European shares rose to a high on Wednesday, underpinned by a rebound in financials after British bank HSBC raised a key lending target, while concerns that newer AI models might imminently disrupt traditional businesses appeared to ease.
The pan-European STOXX 600 index (.STOXX), was up 0.47% at 632.08 points, trading just shy of the intraday-high of 632.40 hit earlier in the session.
Banking stocks (.SX7P), (.SX7E), gained more than 1.7% each as broader global sentiment improved after U.S.-based AI startup Anthropic partnered with several companies and launched new AI plug-ins, signalling that traditional businesses are adapting to AI advances rather than facing immediate disruption.
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European shares rose to a high on Wednesday, underpinned by a rebound in financials after British bank HSBC raised a key lending target, while concerns that newer AI models might imminently disrupt traditional businesses appeared to ease.
The pan-European STOXX 600 index (.STOXX), was up 0.47% at 632.08 points, trading just shy of the intraday-high of 632.40 hit earlier in the session.
Banking stocks (.SX7P), (.SX7E), gained more than 1.7% each as broader global sentiment improved after U.S.-based AI startup Anthropic partnered with several companies and launched new AI plug-ins, signalling that traditional businesses are adapting to AI advances rather than facing immediate disruption.
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