Global MarketsAugust 7 at 11:30 AM

European Closes: Euro Stoxx 50 +0.37% at 6,527, Dax 40 +0.82% at 26,355, FTSE 100 +0.31% at 10,901, CAC 40 +0.17% at 8,715, FTSE MIB +0.06% at 53,717, IBEX 35 +0.03% at 20,187, PSI -0.46% at 9,181, SMI +0.24% at 14,554, AEX -0.09% at 1,111

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European indices rose as weak US jobs data lowered rate hike expectations, while solid German industrial figures and strong corporate earnings from Genmab and Kingspan bolstered regional sentiment.

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European Closes: Euro Stoxx 50 +0.37% at 6,527, Dax 40 +0.82% at 26,355, FTSE 100 +0.31% at 10,901, CAC 40 +0.17% at 8,715, FTSE MIB +0.06% at 53,717, IBEX 35 +0.03% at 20,187, PSI -0.46% at 9,181, SMI +0.24% at 14,554, AEX -0.09% at 1,111

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Today's market highlights

US official says there is progress between Oman and Iran on the Strait of Hormuz, and we expect a deal soon

US President Trump administration to provide more than USD 2bln to four battery and mineral companies, reports WSJ citing officials

A US official familiar with the negotiations confirmed the temporary route was discussed and said it would be limited to a period of 60 days, ABC reports