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European Stock Market Mixed
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European stock markets traded mixed, with German industrial production unexpectedly falling by 0.7%. Munich Re reported an estimated $95 billion in insured losses from natural disasters in 2023, while GSK announced the acquisition of Aiolos Bio for a $1 billion upfront payment and up to $400 million in success-based regulatory milestone payments. Oil prices edged higher after the previous session’s sharp losses, rebounding after concerns over sluggish demand and Middle East tensions.
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How do geopolitical tensions in the Middle East affect global oil prices and market stability?
How might the unexpected decline in German industrial production impact the country's economic growth?
What factors are influencing the corporate acquisitions in the European market?
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