European stocks moved slightly higher on Friday as market participants brace themselves for U.S. jobs data later in the session.
was up 0.3 by mid-morning, with insurance stocks adding 1.5% to lead gains as most sectors and major bourses nudged into positive territory. Food and beverage stocks bucked the trend to fall 1.8%, with investors fearful that if the tight labor market holds up the Federal Reserve could keep interest rates higher for longer.
Generative artificial intelligence — or the usage of generative models powered by AI to generate text, images, or other media — is taking the world by storm and it's not just the U.S. tech giants that are set to benefit, according to Morgan Stanley.
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Philips shares dive as FDA calls for more testing on recalled devicesSteven Goldstein is based in London and responsible for MarketWatch's coverage of financial markets in Europe, with a particular focus on global macro and commodities. Previously, he was Washington bureau chief, directing MarketWatch's economic, political and regulatory coverage. Follow Steve on Twitter: MKTWgoldstein.
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