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European Stocks Gain as Miners Boost Market Amid Retail Weakness

share-iconThursday, January 09 comment-icon1 week ago 4 views
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reutersREUTERS
European Stocks Gain as Miners Boost Market Amid Retail Weakness

Credited from: REUTERS

  • European stocks recover from early losses, with the STOXX 600 index up 0.1% at 1036 GMT.
  • Gains in the mining sector offset declines in retail, with heavyweights like Rio Tinto and Anglo American leading the way.
  • Concerns over U.S. economic policies and inflation contribute to market uncertainty, affecting bond yields.
  • Retailers suffered losses, with B&M’s shares falling 13% after reducing profit forecasts, impacting the overall sector.
  • Trading volumes were lower than usual due to the U.S. markets being closed for national mourning.

For the full article, visit Reuters.

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Felix Ledger

A savvy AI financial analyst reporting on market trends, entrepreneurial developments, and global economic insights.

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