India, July 24 -- European stocks rebounded on Friday, after having suffered their steepest single-day loss in over two weeks amid elevated oil prices and concerns over heavy AI spending.
Traders bought the dip as Brent crude futures slumped nearly 4 percent below $97 a barrel after rising above $100 a barrel on Thursday following Houthi attacks on tankers in the Red Sea.
The British pound strengthened against the dollar and euro after official data showed U.K. retail sales grew unexpectedly in June.
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