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OverviewAPI
European markets started the penultimate week of 2023 with a muted tone, following a fifth consecutive week of gains. The pan-European Stoxx 600 was down 0.1%, with construction and material stocks falling by 1.1% and oil and gas stocks adding 0.8%. The U.S. Federal Reserve's decision to pencil in three cuts to interest rates over the course of 2024 contributed to global markets' buoyed sentiment.

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