European stocks rally after slump

Frankfurt's DAX 30 jumped 1.45 percent to 11,081.75 points and the CAC 40 in Paris advanced 1.58 percent to 5,003.40 compared with Wednesday's close. "So fears of Chinese economic meltdown appear to have been allayed for the time being, evident in a broad stock market rally," said Augustin Eden, research analyst at Accendo Markets. Europe's main indices had slumped over the past two days, with Frankfurt and Paris both shedding more than three percent on Wednesday.