24 Hrs
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الاقتصادية
European stocks fall amid inflation worries
European stocks experienced a weekly decline, despite the support from Volkswagen's share which rose by 5.9% after reaching an agreement on a significant transformation plan, helping to invigorate the market’s rally at the end of the session. The decline was driven by escalating tensions in the Middle East, rising oil prices, and investor concerns over increasing inflation and government debt. Expectations are also mounting that the U.S. Federal Reserve will raise interest rates this month, based on the non-farm payroll report showing a stable US labor market. Looking to next week, the market anticipates the European Central Bank will raise interest rates by 25 basis points amid ongoing increases in energy prices.
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