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