Global Stocks Rise; Europe Talks Greece - TheStreet

Global Stocks Rise; Europe Talks Greece

Asian stocks ended higher and European shares rose Thursday as reports say Greece could be on the verge of receiving a bailout.
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Updated from 4:33 a.m. EST

NEW YORK (

TheStreet

) -- 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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