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European stocks climb on tech and inflation outlook
European stocks rose significantly, boosted by a rebound in the technology sector, especially after strong results from major companies like Microsoft and Amazon, which strengthened confidence in continued investment in the sector. The "Stoxx 600" index recorded a 0.8% increase by the end of July, with expectations of further gains despite geopolitical tensions and energy price fluctuations. Additionally, the strong performances of the consumer goods and banking sectors helped end the month on a positive note, as investors await upcoming inflation data in the Eurozone that could influence interest rate policies.
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