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European stocks climbed to a 10-week high Wednesday led by banks ahead of an update on U.S. tax reform, while Alstom shares surged after its rail merger with Siemens.The pan-European STOXX 600 gained 0.3 percent to hit its highest level since July 20, while eurozone stocks rose 0.4 percent. Banks hit a six-week high, up 1.3 percent, as the prospect of fiscal stimulus in the U.S. resurfaced, with all eyes on President Donald Trump's update on tax reform plans expected after European trading hours.Alstom pared early gains to rise 4.6 percent, while Siemens led gains on the DAX, up 2 percent.
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