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European stocks hit 5-year quarterly high
European stocks recorded their biggest quarterly rise in over five years, supported by optimism about artificial intelligence and declining tensions in the Middle East. The Stoxx 600 index closed up 0.9%, marking its third consecutive month of gains and a 10% increase over the quarter, the strongest performance since October 2020. The technology sectors led the rises, with shares of chip manufacturers such as ASML, STMicroelectronics, and Envision increasing. Additionally, Siemens Energy's stock rose by 5.6% after the company announced strong orders.
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