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European stocks rise as global markets rally and key deals emerge
European stocks opened higher, with the Stoxx 600 index up 0.5%, led by gains in household goods and autos. In Asia-Pacific, Australia's S&P/ASX 200 reached a record high, while Japan's Nikkei rose 1.3%. Meanwhile, Atos received a non-binding offer from the French government for its advanced computing activities, and UniCredit proposed acquiring Banco BPM for about €10 billion.
tech stocks tumble as earnings disappoint and japanese markets react to political shifts
Wall Street faced significant losses as disappointing earnings from major tech firms, including Microsoft and Meta, triggered a sell-off, with the NASDAQ dropping 2.76%. Japanese stocks rallied despite the yen weakening after the ruling party lost its parliamentary majority, while Chinese equities fell following a lack of new fiscal measures despite recent stimulus efforts.
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