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European stocks steady amid easing Middle East tensions
European stocks settled today, Thursday, amid investor caution due to escalating tensions in the Middle East and the lack of clarity regarding the path of US interest rates, with a focus on major companies' earnings reports. The Euro Stoxx 600 index rose slightly by 0.1% to reach 645.67 points, with the energy sector climbing 0.3% following Brent crude futures surpassing $90 per barrel. Schneider Electric increased by 7% after raising its annual forecasts, L'Oréal's sales rose in the second quarter, while Adidas declined by 15% despite raising its sales guidance, due to disappointing results.
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