European stocks advance on profit focus
European stocks rose by 0.6% amid corporate earnings reviews and tensions in the Middle East, with ongoing concerns about the impact of the war between the United States and Iran on oil supplies. The Stoxx 600 index increased to 656.27 points, while energy sector stocks also gained alongside a 1% rise in oil prices. Conversely, Lufthansa shares fell by 9%, and Zalando declined by 13.2% due to weak profit outlooks for companies, whereas Bayer's operating profits increased by 1.9%.
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