LIVE MARKETS-Big bounce, MDAX stands out

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BIG BOUNCE, MDAX STANDS OUT

Stimulus news from Germany and China is powering up European shares on Wednesday, helping set aside concerns over escalating trade tensions that caused Tuesday's widespread battering.

The STOXX 600 .GDAXI was last up 1.5% and Germany's bluechip DAX .GDAXI index rose 3.4%, although their gains were still not enough to lift them to new record highs.

Topping the charts were German midcap stocks, which look set to benefit from any domestic recovery more than the internationally oriented blue chips. The MDAX index .MDAXI was last up 6.5% to its highest since June 2022.

There was a good mood in London too, but moves were less exuberant. The FTSE 100 .FTSE gained 0.7%.

Here is your opening snapshot:

(Danilo Masoni)

EARLIER ON LIVE MARKETS:

EUROPE BEFORE THE BELL: "A REALLY BIG BAZOOKA" CLICK HERE

TARIFFS STAND OUT AMID MENAGERIE OF MARKET DRIVERS CLICK HERE