European stocks rebound as hopes of US-Iran negotiations rise, despite UK economic data disappointments.

From Nasdaq: 2025-06-20 04:59:00

European stocks rebounded after three days of losses, boosted by hopes of negotiations between the US and Iran. UK retail sales fell 2.7% in May, contrary to expectations of a 0.5% drop. UK public sector borrowing rose to GBP 17.7 billion in May. German producer prices fell 1.2% in May, the biggest drop since September. The STOXX 600 rose 0.6%, with the DAX up 0.9%, CAC 40 up 0.6%, and FTSE 100 up 0.3%. Thyssenkrupp Nucera gained 2% after acquiring technology assets. Sanofi received FDA approval for Dupixent. Berkeley Group Holdings and Record Plc saw declines, while Eutelsat shares surged 24% after a capital raise backed by the French government.



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