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U.S.-China Trade Impact
- Renewed U.S.-China trade tensions pressurize European markets, with the STOXX 600 down 1%.
- Technology and oil sectors declined as mining and automotive were affected.
- Ericsson posted strong earnings, contrasting with the broader market weakness.
- UBS Group AG and Deutsche Bank analysts remain cautiously optimistic; UBS raised 2025 and 2026 STOXX 600 targets.
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