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European stocks hit new peak on earnings
The Euro Stoxx 600 index rose to an all-time high at closing for the fourth consecutive time, supported by strong earnings reports from technology companies and positive US jobs data, boosting investor optimism in the markets. The index surpassed the 660-point level, marking its fourth weekly gain, as investors focused on corporate earnings results and the outlook for second-quarter profit growth of over 22%. The technology sector also performed better, with Genmab's stock rising by 6.5%, while Kingspan experienced the largest gain of 17.8% after raising its profit outlook.
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