Updated from 4:33 a.m. EST
NEW YORK (
) -- Asian stocks ended higher and European shares rose Thursday as reports say Greece could be on the verge of receiving a bailout.
China shares gained as consumer prices rose 1.5% in January, down from 1.9% in December. With inflation cooling, investors hoped China wouldn't stick to it plan to stem economic growth.
Shanghai's benchmark index rose 0.1%, while the Hang Seng in Hong Kong climbed 1.9%. Markets in Japan were closed for a holiday.
In Europe, stocks were higher as European leaders were gathering in Brussels to discuss taking action on Greece's debt crisis.
The FTSE in London rose 1%, while the DAX in Frankfurt gained 0.3%.
Premarket futures suggested stocks in the U.S. would rise when Wall Street opens Thursday.
U.S. stocks fell Wednesday.
-- Reported by Joseph Woelfel in New York.
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