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European stock markets rose as US inflation slowed, boosting market sentiment.
European stock markets rose on Friday, achieving their best weekly performance in two months due to slowing US inflation and rising expectations of a September rate cut by the Federal Reserve, which boosted investor sentiment. The Stoxx Europe 600 index rose 0.9% to a high not seen since early June, mirroring gains in the US and boosting risk assets on expectations of a possible rate cut there. Almost all sectors rose, led by consumer stocks, technology firms and retailers. Novo Nordisk, ASML Holding, Siemens and LVMH had the biggest positive impact on the index. Luxury goods companies, which had seen their expected profit declines outpace the broader European market, rebounded on Friday. Uncertainty around the French and British elections.
European Industrial Companies to Benefit From Growing AI Demand -- Sector Preview
By Nina Kienle European industrial companies are expected to have closed the quarter ended June with solid results overall. Analysts expect the companies to reaffirm their targets, keeping a
Siemens-Rail Vikas Nigam Consortium Bags INR7.7 Billion Bangalore Metro Electrification Project
A consortium of Siemens (NSE:SIEMENS, BOM:500550) and Rail Vikas Nigam (NSE:RVNL, BOM:542649) received a contract worth about 7.66 billion Indian rupees from Bangalore Metro Rail for the
Siemens Energy to Keep Good Order Momentum Going -- Market Talk
0725 GMT - Siemens Energy could book a moderate beat to consensus expectations when it reports third-quarter results next month, Citi says. The U.S. bank's order forecast for the German energy company
Siemens Mobility Receives EUR200 Million Semi-Automation Contract for Berlin Metro Lines
Siemens' (SIE.F, SIN.SW) Siemens Mobility division won a tender worth 200 million euros to install a communication-based train control system on two Berlin metro lines in Germany. The system will allo
Trending Industry Today: ChargePoint Leads Gains In EV Charging Stocks
July 3rd - The industry of $EV Charging(LIST2547.US)$ is trending up in regular trading hours with 8 constituents up, 1 constituents down and ChargePoint leading Gains.$ChargePoint(CHPT.US)$ rises 11.
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