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Chipmakers revive stocks as euro struggles after freefall

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Reuters UK

By Huw Jones LONDON (Reuters) – Chipmakers revived stock markets on Thursday, helping to sooth investor worries over a potentially rapid recession because of looming rate hikes, while the euro struggled near a 20-year parity with the safe-haven dollar. Sterling rose 0.6% after reports that Britain’s Prime Minister Boris Johnson will resign following a string of ministerial resignations, after plumbing 2-year lows on Wednesday amid political uncertainties. The FTSE blue chip index in London gained 0.9%. Crude oil fluctuated on either side of $100 a barrel as tight supplies and worries over dema…

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