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  AstraZeneca’s Strong Results Propel UK’s Outperformance Amidst Mixed European Stock Performance. Introduction Friday’s trading session on the European stock markets brought a mixed bag of performance, with investors closely analyzing a week’s worth of business earnings, significant central bank decisions, and economic data. Despite this, the UK’s FTSE 100 index managed to trade 0.3% higher, thanks in large part to the impressive performance of pharmaceutical giant AstraZeneca (LON: AZN). AstraZeneca Surges With Better-Than-Anticipated Results AstraZeneca’s stock soared by 3.5% as the pharmaceutical company posted better-than-expected profits and sales in the second quarter. The decline in COVID-19 vaccination sales was offset by the success of its blockbuster cancer treatments, which led to an overall positive outlook for the company. This boost contributed significantly to the outperformance of the UK market on Friday. European Central Bank Hints At A Possible Pause During the E...

  Fed Raises Rates by 0.25% in Efforts to Tackle Inflation. Introduction In a decisive move, the Federal Reserve raised interest rates by 0.25% after skipping a boost last month. The decision came as a response to the persistent inflationary trend in the economy, signaling the Fed’s commitment to control rising prices. Fed’s Rate Hike To 5.25% – 5.5% The Federal Open Market Committee (FOMC), the rate-setting body of the Federal Reserve, announced an increase in the benchmark rate to a range of 5.25% to 5.5%. This marks the eleventh rate hike in the current cycle, bringing the rates to their highest level in 22 years. Powell’s Flexible Monetary Policy Federal Reserve Chairman, Powell, emphasized the need for flexibility in the central bank’s monetary policy. He stated that the options for September include either another rate hike or a pause, depending on the economic data at that time. This approach leaves the door open for further adjustments to counter inflation. Expert’s Opinion...