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  • 4 months ago
European shares were subdued early in the session as investors assessed a mixed bag of corporate earnings, while awaiting a potential trade deal between the United States and the European Union.
Transcript
00:00European shares were subdued early in the session as investors assessed a mixed bag of corporate earnings
00:06while awaiting a potential trade deal between the United States and the European Union.
00:11U.S. Commons Secretary Howard Lutnik expresses his confidence that Washington can secure a trade deal with the bloc before August 1,
00:19which is a hard deadline for tariffs to kick in.
00:22He added that there was plenty of room for a deal after speaking with European negotiators.
00:30European basic resources gained 2.6%, the most among sectors, while automobile fell 0.3%.
00:37Among stocks, Ryanair gained 5.8% and was one of the biggest percentage gainers in the stock's 600,
00:44after Europe's largest low-cost carrier's net profit more than doubled its April-June quarter.
00:49Conversely, Stellantis fell 2.4% after the automaker said it expects a net loss of 2.3 billion euros for the first half of 2025.
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