Jan 12, 2024: European shares opened with gains on Friday, driven by optimism about potential interest rate cuts from the European Central Bank (ECB). Despite heightened tensions in the Middle East, investors focused on ECB President Christine Lagarde’s remarks indicating a willingness to cut interest rates if inflation drops to 2%. The pan-European STOXX 600 was up 0.9%, showing marginal weekly gains. The oil and gas sector saw a 1.0% increase, propelled by a more than 2% surge in crude prices following U.S. and British strikes in Yemen. Airbus shares also climbed 2.2% after the company reported record annual jet orders and confirmed an 11% increase in 2023 deliveries.
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