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Markets latest: US averages pop; Europe, China soar

Our live blog has the latest news and analysis from global markets, as a stellar rally on Wall Street helped investor sentiment to rebound.

China's Shanghai Composite index fluctuated around the critical 3,000 mark on Thursday but closed higher by 5.3 percent—rising for the first time in six sessions.

European bourses, meanwhile, went sharply higher with the German DAX posting gains of over 3 percent. The U.S. markets, meanwhile, popped at their open, with the Dow adding about 200 points.

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