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European Stocks Steady Ahead of Inflation Data

Economy

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Brussels, March 30 (QNA) - European stocks were steady on Monday ahead of the release of inflation data, while investors continue to monitor developments in the ongoing war in West Asia, which has upended global markets.
The pan-European STOXX 600 index was little changed at 574.98 points, with the defense sector leading losses, down 0.8 percent.
Focus is on consumer price index data and the harmonized index of consumer prices in Germany due later on Monday to assess the impact of the war on Europe's largest economy.
Shares in Inwit fell 3.1 percent after Telecom Italia said it had terminated a long-term lease contract with Italy's largest tower operator.
Shares of London-listed mining company Rio Tinto rose about 5 percent after the company said it had resumed operations at three of four terminals at an iron ore port in the Pilbara region of Western Australia after Tropical Cyclone Narelle swept through the area, helping lift the UK's FTSE index by 0.2 percent. (QNA)

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