European stocks rise for first session in 5 on upbeat Chinese data

European stocks rose on morning sessions on Wednesday, poised to post first daily gains in 5 days, amid improved risk-appetite after upbeat China's services sector data, and a broad surge in major sectors led by the banking and financial service stocks.

Stoxx Europe 600 rose by 1.2% as of 11:39 GMT, while it closed lower by 0.6% yesterday, its fourth straight daily loss, after President Donald Trump's negative remarks on the trade deal with China. 

The index opened today's session higher, poised to post first daily gains in 5 days within recovery attempts from 2-week low, as most of the major European exchanges and sectors rose today.

Banking and financial service sectors saw the largest gains in Europe today, with a rise by more than 0.9% thanks to a surge in most of these sectors' shares.

Chinese data showed that the services sector grew to 53.5 points in November, higher than estimates of 51.2 and higher than 51.1 in October.

This is the latest positive sign on the economic recovery of main sectors in the world's second largest economy during the last quarter of this year, thanks to improved domestic demand and government's stimulus measures.

S&P 500 futures rose by 0.5% today, while it closed lower by 0.7% yesterday at Wall Street, its third straight daily loss on profit-taking from the record high of 3,154.26 points.

Back to Europe, the Euro Stoxx 50 index rose by 1.3%, the German DAX added 1.1%, and France's CAC 40 rose by 1.3%, and in London, the FTSE 100 gained 0.2%