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European shares hit over 1-month high on earnings, Fed rate-cut hopes


(Fixes typo in paragraph 10)

By Shubham Batra and Shristi Achar A

(Reuters) -European shares advanced on Friday and logged their second consecutive weekly gains on upbeat earnings and global investor optimism about a September interest rate cut by the Federal Reserve.

The pan-European STOXX 600 index closed up nearly 0.9%, while the euro zone blue-chip gauge advanced 1.3%, both indexes hitting their highest levels in over a month on an intra-day basis.

Sweden’s Addtech hit a record high and jumped 16% after the technical solutions firm said the outlook for the next quarters was…



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