Europe close: Stocks run higher on strong Chinese data, Basel III bank rules

Stocks finished higher, led by a big push in bank stocks following news of a compromise on global financial sector regulation and on the heels of positive Chinese export data for November. At the closing bell, the benchmark Stoxx 600 was up by 0.73% or 2.84 points to 389.25, alongside a gain of 0.83% or 108.55 points to 13,153.70 for the German Dax and a smaller 0.28% or 15.23 point advance in the Cac-40 to 5,399.09. Notably, the Stoxx 600 gauge of lenders' shares climbed 2.30% or 4.18 points to ...

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