European stocks rose sharply to hit record highs on Friday as upbeat tech earnings helped ease concerns about AI returns.
The euro held near multi-week highs against the dollar after Eurostat data showed annual consumer inflation in the euro zone rose to 2.9 percent in July from 2.8 percent in June on higher energy costs, bolstering the case for the European Central Bank to raise interest rates again in September.
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European Shares Rally Led By Tech Stocks
2026-07-31 09:28:11
