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Jan 19 (Reuters) - European shares rose on Tuesday after
Asian markets rallied on optimism about China's economy, while
upbeat earnings reports from miner Rio Tinto and computer
peripherals maker Logitech boosted sentiment.
The pan-European STOXX 600 index .STOXX gained 0.4% by
0809 GMT, while Germany's DAX .GDAXI and France's CAC 40
.FCHI gained 0.4% and London's blue-chip index .FTSE rose
0.7%.
UK-listed shares of Rio Tinto RIO.L gained 1.4% after it
reported a 2.4% rise in fourth-quarter iron ore shipments,
helped by industrial activity in top consumer China.
Miners .SX7P were the top gainers among sectors,
up almost 1%.
Logitech LOGN.S jumped 6.9% as it raised its 2021 sales
growth and profit outlook for the third time, benefiting from a
pandemic-driven boost in demand for work-from-home products and
gaming accessories. Asian stocks closed in on all-time highs as investors
wagered China's economic strength would help underpin growth in
the region after data confirmed the world's second-largest
economy was one of the few to grow over 2020. MKTS/GLOB