India, June 30 -- European stocks were moving higher on Tuesday as technology stocks rebounded amid renewed optimism surrounding AI.
Meanwhile, with oil prices moving back to pre-war levels, markets remain hopeful that the European Central Bank (ECB) will not raise interest rates in the near term.
ECB Chief Economist Philip Lane said in Sintra, Portugal, today that the second-round effect from higher energy prices is probably going to take some time to show up and that policymakers won't lock themselves into a path for interest rates in the meantime.
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