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European stocks rose on Wednesday, November 11, nearing a fresh record, supported by strong third-quarter corporate results and a rebound in technology shares. Results from CoreWeave eased concerns about a slowdown in AI spending. The Stoxx 600 gained 0.4%, Germany’s DAX rose 0.9%, France’s CAC 40 advanced 0.7%, and Britain’s FTSE 100 climbed 0.8%. European semiconductor stocks rose by more than 3% to 4%. Concerns about U.S. inflation limited the gains, reinforcing expectations of an interest-rate increase of at least 25 basis points in December, while markets weighed the possibility of a larger, 50-basis-point hike.
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