European Stocks Advance as Investors Rotate Into Defensives

(Bloomberg) — European stocks rose, with defensive sectors such as health care and real estate outperforming amid lingering worries around artificial intelligence. The Stoxx Europe 600 Index was up 0.4% by the close. Banking and insurance stocks also gained, while miners were the biggest laggards following a slide metal prices. Oil dropped, dragging energy shares…

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European Stocks Steady as Investors Rotate Into Defensives

(Bloomberg) — European stocks were muted, with defensive sectors such as real estate and utilities outperforming amid lingering worries around artificial intelligence. The Stoxx Europe 600 Index was little changed as of 1:40 pm in Frankfurt. Insurance and health care — traditionally considered safer at a time of heightened volatility — also led gains, while…

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Wall Street: Investors eye bank stocks this week as six largest US lenders prepare to disclose Q4 results

Investor attention is firmly fixed on the banking sector this week as the six largest US lenders prepare to disclose their fourth quarter financial results. Wall Street anticipates a significant boost in profits, driven primarily by a resurgence in investment banking and an acceleration in global dealmaking revenue during the final months of the year…

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