Persian Gulf Outlook Limits European Bourses Midday
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European bourses were moderately lower on Friday, influenced by tensions in the Persian Gulf and steady crude prices. The Stoxx Europe 600 Index fell 0.5%, with tech stocks gaining 0.2% while bank shares dropped 0.3%. German industrial production decreased by 0.7% month-over-month in March. National indexes showed Germany's DAX down 0.7% and the FTSE 100 down 0.2%. Brent crude oil futures rose 0.6% to $100.64 a barrel, and the Euro Stoxx 50 volatility index indicated above-average market volatility ahead.
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