Stocks on the Continent were exhibiting a modicum of stability on Wednesday, helped by news of further economic relief measures on the other side of the Pond even as investors waited on a meeting of European Union leaders the next day to decide on a package of stimulus measures for the euro area.