12 Hrs
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الوئام
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European stocks climb as oil drops ahead of NVIDIA results
European stocks rose modestly as oil prices declined and bond yields decreased. Investors were awaiting Nvidia's second-quarter results and indicators of growth in the artificial intelligence sector, as well as U.S. inflation data, which will help shape the future path of interest rates. The Stoxx 600 index increased by 0.1% to 657.34 points, with the basic resources sector logging the highest gain of 0.9%. Oil prices fell for the third consecutive day amid expectations of increased oil flows through the Strait of Hormuz, which kept inflation fears subdued and contributed to lower bond yields. Nvidia's results are particularly significant as they serve as a barometer for sustained growth in the AI market, while market participants await U.S. inflation data to determine the direction of future monetary policy.
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