European Shares Rise on Wednesday
European stocks rose on Wednesday, with the STOXX 50 adding 0.5% and STOXX 600 gaining 0.3%, as investors weighed ongoing developments in trade negotiations between the US and its major trading partners, while closely monitoring the ECB forum.
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.
Meanwhile, ECB President Christine Lagarde is set to address policymakers later today, with recent comments from several ECB officials highlighting 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.
Source: Trading Economics