European shares eased, having already recouped all their losses from an 8 percent drop last week.
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European shares posted a broad-based rally as China led gains in global equities amid speculation that state support would limit its market turmoil.Daimler AG, BMW AG and Volkswagen AG rose at least 2.5 percent. Commerzbank AG increased 6.8 percent after JPMorgan raised the German lender to overweight, similar to buy, from neutral, and added it to its list of top picks among European banks. Amlin Plc soared 33 percent after MS&AD Insurance Group Holdings Inc. agreed to buy the Lloyd's of London insurer. Chinese stocks rallied Tuesday for the first time in five days on speculation state-backed funds bought shares after a weak trade report.Glencore Plc added 4.4 percent as JPMorgan Chase & Co. raised its rating.
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