European stocks steady amid Middle East concerns
European stocks stabilized amid cautious optimism about developments in the Middle East and a decline in oil prices following the easing of tensions between Iran and Israel. The Stoxx 600 index increased by 0.1 percent, amid expectations that the European Central Bank will raise interest rates by 25 basis points at its upcoming meeting, with a focus on its future policies. Healthcare sector stocks experienced the largest decline of 0.8 percent, while technology stocks rose by 0.9 percent. UBS shares increased by 1.5 percent following reports that the bank is considering easing capital requirements.
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