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<Europe> Germany Cuts Econ Growth Forecast; Pan-European Stoxx 600 Closes Lower
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European equities closed lower on Wednesday as traders assessed the extension of the US-Iran ceasefire, economic conditions and a series of corporate earnings. The pan-European Stoxx 600 index fell 0.4%. Germany halved its economic growth forecast for this year and said it now expects domestic economic growth of 0.5% for the year. Germany's DAX index closed down 75 points, or 0.3%, at 24,194. Meanwhile, the UK's FTSE 100 index closed down 21 points, or 0.2%, at 10,476. France's CAC 40 index fell 79 points, or 1%, to 8,156. On the corporate front, Dutch semiconductor equipment maker ASM International (ASMI) reported revenue that beat expectations, with its shares rising 1%. L'Oreal posted a 7.6% increase in same-store sales for the first quarter, supported by strong business in Europe and the US, and its shares were steady. (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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