European stocks rose nearly 1%, led by a 3.4% surge in automobile shares after Trump’s Japan trade deal revived EU deal hopes.
France’s CAC 40 jumped 1.3%, while FTSE 100 hit a record high for the fifth straight session.
Porsche and Mercedes-Benz gained 7.6% and 5.8%, respectively; Lonza rose 5.4% on strong earnings.
Tech stocks lagged, with ASM International down 7.7% and SAP falling 3.5% despite a profit beat.
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