Economic TimesLean R·
How US tech pain is European stock markets' gain
European stock markets, particularly the STOXX 600, are performing well as tech turmoil affects global markets. This relative stability is attributed to Europe's lower exposure to tech giants compared to the US market. Companies in sectors such as energy and financials are supporting earnings growth, which is on track for 25% quarterly profit. Investors remain cautious, noting that broader market selloffs could still impact Europe.
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