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European stocks close at record as mining shares rally
European markets ended at record levels as mining stocks rallied on renewed merger speculation and easing inflation concerns.
European equity markets closed at record highs after gains in mining stocks lifted sentiment. Shares of Glencore surged following reports of renewed interest from Rio Tinto, sparking speculation around consolidation in the global mining sector. Broader indices were supported by easing inflation concerns and stable economic indicators, helping offset lingering geopolitical risks.