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Global Stocks Rise as China Data, Yellen Comments Ease Growth Worries

Reassuring Chinese trade data coupled with comments yesterday from Fed boss Yellen boost global indices. In London Barclays leads the FTSE higher as investors applaud the lender’s retrenchment and cost-cutting program. But shareholders give contrasting reception to earnings bulletins from telecoms BT, of the U.K., and Germany’s Deutsche Telekom. And in Sydney a vehicle of Hong Kong tycoon Li ka-shing bursts into the bidding for pipeline operator Envestra.