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Markets stand strong, shrug off China data

Squawk Box Live in Europe had all the market news as shares shrugged off weak Chinese PMI data after Wall Street rallied overnight.

The Nasdaq closed up over 2.2 percent, with the S&P not far behind with a positive 1.91 close. European stocks followed, with major indices opening in positive territory.

That's as China's Caixin/Markit manufacturing PMI fell to a six-year low in September, with the gauge for factory activity contracting to 47.2 its worst reading since March 2009.

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