Europe: Auto stocks drive shares higher on tariff delay hopes

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[BENGALURU] European stocks surged late in Wednesday's session to wipe away early losses after US officials said President Donald Trump was expected to delay auto tariffs by up to six months. Read more at The Business Times.

[BENGALURU] European stocks surged late in Wednesday's session to wipe away early losses after US officials said President Donald Trump wasThe news spurred investors to boost positions in tariff-sensitive firms, aiding a recovery among a swathe of European stocks.

Frankfurt's auto-heavy DAX and London's FTSE 100 rose 0.9 per cent and 0.8 per cent, respectively, while their Milan-traded peers dipped 0.1 per cent on weakness among the country's banks. Italy's banks could come to the rescue of Carige to safeguard financial stability after BlackRock dropped a planned bid for the struggling regional lender, UniCredit's chairman said.

 

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