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European Stock Markets Edge Up Amid US Election Aftermath

European stock markets exhibited upward trends on November 7th, closely monitoring the implications of Donald Trump’s recent electoral victory in the US. Analysts noted a record $63.5 billion increase in the net worth of the world’s ten richest individuals following the election, indicating investor confidence in potential tax and regulatory reforms. Meanwhile, the Bank of England reduced interest rates by 25 basis points, aiming to manage inflation effectively. Other European indices also showed moderate gains, with Frankfurt’s DAX30 climbing 1.34% and mixed results in other major cities.

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