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OverviewAPI
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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