European Stocks Extend Advance on China, Cooling Inflation Bets – Bloomberg

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European stocks extended their gains after posting the best week since March over optimism from China’s reopening, an easing energy crisis and signs of cooling inflation.
The Stoxx Europe 600 rose 0.5% by 9:33 a.m. in London. Construction, mining and financial services sectors led the advance, while food and beverages lagged. AstraZeneca Plc fell after agreeing to buy US biotech CinCor Pharma Inc. for as much as $1.8 billion in cash to gain new treatments for hypertension and kidney disease.

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