Earnings, Trade Outlook Lift European Bourses Midday
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European bourses rose midday Tuesday, driven by earnings reports and a new trade deal between the EU and India. Bank stocks led the gains, while food and property shares lagged. The Stoxx Europe 600 Index increased by 0.4%, with notable gains in the Banks Index (1.4%) and Technology Index (0.2%). The trade agreement aims to enhance supply chains, reduce tariffs, and create jobs. The Euro Stoxx 50 volatility index indicated below-average market volatility, suggesting a stable outlook for the coming month.
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