Andre Janse van Vuuren and Julien PonthusThe New York Stock Exchange in New York, US, on Friday, June 28, 2024. --
Europe’s Stoxx 600 index advanced 0.5 per cent after the euro-area economy expanded more than expected in the second quarter, easing fears about the pace of an economic recovery. An index tracking the so-called Magnificent Seven technology stocks lost almost nine per cent in the two weeks through July 26 after investors turned skeptical about the scope for returns from investment in artificial intelligence. The gauge rebounded by one per cent on Monday.
U.S. policymakers are widely expected to keep rates unchanged at a two-decade high. Still, investors expect that officials will signal a move in September as risks grow of imperiling a solid but moderating job market.
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