LONDON (Reuters) - European stocks rallied in early trade on Thursday, boosted by strong gains in Asia and Wall Street, while miners Antofagasta and BHP Billiton tracked gained in commodity prices.

Shares in Lafarge rose 3 percent as the French building materials group raised its mid-term targets and said it was considering selling its underperforming roofing business.

Germany's largest insurance group Allianz rose 2.5 percent after announcing plans to cut nearly 7,500 jobs as part of a far-reaching restructuring move designed to boost earnings.

By 0715 GMT, the pan-European FTSEurofirst 300 index was 1 percent stronger at 1,289.2 points after a flat performance on Wednesday, and up 1 percent so far this year.

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