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OverviewAPI
European shares surge as tech stocks benefit from Wall Street rally and expectations of U.S. interest rate cuts, with basic resources and tech sectors experiencing significant gains. The technology sector, including major chipmakers, sees a jump in line with their Wall Street peers, while the telecoms and insurers sectors face potential correction. Global markets have rallied since mid-December due to the Federal Reserve hinting at rate cuts, leading to substantial price movements across various sectors.

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