Tech, Oil Shares Lift European Bourses Midday
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European bourses rose midday as tech shares rallied and oil stocks gained on tight crude market prospects. The Stoxx Europe 600 Index was up 0.3%, with the Technology Index rising 2% and Oil and Gas Index up 0.9%. In contrast, bank, food, and property stocks lagged. Eurozone industrial production increased 0.2% month-over-month in March, but fell 2.1% year-over-year. The Euro Stoxx 50 volatility index indicated above-average market volatility ahead. Germany's DAX rose 0.7%, while the FTSE 100 remained steady.
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