European stocks rallied on Wednesday to hold near two-week highs amid hopes of progress in Russia-Ukraine peace talks even as Russia escalated its bombardment of the Ukrainian capital and launched new assaults on the port city of Mariupol.
Investors were also tracking a sharp rebound in mainland China and Hong Kong shares after China promised to roll out more economic stimulus.
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Business News
April 17, 2026 15:29 ET The ongoing conflict in the Middle East continues to raise concerns for policymakers who worry about the impact of the supply shock and high energy prices on the real economy. Producer price data and various survey results on the housing market were the main news from the U.S. this week. In Europe, industrial production data for the euro area gained attention. GDP figures out of China and the policy move by the Singapore central bank were in focus in Asia.