European stock markets traded higher on Thursday, with the STOXX 50 climbing nearly 1% and the broader STOXX 600 advancing 0.6%, buoyed by growing trade optimism after reports that the EU and US are nearing a deal to impose 15% tariffs on select European imports while waiving duties on others.
Investors are also closely watching the European Central Bank's policy announcement later today, with interest rates widely expected to remain unchanged following a series of cuts, as policymakers navigate ongoing trade uncertainty.
On the corporate front, Deutsche Bank shares jumped 6% after the lender posted a better-than-expected second-quarter profit, reversing last year's loss. BNP Paribas rose 3% as it also beat expectations on both revenue and earnings. In contrast, Nestlé fell over 3% after reporting a decline in first-half sales and income. Lloyds Banking Group dipped 0.5% despite strong Q2 results, as it reiterated its guidance for 2025.
Source: Trading Economics
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