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Europe stocks kick off second quarter higher; German inflation data...

European stocks kicked off the second quarter slightly higher, with focus on a string of economic data points including inflation data from Germany that could provide clarity on the timing for interest rate cuts by the European Central Bank. Energy stocks did the heavy lifting with a 1.9% rise as crude prices climbed on signs that demand may improve in China and the United States, and on growing concerns of a widening conflict in the Middle East that could affect supply from the region. Technology stocks were among the top gainers on Tuesday, with BE Semiconductor Industries up 3.6% after brokerage Barclays upgraded the stock to 'overweight' from 'equal weight'.

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Source Id: 2024-04-309394651

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