European stocks made tentative gains Thursday as hopes of substantial fiscal stimulus from the incoming U.S. administration and positive data out of China boosted sentiment.
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The pan-European Stoxx 600 inched 0.3% higher by early afternoon trade, with autos climbing 2.1% to lead gains while telecoms and utilities slid 0.6%.
European markets started the trading day on a cautious note, as investors monitor the ongoing battle with a rise in coronavirus cases. Vaccination rollouts across the Continent have raised hopes that an end to the pandemic is on its way, however.
