European markets rose, with the Stoxx Europe 600 up 1.3% to recover most of the losses from the previous session, after data showed German business confidence increased much more than expected in February.

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European markets were broadly higher, with the Stoxx Europe 600 up 1.3% to recover most of the losses from the previous session, after data showed German business confidence increased much more than expected in February.

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But quickly re-energized to trade a session high as the same data from Germany, the backbone of Europe, showed strong activity (48.8 and 55.3 manufacturing and services PMI).

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