European stocks rally ahead of ECB meeting set to keep policy loose

April 15, 2015 10:47 AM

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PARIS, April 15 (Reuters) - European stocks rallied on Wednesday, with one regional benchmark hitting a level not seen since late 2000, ahead of a European Central Bank meeting at which the bank is expected to affirm its loose monetary stance.

Shares in France's Alcatel-Lucent dropped 13 percent, slipping back from its sharp rally on Tuesday as rival Nokia unveiled the details of its all-share takeover offer for Alcatel, which values it at 15.6 billion euros ($16.6 billion).

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