European Stocks Edge Up Amid Global Uncertainty

European stocks rose slightly on Wednesday, lifted by defensive sectors, amidst uncertainty over China's stimulus plans. The STOXX 600 index saw modest gains led by utilities, healthcare, and real estate. Investors are focusing on upcoming U.S. inflation data and China's finance ministry conference for fiscal stimulus updates.


Devdiscourse News Desk | Updated: 09-10-2024 13:00 IST | Created: 09-10-2024 13:00 IST
European Stocks Edge Up Amid Global Uncertainty
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European stocks saw a modest increase on Wednesday, buoyed by defensive sectors like utilities, healthcare, and real estate as investors play it safe amidst global economic uncertainties.

The continent's benchmark STOXX 600 index recorded a 0.1% rise, rebounding slightly after hitting a two-week low. This comes as the market anticipates key U.S. inflation data and potential fiscal stimulus measures from China.

Meanwhile, Rio Tinto's shares fell following its acquisition of Arcadium Lithium, while Continental and Varta experienced significant gains due to positive business forecasts and investment news.

(With inputs from agencies.)

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