LIVE MARKETS-STOXX slips despite moderating tariff fears and positive earnings

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STOXX SLIPS DESPITE MODERATING TARIFF FEARS AND POSITIVE EARNINGS

The STOXX 600 .STOXX is slipping 0.4% having erased earlier gains despite moderating tariff fears and a few positive earnings, as traders eye the ECB's interest rate decision due in a few hours.

Autos .SXAP are capping any major losses, up 1.4% following news that U.S. President Donald Trump will exempt automakers from 25% tariffs on Canada and Mexico for one month.

Real estate names are dragging the index lower, with the basket .SX86P down 2.1% and on track for its biggest two-day drop since late 2022.

French gambling provider La Franchise des Jeux FDJ FDJ.PA is slipping 10.8% after full year results.

Two days after German political parties agreed a tectonic spending shift to revamp the military and revive growth, Germany's DAX .GDAXI has hit a fresh record high, surpassing Monday's level. Deutsche Bank shares are on track for their biggest 2-day jump since 2011.

DHL DHLn.DE is topping the index up 11.7% after it unveiled plans to cut about 8,000 jobs in Germany this year as part of a strategy to save more than 1 billion euros ($1.08 billion) by 2027, after the logistics group reported a 7% fall in annual operating profit.

Air France KLM AIRF.PA shares are up 21% after annual results topped expectations and Lufthansa LHAG.DE shares are not far behind, up 7% after an earnings beat.

(Lucy Raitano)

FOR THURSDAYS OTHER LIVE MARKETS POSTS

EUROPE BEFORE THE BELL: FUTURES UP AS TARIFF TENSIONS EASE CLICK HERE

ECB'S LAST EASY DECISION CLICK HERE