Mining boosts European stocks amid Middle East unrest
European stocks settled on Wednesday amidst a climate of uncertainty linked to developments in the Middle East. The basic materials sector supported the markets with gains of 0.6%, buoyed by rising gold prices, ahead of the release of the Federal Reserve's July meeting minutes, which will outline the monetary policy outlook. At the same time, the technology sector experienced significant losses, with semiconductor companies' shares declining due to weaker-than-expected revenues, with the "SOTEC" stock dropping by more than 4%. In the UK, the annual inflation rate increased to 2.9% in July, heightening market anticipation for upcoming interest rate signals from the U.S. Federal Reserve.
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