European stock indices make a strong start to the second quarter on Wednesday after positive data on the manufacturing sector overcomes initial weakness. A closely watched euro-zone manufacturing index from Markit Economics comes in stronger than initial predictions, rising to a 10-month high in March. Swiss chocolate giant Barry Callebaut says first-half sales and net profit grew in the double digits, partly thanks to increased sales of higher-margin products. And in the U.K. Asos enjoys a relief rally after first-half profit fell less than expected.
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