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.
Shares of Alibaba Group Holdings and Tencent Holdings saw a reprieve from recent heavy selling today after China's government tried to reassure jittery investors by promising support for its struggling real estate industry, internet companies and entrepreneurs.
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Business News
June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.