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Sunday, February 9, 2025

Reshaping Perspectives and Catalyzing Diplomatic Evolution

A slight rise in European stocks and eyes turn to inflation data in America

The US Consumer Price Index data, due at 12:30 GMT, follows a report released last week that showed strong jobs, dampening hopes that the US Federal Reserve will cut interest rates. short-term interest.

Markets expect U.S. core CPI, which excludes volatile food and fuel prices, to rise 5.5% year-on-year, down slightly from the 5.0 percent rise. 6% of the previous month.

market performance

The pan-European Stoxx 600 index was up 0.1% at 0704 GMT.

Credit Agricole jumped 3.8% after France’s second-biggest listed bank beat its first-quarter profit estimates, boosted by trading revenue.

Siemens Healthineers fell 5.3% as the medical device maker said it would end its cardiac surgery robotics business after its quarterly operating profit fell 30%.

Orphan Biofitram fell 15.3% to become the biggest loser on the Stoxx 600 index, after the Swedish drugmaker announced it had agreed to make a $1.7 billion bid for the company American CTI Biopharma.

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Arab Desk
Arab Desk
The Eastern Herald’s Arab Desk validates the stories published under this byline. That includes editorials, news stories, letters to the editor, and multimedia features on easternherald.com.

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