China sends global stocks on rally

Asian and European stocks churned higher Wednesday on strong Chinese trade data, building on the previous day's solid gains driven by soaring oil prices, while US stocks rose on upbeat bank earnings. "A sparkle returned to European trading on Tuesday with major indices buoyed by strong trade data from China and oil prices trading at fresh 2016 highs," said CMC Markets analyst Jasper Lawler. In afternoon deals, the resources-heavy London stock market won 1.6 percent, while Frankfurt rose 2.0 perc