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European shares near high amid falling oil
European stocks rose on Thursday, approaching record levels, driven by a decline in global oil prices that temporarily boosted investor optimism. This came after the U.S. President announced talks with Iran that canceled an imminent military strike, resulting in a more than 4% drop in oil prices. This support helped improve the performance of energy, industrial, and travel sector shares, despite ongoing geopolitical tensions and inflation pressures in Europe, alongside rising manufacturing PMI and a rebound in the European economy in the second quarter.
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