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European Stocks Close Higher on Semiconductor Gains and Fed Easing

Doha: European stocks closed sharply higher today, supported by gains in the semiconductor sector and the US Federal Reserve’s move to resume monetary easing. The Stoxx 600 index rose 0.79% to finish at 554.97 points, while the broader technology sect…

Oil Prices Retreat at Settlement on Low US Demand

Doha: Oil prices settled lower today after data showed a rise in US diesel inventories, raising concerns about demand, and the Federal Reserve’s decision to cut interest rates as expected. Brent crude futures lost 52 cents, or 0.76 percent, to $68.22 …