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European stocks closed higher on Wednesday, amid optimism about U.S.-China trade and ahead of a key speech by the U.S. Federal Reserve chairman.

The pan-European Stoxx 600 index provisionally closed up by 0.8%, reversing earlier losses, with almost all sectors and major bourses in positive territory.

Sweden’s Elekta surged to the top of the European benchmark on Wednesday. Shares of the Stockholm-listed firm rose 11% after the radiation equipment maker reported a big jump in profit through the company’s first quarter.

Reference: CNBC