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European stocks rebound, Asian shares drop 4 hours ago Gulf Today Report European stocks rebounded on Wednesday following a strong earnings season countering worries about the surge in COVID-19 cases in various countries.
The pan-European STOXX 600 index rose 0.4% after a blistering seven-week rally ran into a bout of profit-taking on Tuesday when it fell 1.9%.
Tech stocks led the gain with a 1.3 % increase. German fashion house Hugo Boss jumped by 7.5%.
While the UK and the US may be moving towards re-opening, it s not necessarily a straight line of recovery, said Joshua Mahony, senior market analyst at IG. What s been happening in Brazil and ....
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