European Stocks Erase Gains as US Data Thwarts Rate-Cut Bets

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European stocks lost momentum after US business activity accelerated amid a pickup in inflation that will likely keep Federal Reserve rate cuts at bay.

Some Mondelez Shareholders Say It’s Not Doing Enough on RussiaTwo-Speed Global Economy Vexes G-7 as Inflation Fades UnevenlyBird Flu Is More Widespread Among Dairy Cows, Sewage Tests SuggestUS Justice Department Sues to Break Up Live Nation, TicketmasterHg Nears $3 Billion Deal for Risk Firm AuditBoardLosses Pile Up in Top-Rated Bonds Backed by Commercial Real Estate DebtRio Tinto, Japan and AI Feature at Sohn Forum in Hong KongMorgan Stanley and Goldman Give Up on June Rate Cut at BOERed...

mortgage rates fall below 7% for first time since early AprilRiksbank Deputy Bunge Calls for Reforms After ‘Narrow Escape’German Office Market Slump Deepens With Deals at 15-Year LowCiti Considers Reducing Office Space in Singapore TowerGoldman Alone to Call First Rate Cut by Egypt After DevaluationA New Theme Park in Tokyo Lets You Be the Star of the ShowChinese Defaults Flag Limits to $5 Billion of Bond GuaranteesHedge Fund Caledonia Grapples With 26% Slide in Huge Zillow BetNovo Nordisk Hit...

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