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<Europe> Pan-European Stoxx 600 Closes Down 0.7% Ahead of Formal US-Iran Ceasefire
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European equities closed lower on Tuesday as investors assessed developments ahead of the expiry of the ceasefire agreement between the United States and Iran, with the pan-European Stoxx 600 index ending down 0.7%. Associated British Foods (ABF) announced it would spin off fashion retailer Primark from its food business. ABF shares fell 2.7%. Shares of Barcelona-based fashion and beauty brand Puig surged about 5% following reports that Estee Lauder had mandated JPMorgan to raise EUR5 billion to acquire the brand. The UK FTSE 100 index closed down 110 points, or 1.1%, at 10,498. Germany's DAX index fell 146 points, or 0.6%, to 24,270. France's CAC 40 index declined 95 points, or 1.1%, to 8,235. (me/s) This article was automatically translated by AI, the Chinese version should be considered the authoritative version. AASTOCKS.com Limited does not guarantee its accuracy or completeness and accepts no liability for any damages or losses arising from the use of this translation. Auto-translated by AI AASTOCKS Financial News |
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