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Market Update

European Markets Extend Gains

European markets were trading higher for a second session on Wednesday as upbeat German data boosted investor confidence. Investors were also relieved that the People's Bank of China would step in to relieve liquidity conditions.

The FTSE 100 was up 0.5% at 9:11 a.m. in London. The CAC 40 Paris gained 0.9% while the DAX Franfurt rose 1%.