European Stocks Soar on Positive U.S. and China Data

European markets opened higher as investors assessed data from the US and China. Siemens Energy shares rose over 7% after securing €7.5 billion in project-related state guarantees from the German government. French train manufacturer Alstom saw its shares plummet over 10% as it announced job cuts and asset sales. UK inflation fell to 4.6% in October, the lowest in two years. Analysts are divided on investing in the Chinese market, with some seeing opportunities while others remain bearish. Scotiabank identified 10 Canadian stocks as "prime candidates" for tax-loss harvesting.