Global stocks bounce back as oil prices decline
Global stocks advanced on Monday after a sharp drop in oil prices helped offset lingering tech sector anxiety. US and European indexes rose as investors digested strong manufacturing data ahead of central bank decisions and US elections.
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Global stocks rebounded on Monday morning as Brent Crude Oil prices declined sharply, helping markets recover from Friday's tech-driven selloff in the United States economy. Major indexes advanced in early trading, fueled by resilient domestic manufacturing data. The bounce offers relief following a volatile week for artificial intelligence beneficiaries.
