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<Europe> European Stocks Broadly Higher in Early Session; Spain's Puig Slumps 13% as Merger Talks Collapse
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Market rumors suggested Iran and the United States had reached a final draft of a peace agreement. Iranian officials later denied that a deal had been reached, though differences between the two countries have narrowed. Major European stock markets traded broadly higher in early Friday (22nd) session. The pan-European STOXX 600 index rose 0.5% to 623.85. The UK's FTSE 100 gained 36 points, or 0.35%, to 10,480. France's CAC rose 27 points, or 0.3%, to 8,113. Germany's DAX climbed 142 points, or 0.6%, to 24,749. Italy's FTSE MIB added 245 points, or 0.5%, to 49,413. Spain's IBEX 35 increased 57 points, or 0.3%, to 18,032. Spanish beauty brand Puig plunged 13.2% after merger talks with US peer Estee Lauder Companies, Inc. (The) (EL.US) collapsed. Estee Lauder Companies, Inc. (The) (EL.US) surged 9.1% in pre-market trading. Futures for the three major US stock indices moved higher. DJIA futures rose 110 points, or 0.2%. S&P 500 futures and Nasdaq futures gained 0.14% and 0.19%, respectively. (da/a) Auto-translated by AI This article was automatically translated by AI, the original language version should be considered the authoritative version. AASTOCKS.com Limited does not guarantee its accuracy or completeness and accepts no liability for any damages or losses arising from the use of this translation. More Details
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