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European stocks experienced a notable rise on the last trading day of January, buoyed by positive indicators of Eurozone growth. The STOXX 50 climbed by 0.8% to reach 5,940, while the STOXX 600 increased by 0.5% to 610. Recent data revealed that the Eurozone's GDP grew by 0.3% in the final quarter, surpassing expectations and demonstrating some momentum in the region's economy despite previous uncertainties and trade war tensions. In particular, bank and technology stocks saw a recovery from earlier pressures, with Deutsche Bank, Intesa Sanpaolo, ASML, and SAP all posting gains between 2% and 4%. Additionally, Adidas shares rose by 4% following the announcement of a 13% revenue increase for 2025, achieving a historic high. Conversely, mining stocks underperformed, with Anglo American and Glencore both declining by 2.7%, and Rio Tinto decreasing by 2.5%, as investors reevaluated their positions on industrial metals.
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