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Europe Markets: European stocks rise as OPEC prospects cheer oil shares; DAX in bull-market territory

European stocks rose Tuesday, as Germany’s benchmark traded in bull-market territory, and with gains in telecom and oil shares keeping the region’s key index near a two-week high.

The Stoxx Europe 600 SXXP, +0.37% picked up 0.3% to 342.60, as all sectors rose. The pan-European benchmark on Monday closed up less than 0.1% , enough to notch its best close since July 27, FactSet data showed.

“Sentiment remains upbeat for global equities mainly because of the actions of central banks, rebounding oil prices and the mostly better-than-expected US corporate earnings results,” said Fawad Razaqzada, market analyst at City Index, in a note.

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