Europe: Stocks recover, banks lead; ECB decision, US data in focus
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European stocks rose on Monday, led by banks, as investors returned to risk assets. The Stoxx 600 index increased by 0.74%, with Spain's bourse reaching a record close. The market's recovery followed a previous dip due to concerns over AI stocks. Banks rose 1.8%, while insurers and travel stocks also gained. The ECB's upcoming decision and US economic data are in focus. Geopolitical tensions in Ukraine affected defense stocks, while Ferrexpo surged. The ECB is expected to maintain rates, with other central bank decisions anticipated this week.
Source: Businesstimes The copyright of this article belongs to the original author/organization.
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