MarketWatch | European Markets at Close Report ( December 5, 2012 ): Europe stocks up on China optimism; Nokia rallies Nokia shares rally on China partnership news
By Sara Sjolin , MarketWatch LONDON (MarketWatch) — European stock markets moved higher on Wednesday, as China’s new leaders implied they would continue their supportive policy stance, although concerns over stalled U.S. budget negotiations capped gains. The Stoxx Europe 600 index XX:SXXP +0.24% rose 0.2% to close at 276.91, gaining ground for a third straight day. Can China's top leaders be humble? China's new party chief, Xi Jinping, seeking to improve the top leaders' public image, introduced a list of do's and don'ts for them. The WSJ's William Krazer discusses the likelihood that the leaders will pay attention. “We have recently had good news out of China, starting this week with good manufacturing data. But equally you also have to say that there remains major concerns in the market, highlighte