European Stocks Rise and Dollar Falls After Tech Selloff
European stocks rose and bond markets steadied as investors recovered from a tech-led selloff driven by AI financing concerns. Meanwhile, the dollar headed for a weekly loss following a drop in Treasury yields.
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European stocks rose 0.6% on Friday morning, stabilizing after a technology selloff while the dollar headed for a weekly loss. The rebound followed stronger inflation data from the United States that drove traders to increase rate-hike bets. Investors moved into government debt amid mounting concerns over the debt-fuelled financing of the artificial intelligence boom.
