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European shares on track for weekly gains; US inflation in focus
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European shares are set for weekly gains, with the STOXX 600 index rising 0.2%. Investors are focused on the U.S. inflation report, which may influence the Federal Reserve's monetary policy. Industrial and basic resources stocks led gains, boosted by record copper prices. Ocado surged 8.5% after a $350 million payment from Kroger. Swiss Re and Big Yellow Group saw declines. Markets are also watching Germany's pensions bill vote, testing Chancellor Merz's coalition.
Source: Reuters The copyright of this article belongs to the original author/organization.
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