Europe stocks pare gains as Fed hike chatter dies down; China data positive

September 13, 2016 8:31 AM

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Europe stocks pare gains as Fed hike chatter dies down; China data positive

In Asia on Tuesday, markets were mixed, giving up earlier gains despite slightly better-than-expected China data that showed fixed-asset investment growth in August holding steady at 8.1 percent on-year, August industrial output rising 6.3 percent on-year and retail sales increasing by 10.6 percent on-year.

Despite the positive China data, oil prices dipped sharply on concerns over increased drilling activity in the U.S., which could add to the supply glut. Oil and gas stocks were broadly lower.

Also read: China to boost non-fossil fuel use to 20 percent by 2030: state planner

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