European shares climb on earnings cheer, GDP data; STOXX logs best month since Nov 2020

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Reuters UK

By Devik Jain and Anisha Sircar (Reuters) – European shares rose on Friday and logged their first monthly gain in four as a host of strong earnings from corporate Europe overshadowed fears of a global recession, with some strong economic data also lending support. The pan-European STOXX 600 was up 1.3% to a near two-month high, and logged its best monthly performance since November 2020. Boosting sentiment, the euro zone economy grew much faster than expected in the second quarter, with gross domestic product rising 0.7% quarter-on-quarter in the April-June period for a 4.0% year-on-year gain,…

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