European Stocks rise amid growing hopes for interest rate cuts
European stocks rose on Tuesday as investors anticipated a series of earnings reports and economic data, with sentiment improving on growing hopes that the U.S. Federal Reserve will cut interest rates at its upcoming monetary policy meeting in September.
The pan-European STOXX 600 index gained approximately 0.35%, or 1.90 points, reaching 542.50 points in morning trading.
Germany's DAX index climbed 0.61% (or 145.77 points) to 23,903.46 points, while France's CAC 40 index rose 0.28% (or 21.01 points) to 7,653.02 points.
The UK's FTSE 100 index added 27.04 points, or 0.30%, to reach 9,155.34 points. Meanwhile, shares of Fresnillo surged 6.3% after the mining company reported strong first-half results.
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