India, July 9 -- European stocks edged higher on Wednesday as investors waited for an update on the U.S.-EU trade deal.
The Financial Times reported that European Union negotiators are closing in on a trade deal with the U.S. that would cement higher tariffs than those granted to the U.K.
The pan European STOXX 600 was up half a percent at 548.25 after rising 0.4 percent in the previous session.
The German DAX surged 0.8 percent, France's CAC 40 rallied 0.9 percent and the U.K.'s FTSE 100 was marginally higher. In corporate news, WPP shares plunged 17 percent after the British advertising major trimmed its outlook for first half and fiscal 2025.
Close Brothers slumped 6.4 percent. The merchant banking group said it plans to scale back i...