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Europe Markets: European stocks drive higher, as tariff hopes rev up car makers

European markets pushed higher Thursday, as auto makers rose on hopes of a softening in the Trump administration’s tariff threat, but trade-war worries continued to niggle as the U.S. and China prepared to implement new import levies.

How markets are moving

Germany’s DAX 30 index DAX, +1.18% leapt 1.1% to 12,452.08, with auto maker stocks strengthening.

Those moves in Frankfurt helped lift the Stoxx Europe 600 index SXXP, +0.58% by 0.5% to 381.76. All sectors rose, paced by gains for the basic materials and tech groups. The pan-European index closed up less than 0.1% on Wednesday, when trading volumes were dampened during the U.S.

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