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EU-India trade deal boosts European stocks, despite mixed sector performance and cautious outlooks.
European stocks rose on Tuesday as investors welcomed the EU-India free trade agreement, the largest between the two regions, boosting sentiment despite mixed results for automakers.
The pan-European Stoxx 600 gained 0.58%, led by gains in France and the UK, while Germany’s DAX dipped slightly.
Financial stocks rose, while Puma surged nearly 10% after a Chinese firm agreed to buy a 29% stake, and Dr. Martens fell 12% on weak outlook.
Markets also watched U.S. trade policy developments and the upcoming Federal Reserve decision, with French consumer confidence unchanged at 90 in January, below average.
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El acuerdo comercial entre la UE y la India impulsa las existencias europeas, a pesar del rendimiento mixto del sector y de las perspectivas cautelosas.