European stocks decline amid negative tariff sentiment; UK economy shrinks more than expected

European stocks decline amid negative tariff sentiment

European stocks declined amid negative tariff sentiment.

Global sentiment has not been improved by the latest updates on U.S. tariffs, as high duties that Washington imposed on China are expected to remain in force and as negotiations with key U.S. trading partners look set to rumble on beyond the initial July 9 deadline.

The Stoxx Europe 600 index fell by 0.3% while Germany's DAX was lower by 0.7% and France's CAC 40 was in the red by 0.1%. Meanwhile, the U.K.'s FTSE 100 was the only major index to rise, ending the session up by 0.2%.

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