Barclays has identified a handful of European stocks poised to benefit from China's anticipated economic stimulus measures.
Mainland Chinese stocks jumped on the news.
The investment bank suggested that China's current economic climate resembles April 2024, when Chinese and China-exposed stocks experienced a significant rally.
According to Barclays, U.K.-headquartered insurer Prudential , cosmetics giant L'Oreal , carmakers BMW and Mercedes , and miner Rio Tinto are among the top European stocks that could benefit from China's stimulus efforts.
China's recent economic challenges have been evident, with the country experiencing its longest period of deflation since 1999.
Persons:
Anshul Gupta, Larry Hu, Hu, — CNBC's Michael Bloom, Evelyn Cheng
Organizations:
Barclays, People's Bank of China, Prudential, L'Oreal, carmakers BMW, Mercedes, Rio Tinto, U.S, Prudential plc, Macquarie
Locations:
China, Rio, China's