22 Hrs
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المشهد العربي
European stocks steady as retail gains
European stock indices stabilized after volatile trading, with a slight increase in government bond yields in the Eurozone and the United Kingdom. Shares in the energy sector rose by 0.4% following a rise in oil prices, while insurance company stocks declined by approximately 1%. Conversely, retail sector shares increased by 1.3%, driven by a rise in Kingfisher's stock after it raised its profit outlook, as the company reported a 9.9% revenue growth in the first half of the year. Attention is now focused on the European Central Bank President Christine Lagarde's comments regarding banks' response to future challenges. European major indices remained steady at their current levels, with the Stoxx Europe 600 holding at 641 points, the FTSE 100 staying at 10,738 points, while the German DAX decreased by 0.35% to reach 25,489 points.
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