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European Stocks Mixed as Reflation Fears East

M. Ali 26 May, 2021 10:30 pm Global Stock Market, Market Update

European stocks rose on Wednesday, as inflation fears eased with an improvement in the risk sentiment among investors.

The STOXX Europe 600 index finished marginally higher by a fraction of a point, to remain near its record highs.

The travel and leisure stocks rose by about 1% on recovery hopes, while the banking sector declined by 1.1%.

The French CAC40 index closed marginally higher by 0.02%.

On the other hand, the German DAX and the UK’s FTSE100 indices lost 0.09% and 0.04%, respectively.

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