European Stocks Gain on Ukraine Deal Hopes; Growth Fears Linger
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European stocks advanced Wednesday after four days of declines as Ukraine accepted a ceasefire proposal brokered by the US, although worries about American economic growth lingered.
The Stoxx Europe 600 Index was up 0.8% by the close, although it pared gains of as much as 1.5% that were sparked by a report showing US consumer prices rose in February at the slowest pace in four months.