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Friday, November 1, 2024

European stocks rise with support from the energy sector, but they are heading for weekly losses

European stocks rise with support from the energy sector, but they are heading for weekly losses

He went up European STOXX 600 index By 0.4 percent by 0818 GMT, after falling by more than one percent in the last session.

However, the index is heading for a decline of 2.6 percent this week, declining for the second week in a row.

It was a strip Energy It is the largest supporter of the index, rising 1.2 percent with the increase in oil prices against the backdrop of reports that Iran is preparing to launch a strike on Israel from Iraq in the coming days.

Reckitt shares jumped 10.3 percent after a company was ruled not to be liable Consumer goods In the most recent case involving formula milk.

The data showed that the Swiss consumer price index rose 0.6 percent in October.

Shares fell Travel sector 0.3 percent due to a stock decline Lufthansa 1.5 percent after HSBC downgraded the stock’s rating.

Investors will focus on US nonfarm payrolls data scheduled for release later Friday.



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