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European stocks set for best weekly gains
The European Stoxx 600 index recorded an unprecedented level today and achieved its largest weekly gains in over a month, rising by 0.5% to reach 651.52 points, supported by a decline in expectations of U.S. interest rate hikes. The German DAX led the gains, hitting an all-time high with an increase of 0.9%. The Italian FTSE MIB also increased by 0.64%, while the British FTSE 100 rose by 0.35%, with gains in stocks across the defense, manufacturing, banking, and financial services sectors.
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