2 July 2025, 22:28  Europe: Stocks Close Higher.

European stocks advanced on Wednesday, with the STOXX 50 up 0.7% and the STOXX 600 rising 0.2%, as investors weighed progress in trade talks between the US and its key trading partners, while closely watching the ECB forum for signals on the central bank’s policy outlook for the remainder of the year. US President Trump reaffirmed he would not postpone the July 9 deadline for the resumption of higher tariffs, reiterating his threat to end talks and impose new duties on several countries, including Japan. Additionally, a deal with tariffs of 20% on Vietnam was announced. Meanwhile, recent comments from several ECB officials highlighted increasing concern over the euro's strength and its potential dampening effect on inflation. Among sectors, banks, oil and gas, basic resources, and autos led the gains, while real estate lagged. On the corporate front, LVMH (4.2%), BMW (5%), and Glencore(5.2%) were higher. Santander gained 2.2% after acquiring TSB for EUR 3.1 billion

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