India, July 23 -- European stocks were moving lower on Thursday as the Middle East conflict raged on and renewed concerns over AI spending weighed on technology stocks.
Both Tesla and Alphabet signaled higher spending, triggering broader valuation concerns.
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Meanwhile, the euro strengthened against other major currencies ahead of the European Central Bank's (ECB) monetary policy announcement later in the day.
Following a 25-basis point (bps) increase at the June policy meeting, the ECB is anticipated to maintain policy rates unchanged.
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