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European shares rise on mining gains; tech lags
European shares opened higher on Thursday, led by gains in mining companies, while technology shares lagged as investors weighed the implications of a Democratic sweep in the US midterm elections on the sector. The pan-European STOXX 600 index rose 0.5% to 660.33 points by 0807 GMT and was near a two-month high it hit in the previous session. Basic resources rose 2.7%, boosted by ArcelorMittal’s 6% gain after the world’s second-largest steel maker topped core profit expectations. Markets also took comfort from Brent crude prices that traded below $100-a-barrel on expectations that the ...
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