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Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world
European stocks extended a record-breaking rally as investors ramped up wagers on Federal Reserve interest-rate cuts following downbeat economic data.
The Stoxx 600 rose 0.7% by 8:04 a.m. in London, setting a fresh intraday all-time high. Technology, autos and mining stocks led the gains, while utilities were the biggest laggards. Among individual names, Siemens AG climbed 2.8% after Bloomberg reported that the firm is exploring spinning off a large part of its majority stake in Siemens Healthineers AG.