Traders work at their screens in front of the German share price index DAX board at the stock exchange in Frankfurt. REUTERS/Pawel Kopczynski
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European shares rose Wednesday after reaching 2015 lows as a bruising quarter ended, with a Chinese tax cut boosting automakers while miner Glencore rallied after saying it had no solvency issues. European equities still faced their poorest quarterly performance since the worst of the eurozone crisis in 2011, with stock markets having steadily lost ground on signs of a slowdown in China, the world's second-biggest economy.The pan-European FTSEurofirst 300 index and the eurozone's blue-chip Euro STOXX 50 index both rose about 2.5 percent. Talanx rose 6.1 percent after Commerzbank upgraded the German insurer to buy from hold while lifting its target price to 30 euros from 26.50 euros.
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