European shares advance amid increasing rate cut hopes

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By Shashwat Chauhan, Khushi Singh and Shristi Achar A

(Reuters) -European shares ended higher on Friday as bond yields fell after soft U.S. data spurred hopes of early interest rate cuts from the Federal Reserve and other major central banks, while Airbus shares shone after it reported record annual jet orders.

The pan-European STOXX 600 index ended 0.8% higher, snapping a three-day losing streak and logging its best single-day performance so far this year, though ending flat on the week.

Industrial goods and services led sectoral…

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